131st MAINE LEGISLATURE
LD 2117 LR 2777(02)
An Act to Amend the Laws Regarding Sports Wagering Licensing
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
             
Fiscal Note
4 year licenses changed to annual
No net change to revenue over time
Fiscal Detail and Notes
This bill changes the license term for certain sports betting-related licenses from a 4-year term to a 1-year term and reduces the associated license fee by a proportional amount. Over time, the net impact on General Fund revenue from these changes will be zero as the revenue received shifts from once every 4 years to yearly with the annual renewals. Since the Gambling Control Unit issued all current licenses in the current fiscal year (2023-24) and doesn't anticipate any new licenses, the changed terms and fees will not impact anticipated revenues until fiscal year 2027-28.