131st MAINE LEGISLATURE
LD 731 LR 201(03)
An Act Regarding the Licensing of Persons to Conduct Advance Deposit Wagering
Fiscal Note for Bill as Engrossed with:
C "A" (S-381)
Committee: Veterans and Legal Affairs
             
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund ($95,237) ($268,916) ($315,008) ($367,815)
Appropriations/Allocations
General Fund $56,793 $77,713 $80,150 $82,665
Other Special Revenue Funds $1,368,273 $3,119,665 $3,556,419 $4,054,317
Revenue
General Fund $152,030 $346,629 $395,158 $450,480
Other Special Revenue Funds $1,383,273 $3,122,165 $3,558,919 $4,056,817
Fiscal Detail and Notes
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 account wagering providers to be licensed to participate in advance deposit wagering. Advance deposit wagering licensees are directed to remit their gross advance deposit wagers to the GCU for distribution as follows:  
Of the 5% remitted for: In-State Races   Out of State Races 
Credited to the General Fund  10% 10%
Fund to Stabilize Off-Track Betting Facilities (OSR) 20% 36%
Sire Stakes Fund (OSR) 1% 1%
Agricultural Fair Support Fund (OSR) 10% 10%
Fund to Supplement Harness Racing Purses (OSR) 24% 7%
Fund to Encourage Racing at Maine's Commercial Tracks (OSR)  35% 36%
The State's share of the advance deposit wagering in fiscal year 2023-24 is anticipated to generate $1,520,303 in revenue, of which $152,030 will be deposited into the General Fund and $1,368,273 will be distributed into the various Other Special Revenue Funds accounts listed above. In fiscal year 2024-25 the State's share will increase to $3,466,295, of which $346,629 will be deposited into the General Fund, and $3,119,666 will be distributed to the various Other Special Revenue Funds accounts listed above. Corresponding Other Special Revenue Funds allocations are included to allow for the expenditure of the funds.
License and application fees are estimated to generate $15,000 in fiscal year 2023-24 and $2,500 in fiscal year 2024-25 when the licenses are renewed. License fee revenue assumes that 10 new providers will seek licensure. This bill also includes appropriations to the GCU of $56,793 beginning in fiscal year 2023-24 for one Office Assistant II position and associated All Other costs.