FISCAL NOTE
Date Requested: February 20, 2016 Time Requested: 01:34 PM |
Agency: |
Lottery Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2810 |
Introduced |
SB641 |
|
CBD Subject: |
Legal Gaming |
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|
FUND(S):
State Excess Lottery Fund
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
A fiscal note for this bill related to greyhound racing was submitted by the Racing Commission on February 23, 2016. Accordingly, the Lottery believes that the Racing Commission is the appropriate agency to submit this fiscal note, and, includes the cost and revenue figures below that were provided by the Racing Commission that are believed to be true and accurate.
Note: The Lottery administers all transfers from the State Excess Lottery Fund as directed by statute.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2016 Increase/Decrease (use"-") |
2017 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
0 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
21,209,810 |
11,009,860 |
Explanation of above estimates (including long-range effect):
Please see above
Memorandum
N/A- Lottery is not the appropriate agency to analyze this bill as it does not regulate racing.
Person submitting Fiscal Note: Danielle Boyd, WV Lottery General Counsel
Email Address: dboyd@wvlottery.com