Reading Time: 2 minutes
Alan Larrick, the Director at West Virginia Lottery, disclosed his confidence on the possibility of sports betting at five of the state’s casinos within 90 days of a favourable ruling from the US Supreme Court. The state is excogitating the feasibilities in order to be ready in case the federal ban imposed on sports betting gets lifted.
Larrick pointed out after the Lottery Commission meeting on Monday that: “In a perfect world, we could hopefully be up and running by late summer.”
The Lottery is working as if the court has already given the approval for sports betting, and that the five casinos in the state are already on board when it comes to it as a new law came into effect on March 9, He added.
Larrick also told the commissioners about his expectations that the court will issue its decision in April. “We’re really looking forward to working with our partner casinos. I think we’ve really gotten ahead of the curve. We’re out there first.”
The bill signed by Governor Jim Justice would allow sports betting at local licensed casinos, as well as Lottery Commission-approved mobile device apps. The legislation says that 10 percent of gross receipts will be collected by the state, while it also states that bettors would need to be at least 21 years of age to engage in that activity.
The decision on whether PASPA would be repealed or not will come later this year, but Justice has already asked the Legislature to consider a partnership with major sports leagues, such as the NFL and the NBA. “After the U.S. Supreme Court issues its decision on sports wagering, to address any provisions of the legislation that might be in conflict, I will ask the Legislature to look at the advantages of partnering with the major sports leagues,” Gov. Justice said. “I believe there could be real value to this partnership. I expect the Supreme Court to rule on this issue in the next few months.”
Larrick said that there may be something the leagues can provide in the way of marketing or something of that nature that would be to their benefit. “Any type of tax, integrity fee, whatever you want to call it, we need to make sure it’s something that’s not prohibitive to our casinos and to the state of West Virginia,” he said. “It needs to be a reasonable figure that allows us to go forward.”
Source: European Gaming Media and Events