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


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