FISCAL NOTE

Date Requested: February 09, 2018
Time Requested: 12:57 PM
Agency: Lottery Commission, WV
CBD Number: Version: Bill Number: Resolution Number:
2494 Introduced HB4484
CBD Subject: Legal Gaming


FUND(S):

State Excess Lottery Fund

Sources of Revenue:

Special Fund

Legislation creates:

Increases Revenue From Existing Sources, Creates New Expense, Increases Existing Expenses



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
    
    The intent of this bill appears to be the same as the other bills introduced that eliminated all purse funds and development funds to the dog tracks except that the sponsors have amended that bill so that this elimination is only applicable to Mardi Gras, however, what is assumed to be a technical error would result in elimination of RVL purse money to greyhound racing at Wheeling Island. More specifically, it appears they forgot to amend the section for RVL purses so the only Lottery money going to purses is table games money—which is probably only about $600,000 or so.
    
    The fiscal impact is as follows:
    
    Admin Dollars to be transferred to Racing Commission: 1,311,101.00 *This would increase admin for the racing commission. However, because this amount is not specified using the language "actual costs and expenses" the Lottery would essentially lose double this amount in administrative funds because we would have to surplus this same amount at the end of the year**.
    ** Total Impact to the Lottery admin (2,622,202.00)
    
    
    
    New money available for appropriation: 8,663,246.00
    Less money taken away for code section change impacted by HB 101:(466,228.00)
    
    Total new money available for appropriation: 8,197,018.00
    
    Appropriated dollars available for other uses: 1,250,457.00
    
    
    Purse dollars available for live racing at Wheeling:
    
    Appropriated: 2,295,538.00
    Statutory Table Games: 102,857.00
    
    Total available: 2,398,395.00
    
    Purse dollars redirected due to technical error in bill: 4,354,562.00
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 2,622,202 2,622,202
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 0 9,447,475


Explanation of above estimates (including long-range effect):


    Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
    
    The intent of this bill appears to be the same as the other bills introduced that eliminated all purse funds and development funds to the dog tracks except that the sponsors have amended that bill so that this elimination is only applicable to Mardi Gras, however, what is assumed to be a technical error would result in elimination of RVL purse money to greyhound racing at Wheeling Island. More specifically, it appears they forgot to amend the section for RVL purses so the only Lottery money going to purses is table games money—which is probably only about $600,000 or so.
    
    The fiscal impact is as follows:
    
    Admin Dollars to be transferred to Racing Commission: 1,311,101.00 *This would increase admin for the racing commission. However, because this amount is not specified using the language "actual costs and expenses" the Lottery would essentially lose double this amount in administrative funds because we would have to surplus this same amount at the end of the year**.
    ** Total Impact to the Lottery admin (2,622,202.00)
    
    
    
    New money available for appropriation: 8,663,246.00
    Less money taken away for code section change impacted by HB 101:(466,228.00)
    
    Total new money available for appropriation: 8,197,018.00
    
    Appropriated dollars available for other uses: 1,250,457.00
    
    
    Purse dollars available for live racing at Wheeling:
    
    Appropriated: 2,295,538.00
    Statutory Table Games: 102,857.00
    
    Total available: 2,398,395.00
    
    Purse dollars redirected due to technical error in bill: 4,354,562.00



Memorandum


    Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
    
    Please see explanations above concerning the impact to Lottery administrative dollars, and the impact of what is assumed to be a technical error on the amount of money Wheeling Island receives for dog racing.



    Person submitting Fiscal Note: Danielle Boyd, Managing General Counsel
    Email Address: dboyd@wvlottery.com