South Florida Casino and Entertainment
Wynn Resorts has not been as active in online gaming as some of its competitors but has stated it will be moving in that direction. And that is the story of how online casinos were legalized in the United States. The point here is not to pick on Delaware but to demonstrate how tax rates and regulations play a critical role in how much online gambling benefits the state. The benefit to the state varies by a wide range as we’ve seen with New Jersey’s online casino market flourishing while Delaware’s continues to underperform expectations. WV online gambling is regulated by the Lottery Commission (WVLC), which is also responsible for passing additional regulations as needed. Under state law, casinos must pay a $250,000 licensing fee, and revenues are taxed at 15%.
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