125th MAINE LEGISLATURE
		LD 1418		LR 1267(17)
	An Act To Allow Table Games at a Facility Licensed To Operate Slot Machines on January 1, 2011
	Fiscal Note for Bill as Engrossed with: C "A" (H-522) H "B" (H-659) to C "A" (H-522) H "D" (H-675) to C "A" (H-522)
	Committee: Veterans and Legal Affairs
Fiscal Note
Contingent current biennium cost increase - General Fund Contingent current biennium cost increase - Other Special Revenue Funds Contingent current biennium revenue increase - General Fund Contingent current biennium revenue increase - Other Special Revenue Funds
Fiscal Detail and Notes
	The impact of this bill is contingent on a county referendum vote.  The bill proposes to authorize a commercial track that was licensed to operate a slot machine facility on January 1, 2011 to obtain a casino operator license.  It also imposes a tax on this operator's table games of 16% of net table game income and imposes an initial gaming table fee of $100,000 per table with a renewal fee of $1,000 per table.  Presented below is an estimate of the potential annual revenues.
	This estimate assumes one facility, the existing facility in Bangor, would qualify.  It assumes 14 table games and assumes an 8% increase in slot revenue from increased visitation to the facility.  This analysis assumes no significant effect on revenue generated by the casino facility pending licensure in Oxford.  If there is an appreciable reduction in casino revenue, there will be a reduction in the amounts distributed from that facility.  The net impact on the state funds and the distributions to various funds and purposes cannot be estimated at this time.
	The total estimated annual increase in General Fund revenue is $1,352,539, which includes $1,432,539 from gaming activities and a loss of $80,000 from the Oxford casino operator license now deposited into a dedicated account within the Department of Public Safety, Gambling Control Board.  The estimated annual increase in Other Special Revenue Funds revenue is $1,911,871 which includes $174,000 in casino operator and table game license fees now deposited into a dedicated account.  Annual state costs associated with Inspectors and State Police Detectives are estimated to be $589,726.  The timing of these impacts will depend on the timing of the local vote and the amount of time needed for establishing table games.
						Annual
						Estimate
	State Share Net Table Game Income (16%)					$849,920
	State Share of Additional Net and Gross Slot Income					$2,320,491
	State Revenues by Fund
	General Fund
	From Gaming					$1,432,539
	From Annual License Fees1					($80,000)
	Total General Fund Revenue					$1,352,539
	Other Special Revenue Funds
	Department of Public Safety, Gambling Control Board 1					$572,940
	University of Maine Scholarship Fund					$90,116
	Maine Community College System - Scholarship Funds					$45,058
	Resident Municipalities					$151,298
	Purse Supplements					$450,581
	Sire Stakes Fund					$135,174
	Fund to Encourage Racing at Commercial Tracks					$180,232
	Fund to Stabilize Off-Track Betting					$45,058
	Agricultural Fair Support Fund					$135,174
	Non-profits conducting beano and games of chance					$106,240
	Total Other Special Revenue Funds Revenue					$1,911,871
	Total Revenue All Funds					$3,264,410
	Summary of Expenditure Impacts to the State
	General Fund
	- Public Safety					$589,726
	1  Under this legislation the initial and renewal casino operator license at Oxford are deposited in a dedicated account.