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127th MAINE LEGISLATURE |
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LD 838 |
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LR 690(02) |
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An Act To Enhance
Equity and Efficiency for Off-track Betting Facilities |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Revenue |
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Other Special Revenue Funds |
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($156,998) |
($209,330) |
($209,330) |
($209,330) |
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| Fiscal Detail
and Notes |
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The bill removes
4% of amounts wagered at off-track betting (OTB) facilities when calculating
the distribution to certain entities from the interstate simulcasting of
races. The amounts of revenue loss by entity are displayed below. |
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Annual |
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Revenue Loss by Entity |
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Estimate |
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Sire Stakes Fund |
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-$23,360 |
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Stipend Fund |
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-$27,042 |
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Fund to Supplement Harness Racing Purses |
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-$75,788 |
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Harness Racing Promotional Fund |
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-$5,756 |
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OTB Simulcast Fund |
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-$77,384 |
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Total Annual Revenue Loss (less in prorated fiscal year 2015-16) |
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-$209,330 |
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