The bill amends the Code of West Virginia to enhance the advertising practices of licensed limited video lottery retailers and permittees. It grants the Lottery Commission the authority to propose legislative rules governing advertising and promotional activities, which must align with existing code provisions. A key requirement is that all advertising and promotional activities must receive prior approval from the Director before being published or released. Additionally, any previously established legislative rules that restrict advertising activities will be rendered ineffective upon the enactment of this bill, creating a more cohesive framework for advertising within the limited video lottery sector.

Moreover, the bill outlines specific responsibilities for limited video lottery retailers and operators regarding advertising compliance. Operators are required to obtain prior approval for all advertising and promotional activities, prominently display signs and redemption information at their locations, and maintain general liability insurance coverage of at least $1 million per claim. They must also notify the commission of any issues with logic unit seals and are held accountable for any money lost or stolen from the terminals. The bill mandates that operators maintain a separate bank account for depositing gross terminal income, ensuring financial transparency and accountability in their operations.

Statutes affected:
Introduced Version: 29-22B-402, 29-22B-702, 29-22B-706
Committee Substitute: 29-22B-402, 29-22B-702, 29-22B-706
Engrossed Committee Substitute: 29-22B-402, 29-22B-702, 29-22B-706