WV HB2061

Eliminates the 10% reduction on certain racetrack video lottery net terminal income distributions that has been in effect since July 1, 2014, restoring full payments to designated funds

Removes the 10% reduction on excess net terminal income distributions from racetrack video lottery operations that were being redirected to the State Excess Lottery Revenue Fund

Eliminates the 10% reduction on adjusted gross receipts distributions from racetrack table games that has been applied since fiscal year 2014-2015

Changes language from mandatory ("shall not") to permissive ("may not") regarding certain payment restrictions under the net terminal income distribution provisions

Maintains existing provisions allowing the Governor to redirect lottery revenues to the General Revenue Fund during budget shortfalls exceeding $100 million