HB 3012
Relating to Lottery Money Distribution
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies how West Virginia’s lottery money is distributed. It removes specific language about allocating a percentage of net terminal income and adjusts the funding allocation for lottery monies. Notably, it establishes a ‘Licensed Racetrack Modernization Fund’ to support facility improvements at racetracks, and ensures that certain lottery revenues won’t be affected by other counties’ allocations. The bill also outlines procedures for accounting and reporting related to lottery revenue and establishes penalties for non-compliance.
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