Date Requested: February 06, 2015
Time Requested: 02:56 PM
Agency: Racing Commission
CBD Number: Version: Bill Number: Resolution Number:
2823 Introduced SB434
CBD Subject: Legal Gaming


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.

    The bill calls for a reduction in the minimum number of Live Race Days a thoroughbred racetrack is required to conduct to 185, previously 210. Such reduction would result in a decrease in State revenue by $31,250. There is no resulting increase/decrease to State cost.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
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 -31,250 -31,250

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

    The decrease in revenue is calculated by multiplying the State Share of Pari-mutuel Wagering ($1,000 per race day) and the Daily License Tax ($250 per race day) by the reduction of 25 race days.



    Person submitting Fiscal Note: Joe Moore
    Email Address: