COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3192-01
Bill No.: HB 1402
Subject: Gambling
Type: Original
Date: January 2, 2008
Bill Summary: Requires excursion gambling boats to deposit money from jackpots won by gamblers who have voluntarily excluded themselves from gambling boats into the Compulsive Gamblers Fund.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
|||
FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
|
|
|
|
|
|
|
|
Total Estimated Net Effect on General Revenue Fund |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON OTHER STATE FUNDS |
|||
FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
Compulsive Gamblers Fund |
Under $100,000 |
Under $100,000 |
Under $100,000 |
|
|
|
|
Total Estimated Net Effect on Other State Funds |
Under $100,000 |
Under $100,000 |
Under $100,000 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
ESTIMATED NET EFFECT ON FEDERAL FUNDS |
|||
FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
|
|
|
|
|
|
|
|
Total Estimated Net Effect on All Federal Funds |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE) |
|||
FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
|
|
|
|
|
|
|
|
Total Estimated Net Effect on FTE |
0 |
0 |
0 |
☐ Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).
☐ Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).
ESTIMATED NET EFFECT ON LOCAL FUNDS |
|||
FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
Local Government |
$0 |
$0 |
$0 |
FISCAL ANALYSIS
ASSUMPTION
Officials from the Missouri Gaming Commission (GAM) state this legislation will result in an indeterminable increase to GAM’s Compulsive Gamblers Fund. Jackpot winnings are considered “non bets” and as such there is currently no documented information related to the subject. Based on anecdotal information, however, GAM believes the total amount of revenue generated to the Compulsive Gambler Fund per year will be less than $100,000 for all eleven casinos now licensed in Missouri.
Oversight will utilize GAM’s estimate of up to $100,000 annual increase to the Compulsive Gamblers Fund as a result of this proposal.
This proposal may increase Total State Revenues.
FISCAL IMPACT - State Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
COMPULSIVE GAMBLERS FUND |
|
|
|
Income - Missouri Gaming Commission from jackpot winnings of person who has voluntarily excluded himself or herself |
Under $100,000 |
Under $100,000 |
Under $100,000 |
|
|
|
|
ESTIMATED NET EFFECT TO THE COMPULSIVE GAMBLERS FUND |
UNDER $100,000 |
UNDER $100,000 |
UNDER $100,000 |
|
|
|
|
|
|
|
|
FISCAL IMPACT - Local Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
|
|
|
|
|
$0 |
$0 |
$0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
This bill requires excursion gambling boats to deposit money from jackpots won by gamblers who have voluntarily excluded themselves from gambling boats into the Compulsive Gamblers Fund. Money in the fund is to be used for prevention, treatment, and education of problem gamblers.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Missouri Gaming Commission
Mickey Wilson, CPA
Director
January 2, 2008