SB 62 — Establishing secondary location for racetrack video lottery terminals

SB62 SFATSFA STUART #22-23 2-23Stephan#1Stephan  7502 Senator Stuart moved to amend the bill on page 3, section 12a, lines 48-49, after the word “races:” by striking out the titleproviso and substitutinginserting thereforin lieu thereof a new title,proviso, to read as follows:Eng.follows:

Com.Provided, That the licensed racetrack receives approval from the State Lottery Commission, has received voter approval pursuant to §29-22C-7a of this code, and has paid the initial fee of $250,000 to the commission to operate a secondary or satellite location pursuant to §29-22D-15(n) of this code.;On pages 5 and 6, section 12, lines 35-55, by striking out all of subsection (e), and inserting in lieu thereof a new subsection (e), to read as follows: (e) Notwithstanding any provision in this chapter to the contrary, a licenses racetrack may establish a secondary location for its business, including authorized operational video lottery terminals, at any building owned or leased by the licensed racetrack within the county the licensed racetrack is located:

Sub.Provided, That the licensed racetrack receives approval from the State Lottery Commission, has received voter approval pursuant to §29-22C-7a of this code, and has paid the initial fee of $250,000 to the commission to operate a secondary or satellite location pursuant to §29-22D-15(n) of this code.

forThe Senatetotal Billamount 62—of Alocations BILLa tolicensed amendracetrack andmay reenactoperate §19-23-12awithin ofa thecounty Codeis oftwo Westlocations: Virginia, 1931, as amended;

Provided, however, That if any licensed racetrack relocates operational video lottery terminals outside of a municipality, the municipality may receive the share of funds it received under §29-22A-10 and §29-22A-10b of this code up to amendthe amount received in the fiscal year immediately preceding the relocation of the operational video lottery terminals, and reenactthe §29-22A-12excess of this amount shall be divided proportionally to the said code;municipality and the new municipality, if any, based on the revenues generated at each location:

Provided, further, That the total amount of funds transferred to amendthe andmunicipalities reenactmay §29-22C-3,not §29-22C-4,exceed §29-22C-6,the percentage provided under §29-22A-10 and §29-22C-7§29-22A-10b of saidthis code;code:

toAnd amendprovided saidfurther, codeThat byany addinglicensed theretoracetrack establishing a newsecondary section,location designatedshall §29-22C-7a;continue to operate its original facility and continue to maintain and offer amenities, accommodations, options, and services at the original facility, and shall continue to maintain and offer the same level of amenities, accommodations, options, and services as of the effective date of the amendments to this section enacted during the 2023 regular session of the Legislature.

As used in this subsection, amenities, accommodations, options, and services may include, but are not limited to, table games, video lottery terminals, live racing, and sports wagering kiosks offered to amendthe public.;On page 10, section 3, lines 109-110, after the word “located:” by striking out the proviso and reenactinserting §29-22C-8in oflieu saidthereof code;a new proviso, to read as follows:

andProvided, toThat amendthe andlicensed reenactracetrack §29-22D-15has ofreceived saidapproval code,from allthe relatingState Lottery Commission, has received voter approval pursuant to allowing§29-22C-7a forof this code, and has paid the establishmentinitial fee of $250,000 to the commission to operate a secondary or satellite location forpursuant pari-mutuelto wagering§29-22D-15(n) onof simulcastthis races,code.;On racetrackpage video15, lotterysection terminals,6, sportlines wagering30-31, kiosks,after the word “location:” by striking out the proviso and racetrackinserting tablein gameslieu ofthereof a new proviso, to read as follows:Provided, That the licensed racetracksracetrack athas anreceived alternativeapproval locationfrom withinthe State Lottery Commission, has received voter approval pursuant to §29-22C-7a of this code, and has paid the currentinitial countyfee of $250,000 to the licensedcommission racetrack;to operate a secondary or satellite location pursuant to §29-22D-15(n) of this code.;On page 23, section 8, after line 93, by inserting a new subdivision, designated subdivision (5), to read as follows:(5) If a licensee who operates a secondary or satellite location fails to apply to renew its license under §19-23-1 et seq.

providingand that§29-22A-1 theet originalseq. venue must remain in operation;

providingof thatthis code until after the originallicense venueexpires, continuethe tocommission offershall amenities,renew accommodations,its optionslicense andunder servicesthis article at the sametime level;it renews its license under §29-22A-1 et seq.

providingof forthis code provided the licensee has paid the annual license fees required by subsection (g) and subsection (n) of this section, and during the preceding license year the licensee complied with all provisions of this article, all rules adopted by the commission and all final orders of the commission applicable to the licensee.;On page 24, section 8, lines 124-126, after the word “located:” by striking out the proviso and inserting in lieu thereof a localnew optionproviso, election;to read as follows:

definingProvided, terms;That the licensed racetrack has received approval from the State Lottery Commission, has received voter approval pursuant to §29-22C-7a of this code, and has paid the initial fee of $250,000 to the commission to operate a secondary or satellite location pursuant to §29-22D-15(n) of this code.;On page 25, section 8, lines 142-148, by striking out all of subsection (n), and inserting in lieu thereof a new subsection (n), to read as follows:(n) Initial fee and annual renewal fees for secondary or satellite locations.

providing—(1) After receiving approval to operate a secondary or satellite location from the State Lottery CommissionCommission, authoritythe licensed racetrack shall pay an initial fee of $250,000 to regulateoperate the secondary locations;or satellite location.(2) Upon establishment of a secondary or satellite location, the licensed racetrack shall pay an additional annual fee to the commission in the amount of $250,000.

providingAnnual forfees rulemaking;to operate secondary or satellite locations paid pursuant to this subsection shall be included in the annual license fee payment to be made pursuant to subsection (g) of this section.(3) Any license obtained pursuant to this section, payment of licensing fees as incident to a racetrack’s license, payment of initial and annual fees associated with the establishment and operation of a secondary or satellite location, and any required surety bonds allows operation of a secondary or satellite location.

providingAny forlicense licensingissued ofpursuant secondaryto or§29-22A-1 satelliteet locations;seq.

providingof forthis feescode, to§29-22D-1 operateet secondaryseq. or satellite locations;

andof restrictingthis specialcode, electionsand to§19-23-1 beginet operatingseq. racetracks.   AdoptedRejected

of this code would also extend to any secondary or satellite location as those terms are defined in §29-22C-3 of this code.

The secondary location is not required to operate a racetrack.;And,On pages 26-27, section 15, lines 33-45, by striking out all of section (i), and adding in lieu thereof a new subsection (i), to read as follows:(i) Notwithstanding any provision of this chapter to the contrary, a licensed racetrack may establish a secondary location for its business at any building owned or leased by the licensed racetrack within the county the licensed racetrack is located to provide sports wagering kiosks:

Provided, That the licensed racetrack has received approval from the State Lottery Commission, has received voter approval pursuant to §29-22C-7a of this code, and has paid the initial fee of $250,000 to the commission to operate a secondary or satellite location pursuant to §29-22D-15(n) of this code.

The total amount of locations a licensed racetrack may operate within a county is two locations:

Provided, however, That any licensed racetrack establishing a secondary location shall continue to operate its original facility and continue to maintain and offer amenities, accommodations, options, and services at such original facility, and shall continue to maintain and offer the same level of amenities, accommodations, options, and services as of the effective date of the amendments to this section enacted during the 2023 regular session of the Legislature.

As used in this subsection, amenities, accommodations, options, and services may include, but are not limited to, table games, video lottery terminals, live racing, and sports wagering kiosks offered to the public.     AdoptedRejected