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128th MAINE LEGISLATURE |
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LD 1320 |
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LR 30(03) |
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An Act To Regulate
and Tax Sports Fantasy League Activities in Maine |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-314) |
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Committee: Veterans and Legal Affairs |
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| Fiscal Note |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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($10,071) |
($7,206) |
($4,256) |
($1,217) |
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| Appropriations/Allocations |
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General Fund |
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$99,929 |
$102,794 |
$105,744 |
$108,783 |
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| Revenue |
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General Fund |
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$110,000 |
$110,000 |
$110,000 |
$110,000 |
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Other Special Revenue Funds |
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$15,000 |
$5,000 |
$5,000 |
$5,000 |
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| Correctional and
Judicial Impact Statements |
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Establishes new
civil violations.
The collection of additional fines may also increase General Fund revenue
by minor amounts. |
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| Fiscal Detail
and Notes |
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This bill includes
General Fund appropriations to the Gambling Control Board (GCB) within the
Department of Public Safety of $99,929 in fiscal year 2017-18 and $102,794 in
fiscal year 2018-19 for one Information System Security Analyst position and
related costs to assist in the regulation of fantasy sports contests. The
bill authorizes the GCB to collect a fee for initial registration and annual
licenses from fantasy contest operators. The initial registration fees are
expected to result in a one-time Other Special Revenue Funds revenue of
$10,000 in fiscal year 2017-18, annual license fees are expected to generate
annual Other Special Revenue Fund revenues of $5,000 starting in fiscal year
2017-18. The bill also requires fantasy contest operators with annual revenue
greater than $100,000 to distribute 10% of gross fantasy contest revenues to
the General Fund. This distribution is estimated to increase General Fund
revenue by $110,000 annually. |
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