Last August the Virginia General Assembly passed and Governor Ralph Northam signed a law allowing wagering on historical horseracing, among other provisions. The legislation allows Colonial Downs’ racetracks in New Kent and Vinton to operate Rosie’s Gaming Emporiums with a combined 750 historical horseracing terminals. The New Kent facility holds 600 terminals and the Vinton location offers 150 terminals. The facilities also offer satellite betting.
In May, the first full month both facilities were open, players wagered $70.8 million, according to the Virginia Racing Commission. The two facilities generated $531,000 in tax revenue for the state; $354,000 in tax revenue will be directed to the local governments.
Colonial Downs officials said two more Rosie’s will open, in Richmond and Hampton. The company also submitted paperwork to open a Rosie’s location in Danville.
A provision of the legislation passed last August required a comprehensive study on gambling. Legislators said they did not want to expand gambling until it could be reviewed. Lawmakers are expected to take up new bills during the 2020 session.
Senate Majority Leader Thomas K. Norment stopped local referendums on casinos until the study can be completed. The Joint Legislative Audit and Review Commission has asked the consulting firm preparing the study to complete its work by August 1 so the commission can present it to lawmakers by November 12. The earliest local referendums could be held would be July 1, 2020.
Meanwhile, gambling is increasing. Slot machine-like games are showing up in truck stops, gas stations and bars. The games’ operators claim they’re based on skill, allowing them to side-step state gaming statutes. Several lawsuits are pending regarding the legality of the games.
The Pamunkey Tribe also is moving forward with plans to gain federal approval for a casino in Norfolk.
