127th MAINE LEGISLATURE
LD 838 LR 690(02)
An Act To Enhance Equity and Efficiency for Off-track Betting Facilities
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
             
Fiscal Note
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Revenue
Other Special Revenue Funds ($156,998) ($209,330) ($209,330) ($209,330)
Fiscal Detail and Notes
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. 
Annual
Revenue Loss by Entity Estimate
Sire Stakes Fund -$23,360
Stipend Fund  -$27,042
Fund to Supplement Harness Racing Purses -$75,788
Harness Racing Promotional Fund -$5,756
OTB Simulcast Fund -$77,384
      Total Annual Revenue Loss (less in prorated fiscal year 2015-16) -$209,330