The bill amends the Code of West Virginia to enhance the regulatory framework governing the advertising practices of licensed limited video lottery retailers and permittees. It grants the Lottery Commission the authority to propose legislative rules for 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 such activities will be rendered ineffective upon the enactment of these amendments.

The bill also introduces specific responsibilities for limited video lottery retailers and operators, including the requirement to maintain general liability insurance coverage of at least $1 million per claim for all video lottery terminals. Operators must prominently display signs and redemption information at approved locations, notify the commission of any damage to logic unit seals, and assume liability for any amounts due to the commission related to lost or stolen money from video lottery terminals. Furthermore, they are required to maintain a separate bank account for depositing gross terminal income. These changes aim to improve regulatory oversight and accountability within the video lottery industry in West Virginia.

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