|
|
|
|
|
|
|
|
128th MAINE LEGISLATURE |
|
|
LD 1320 |
|
LR 30(02) |
|
|
|
An Act To
Regulate and Tax Sports Fantasy League Activities in Maine |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Veterans and Legal Affairs |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
|
|
|
FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
($10,071) |
($7,206) |
($4,256) |
($1,217) |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$99,929 |
$102,794 |
$105,744 |
$108,783 |
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
General Fund |
|
$110,000 |
$110,000 |
$110,000 |
$110,000 |
|
Other Special Revenue Funds |
|
$15,000 |
$5,000 |
$5,000 |
$5,000 |
|
|
|
|
|
|
|
| Correctional
and Judicial Impact Statements |
|
|
|
|
|
Establishes new
civil violations.
The collection of additional fines may also increase General Fund revenue
by minor amounts. |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
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. |
|
|
|
|
|
|
|