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129th MAINE LEGISLATURE |
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LD 1797 |
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LR 1878(03) |
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An Act To Amend
the Advance Deposit Wagering Laws |
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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 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$93,016 |
$127,597 |
$130,991 |
$134,481 |
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| Appropriations/Allocations |
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General Fund |
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$93,046 |
$127,628 |
$131,024 |
$134,515 |
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Other Special Revenue Funds |
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$270 |
$284 |
$297 |
$313 |
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| Revenue |
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General Fund |
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$30 |
$31 |
$33 |
$34 |
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Other Special Revenue Funds |
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$22,770 |
$284 |
$297 |
$313 |
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| Fiscal Detail
and Notes |
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This bill repeals
provisions in current law that directed the Gambling Control Unit (GCU)
within the Department of Public Safety to award one entity through a
competitive bidding process a license to conduct advance deposit wagering and instead allows commercial tracks,
off-track betting facilities and multijurisdictional account wagering
providers to be licensed to participate in advance deposit wagering. Advance deposit wagering licensees are
directed to remit .5% of their gross advance deposit wagering income to the
GCU for distribution as follows: |
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Of the .5%
remitted for: |
In-State Races |
Out of State Races |
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Credited to the General Fund |
10% |
10% |
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Fund to Stabilize Off-Track Betting Facilities
(OSR) |
20% |
36% |
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Sire Stakes Fund (OSR) |
1% |
1% |
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Agricultural Fair Support Fund (OSR) |
10% |
10% |
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Fund to Supplement Harness Racing Purses (OSR) |
24% |
7% |
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Fund to Encourage Racing at Maine's Commerical
Tracks (OSR) |
35% |
36% |
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The State's share
of the advance deposit wagering in fiscal year 2019-20 is anticipated to
generate only $300 in revenue of which $30 will be credited to the General
Fund and $270 will be distributed into the various Other Special Revenue
Funds accounts listed above. In fiscal
year 2020-21, General Fund revenue is estimated to be $32 and Other Special
Revenue Funds revenue is estimated to be $284. Corresponding Other Special
Revenue Funds allocations are included to allow for the expenditure of the
funds. |
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License and
application fees are estimated to generate $22,500 in fiscal year 2019-20
with additional revenue in fiscal year 2024-25 when the 5-year licenses are
renewed. License fee revenue assumes
that five off-track betting facilities and 10 multijurisdictional account
wagering providers will seek licensure.
This bill also includes appropriations to the GCU of $93,046 in fiscal
year 2019-20 and $127,628 in fiscal year 2020-21 for one Public Safety
Manager II position and associated All Other costs. |
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