VA SB661

Establishes the Virginia Small Business Economic Development Act to legalize and regulate skill game machines (electronic gaming devices) in the Commonwealth, creating a licensing framework under Virginia Lottery Board oversight.

Imposes a 30% tax on adjusted gross revenues from skill game machines, with revenue distributed to the state general fund, localities, and problem gambling programs.

Requires manufacturers, distributors, and retailers to obtain licenses from the Virginia Lottery Board, with retailers limited to operating a maximum number of machines per location.

Creates penalties for unlicensed operation of skill game machines, including civil fines and criminal charges for violations of the regulatory framework.

Authorizes the Virginia Lottery Board to conduct investigations, hold closed meetings for licensing appeals, and enforce compliance with electronic skill gaming device regulations.