West Virginia HB4398 modifies the privilege tax rate for sports wagering licenses to 25%.

West Virginia HB4398 amends the percentage amount for the privilege of holding a license to operate sports wagering. The bill increases the tax rate from 10% to 25% of the licensee's adjusted gross sports wagering receipts. It also specifies that the tax is in lieu of other taxes, except for ad valorem property tax. The bill outlines procedures for reporting and paying the tax, including weekly electronic filings and electronic funds transfers. It prohibits credits against the privilege tax for investments in gaming equipment or real property improvements.

West Virginia HB4398 modifies the privilege tax rate for sports wagering licenses to 25%.

West Virginia HB4398 amends the percentage amount for the privilege of holding a license to operate sports wagering. The bill increases the tax rate from 10% to 25% of the licensee's adjusted gross sports wagering receipts. It also specifies that the tax is in lieu of other taxes, except for ad valorem property tax. The bill outlines procedures for reporting and paying the tax, including weekly electronic filings and electronic funds transfers. It prohibits credits against the privilege tax for investments in gaming equipment or real property improvements.