FISCAL NOTE
Date Requested: February 28, 2019
Time Requested: 11:50 AM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3024 |
Introduced |
HB2934 |
|
|---|
| CBD Subject: |
Legal Gaming |
|---|
|
FUND(S):
Lottery
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Fund: West Virginia Lottery Interactive Wagering Fund
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.
HB2934 allows interactive gaming defined as wagering on computerized games or virtual versions of any game of chance or digital simulation such as casino themed slot simulations or table games.
Projected review from these activities may generate, based upon a privilege tax rate of 10%, revenue in the range of 1.4 to 2.6 million in the first year with modest increases in subsequent years. Upon full implementation, revenues may reach the range of 2.3 to 5.8 million.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2019
Increase/Decrease
(use"-") |
2020
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 |
0 |
0 |
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.
N/A
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.
HB2934, as proposed, may violate the Federal Wire Act based upon a published interpretation of that statute by the Office of Legal Counsel in the U.S. Department of Justice made public on January 14, 2019. This interpretation expands the prohibitions on wagering across state lines from sports betting to all gambling activity.
Person submitting Fiscal Note: Tracy L. Webb, General Counsel
Email Address: twebb@wvlottery.com