Pari-mutuel regulation.

11LSO-0067.C1

                                                         

FISCAL NOTE

 

 

 

FY 2012

FY 2013

FY 2014

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

SPECIAL REVENUE FUND    

200,000

250,000

300,000

 

 

Source of Revenue Increase:

Source market fees paid by out-of-state simulcast facilities

 

Assumptions:

The Pari-Mutuel Commission assumes $2 million in gross receipts of all pari-mutuel wagering by Wyoming residents conducted by such persons at out-of-state simulcast facilities.  The above estimates also assume the source market fees are 10 percent of gross receipts.  However, the actual percent collected may be lower. 

 

The proposed legislation specifies that source market fees will be distributed as follows: 75 percent to the live flat track permittees in this state to enhance purses at those tracks; 10 percent to in-state simulcast permittees; 10 percent to the breeder award fund; and 5 percent to the Pari-Mutuel Commission for administrative expenses.

 

 

 

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

 

Wyoming Pari-Mutuel Commission

 

 

 

 

Prepared by:   Lisa Jeremiah, LSO               Phone: 777-7881

(Information provided by Charles E. Moore, Wyoming Pari-Mutuel Commission, phone 265-4015)