A bill to increase VLT access to bars and restaurants with stricter regulations was introduced by Ohio lawmakers. Each venue is permitted to have seven machines, and half of the money made will be used to support public education.
Two Republicans in the Ohio House filed a bill today that would allow video lottery terminals (VLT), sometimes known as e-bingo devices, to be installed in establishments like pubs and restaurants.
A few weeks ago, measures to legalize gambling, or iGaming, on everyone’s phone and digital devices were submitted by the House and the Senate.
This new law appears to be a smaller step, but it still offers the opportunity to raise additional funds for education, as there does not seem to be support for such a significant rise in gaming.
ALSO READ: Louisiana Casino Income Jumps 12.7% Year-over-year in May.
Only fraternal and veteran organizations, such as American Legions, VFWs, and lodges of Eagles and Elks, are now permitted to operate e-bingo terminals.
There may be no more than ten machines per site, and any profits—which are not subject to taxes—must be donated to local organizations.
That program would be expanded under this new measure, but the regulations would be different.
Only seven machines would be permitted in each new venue, such as a bar or restaurant, and the non-profit organization, not the merchant, would need to hold the license for those machines.
Fifty percent of the proceeds would be allocated directly to the Ohio Lottery Education Fund, which provides funding for educational institutions.
Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net
Golf betting has exploded in popularity across the United States as more states legalize sports…
A vote to authorize internet sports betting is currently being pushed by the tribal group…
The NFL Draft isn’t just a marquee event for teams and fans, it has become…
Sports betting has exploded in popularity across the United States since the Supreme Court struck…
In sports betting, not all wagers are created equal. Every day, thousands of bets flood…
For most NFL fans, Monday Night Football is the final act of the week. For…