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125th MAINE LEGISLATURE |
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LD 1469 |
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LR 1684(06) |
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An Act To Permit
Video Gaming for Money Conducted by Nonprofit Organizations |
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Fiscal Note for
House Amendment " " to
Committee Amendment "A" |
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Sponsor: Rep. Soctomah of Passamaquoddy Tribe |
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Fiscal Note Required: Yes |
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| Fiscal Note |
Contingent future biennium revenue increase - General Fund
Contingent future biennium revenue increase - Other Special Revenue Funds |
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| Fiscal Detail
and Notes |
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This floor
amendment allows 100 slot machines at the high-stakes beano location in
Calais. Presented below is an estimate
of the potential revenues that may be generated from these slot machines and
the subsequent distribution of those revenues. The incremental impact would be an increase
in annual revenue of $62,208 for the State's General Fund and $181,422 for
various other funds. The Gambling
Control Board, Other Special Revenue Funds account would also receive license
fees of $11,000 in the first year and $10,350 for license renewals in
subsequent years. |
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Summary of Slot Machine Facility Revenue |
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Annual Estimate |
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Gross Slot Income (total value of money,
tokens, credits, other value used to play a slot machine) |
$4,320,000 |
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Player Payback
- Slot Income |
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$3,542,400 |
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Net Slot Income |
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$777,600 |
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Share of Net Income for Distribution - 30% |
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$233,280 |
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Operator Share of Net Income - 70% |
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$544,320 |
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State Revenues by Fund |
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Annual Estimate |
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General Fund - Slot Machines |
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$62,208 |
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Total
General Fund Revenue |
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$62,208 |
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Gambling Control Board - Slot Machines |
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$77,760 |
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Gambling Control Board - License Fees ($11,000
the 1st year) |
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$10,350 |
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Subtotal |
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$88,110 |
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Gambling Addiction Prevention and Treatment
Fund |
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$15,552 |
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Municipality |
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$77,760 |
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Total
Other Special Revenue Funds Revenue |
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$181,422 |
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Total Revenue All Funds |
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$243,630 |
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