Virginia Regulatory Town Hall
Department of Agriculture and Consumer Services
Department of Agriculture and Consumer Services, Charitable Gaming
Charitable Gaming Regulations [11 VAC 20 ‑ 20]
Action Promulgation of Charitable Gaming Regulations by Department of Agriculture and Consumer Services, including electronic gaming provisions
Stage Proposed
Comment Period Ended on 11/23/2022
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11/22/22  4:56 pm
Commenter: Patti Hansley FOE#4315 Member/Officer

Bank Accounts

11VAC20-20-80 Bank Accounts

Para A. Organizations shall maintain a charitable gaming bank account that is separate from any other bank account, and all gaming receipts, except receipts from electronic gaming, shall be deposited into the CGB account.

Why have two separate accounts?  If a portion of the proceeds from EGD are considered charitable gaming, why two separate accounts.  Seems redundant and burdensome for the organization.  There is the expense and time it takes to set up the account.  Maintaining and managing two sets of accounts for charitable game. 

Recommendation: Organization have one account i.e., Charitable Gaming, which most organizations already have established.

CommentID: 205979