Virginia Lottery; Internet gaming authorized, penalties.

Virginia Lottery; casinos; Internet gaming authorized; penalties. Authorizes Internet gaming in the Commonwealth to be regulated by the Virginia Lottery Board. The bill permits the Board to issue an Internet gaming operator license to a casino gaming operator that submits an application on forms approved by the Board, meets certain qualifications, and pays an application fee of $1 million. The tax rate is set at 15 percent of an Internet gaming operator's adjusted gross Internet gaming revenue with 2.5 percent allocated to the Problem Gambling Treatment and Support Fund and the remaining 97.5 percent allocated to the general fund.