127th MAINE LEGISLATURE
		LD 1279		LR 685(03)
	An Act To Authorize Advance Deposit Wagering for Horse Racing
	Fiscal Note for Bill as Engrossed with: C "A" (H-614)
	Committee: Veterans and Legal Affairs
Fiscal Note
Future biennium revenue increase - Other Special Revenue Funds
			FY 2015-16	FY 2016-17	Projections  FY 2017-18	Projections  FY 2018-19
Net Cost (Savings)
	General Fund		$0	$0	$0	$0
Appropriations/Allocations
	General Fund		$0	$0	$95,000	$95,316
Revenue
	General Fund		$0	$0	$95,000	$95,316
Fiscal Detail and Notes
	The bill requires the Gambling Control Board (GCB) within the Department of Public Safety to develop a Request-for-Proposal to award one bidder the privilege to be licensed to conduct advance deposit wagering for horse races. Bidders will pay a $1,000 bidding fee to win the right to administer advance deposit wagering, resulting in $1,000 of General Fund revenue for each bid proposal. A license to conduct advance deposit wagering is $500 of General Fund revenue. The GCB will require a General Fund appropriation of $95,000 and $95,316 in fiscal year 2017-18 and 2018-19, respectively, for one Auditor II position and related costs.
	The advance deposit wager licensee shall collect the net commission from wagers and distribute 10% to the General Fund for both intrastate races and interstate races and 35% and 18% to certain Other Special Revenue Funds accounts on intrastate races and interstate races, respectively. The amount of revenue from net commissions on wagers will depend on the contract between the winning bidder and the GCB, especially the degree to which the winning bidder will cover the General Fund costs of $95,000 annually for administration and oversight of advance deposit wagering. No estimate of the increase in Other Special Revenue Funds revenue is made at this time. This fiscal note assumes that there will be an adequate amount of General Fund revenue from the net commission on wagers to cover the costs of the General Fund appropriations to the GCB.