125th MAINE LEGISLATURE
		LD 1469		LR 1684(02)
	An Act To Permit Video Gaming for Money Conducted by Nonprofit Organizations
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Veterans and Legal Affairs
	Fiscal Note Required: Yes
Fiscal Note
Contingent future biennium cost increase - General Fund Contingent future 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
	This legislation allows the Gambling Control Board to accept applications for slot machine operator licenses, beginning October 1, 2013, from charitable nonprofit organizations.  Documentation of approval of the voters of the municipality must be submitted with the application.  The Board may license up to 100 slot machines during the first year, with 250 total slot machines allowed.
	Presented below is an estimate of the potential revenues that may be generated from new slot machine facilities and the subsequent distribution of those revenues.  This fiscal note assumes 20 charitable nonprofit organizations would be licensed with a total of 100 slot machines, generating annual revenue of $62,208 for the State's General Fund and $188,072 for various other funds.  The Gambling Control Board, Other Special Revenue Funds account would also receive license fees of $30,000 in the first year and $17,000 for license renewals in subsequent years.  Annual state costs associated with an Inspector, an Auditor and other related expenses are estimated to be $147,860.
						Annual
	Summary of Slot Machine Facility Revenue					Estimate
	Gross Slot Income (total value of money, tokens, credits, other value used to play a slot machine)					$4,320,000
	Player Payback  - Slot Income					$3,542,400
	Net Slot Income					$777,600
	Share of Net Income for Distribution - 30%					$233,280
	Operator Share of Net Income - 70%					$544,320
						Annual
	State Revenues by Fund					Estimate
	General Fund - Slot Machines					$62,208
	Total General Fund Revenue					$62,208
	Gambling Control Board - Slot Machines					$77,760
	Gambling Control Board - License Fees ($30,000 the 1st year)					$17,000
	Subtotal					$94,760
	Gambling Addiction Prevention and Treatment Fund					$15,552
	Municipalities					$77,760
	Total Other Special Revenue Funds Revenue					$188,072
	Total Revenue All Funds					$250,280
	Summary of Expenditure Impacts to the State
	General Fund
	- Public Safety					$53,100
	Other Special Revenue Funds
	- Public Safety					$94,760
	Total Expenditures					$147,860