WV HB2491

Expands West Virginia's online charitable raffle law to allow institutions of higher education with NCAA Division I or Division II athletics departments to conduct online raffles for fundraising purposes

Permits organizations (including universities) to conduct online raffles without a license if prizes do not exceed $4,000 per raffle and cumulative gross proceeds stay under $15,000 annually

Exempts online raffle proceeds from institutions of higher education from state and local business, occupation, income, excise, and special taxes, as well as sales and use taxes on related purchases

Clarifies that online raffles conducted by institutions of higher education are not considered sports wagering or interactive wagering activities under state gaming laws

Requires annual license fee of $500 or limited occasion license fee of $50, with net proceeds to be expended within one year for stated charitable, public service, or athletics department purposes