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Wyoming lottery for education. |
11LSO-0098.L3 |
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FISCAL NOTE
The fiscal impact, in the form of increased revenues from lottery ticket sales, is indeterminable.
This bill creates the Wyoming Lottery Corporation (Corporation), a public corporation which shall be deemed an instrumentality of the state, and not a state agency. Revenues from lottery ticket sales shall initially go the Corporation. The Corporation is responsible for payment of operating expenses (all costs of doing business, including but not limited to retailer commissions, advertising and marketing costs, personnel costs, capital costs, depreciation of property and equipment and other operating costs). The Corporation shall provide for compensation to lottery retailers in the form of commissions of not less than 6 percent of gross sales, and may provide for other forms of compensation for services rendered in the sale or cashing of lottery tickets or shares.
As nearly as practical, at least 45 percent of the net proceeds (all revenue derived from the sale of lottery tickets or shares less operating expenses, but not including sales from video lottery terminals) shall be made available as prize money. Of the annual net proceeds from video lottery games attributable to retailers located at pari-mutuel facilities, 1 percent shall be paid to the Pari-Mutuel Commission to enhance breeder awards, one-half percent shall be paid to the Pari-Mutuel Commission for general operations, 1 percent shall be paid to the Pari-Mutuel Commission to fund annual grants for use in hosting, marketing and capital expenditures for equestrian events at state and county fairgrounds and licensed pari-mutuel facilities in Wyoming, and one-half percent shall be paid in equal shares to county governments where pari-mutuel events are located.
On or before the 15th day of each quarter, the Corporation shall transfer to the State Treasurer the amount of all net proceeds minus prizes paid during the preceding quarter. These funds shall be credited to the Lottery for Education Account. Funds in the Lottery for Education Account shall only be appropriated to the Hathaway Scholarship Endowment Fund.
Video lottery terminals may only be located at pari-mutuel horse racetracks in the state, where the retailer is licensed by the Wyoming Pari-mutuel Commission, where live races are conducted at locations which meet the requirements set forth in the bill (W.S. 21-24-114(g)). There can be no more than 4 facilities in the state which have video lottery terminals on the premises. According to the Wyoming Pari-mutuel Commission, there is currently one facility in the state which could qualify as a video lottery terminal location. Video lottery terminal retailers shall pay an initial application fee of $1 million for each pari-mutuel race track where video lottery terminals will be located. The Corporation shall provide for the compensation to video lottery terminal retailers in the form of commission of not less than 58 percent of gross sales, and may provide for other forms of compensation for services rendered in the sale or cashing of lottery tickets or shares. Video lottery terminal retailers shall provide 4 percent of their commission to a segregated purse account to supplement purses at the pari-mutuel race track facility where the video lottery terminals are located.
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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: Pari-Mutuel Commission Attorney General – Division of Criminal Investigation |
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Charles Moore, Pari-Mutuel Commission; (307) 265-4015;
Elizabeth Gagen, A.G.’s Office; 777-7841; Kevin Smith, DCI; 777-7181)
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