Bill Text: DE HB174 | 2013-2014 | 147th General Assembly | Draft
Bill Title: An Act To Amend Title 29 Of The Delaware Code Relating To Proceeds From Internet Wagering.
Spectrum: Moderate Partisan Bill (Democrat 11-3)
Status: (Introduced - Dead) 2013-06-19 - Reported Out of Committee (GAMING & PARIMUTUELS) in House with 7 On Its Merits [HB174 Detail]
Download: Delaware-2013-HB174-Draft.html
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SPONSOR: |
Rep. Barbieri & Sen. Ennis |
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Reps. Bennett, Brady, Jaques, Q. Johnson, Keeley, Kowalko, Paradee, Ramone, D. Short, Spiegelman; Sen. Blevins, Hall-Long |
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HOUSE OF REPRESENTATIVES 147th GENERAL ASSEMBLY |
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HOUSE BILL NO. 174 |
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AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO PROCEEDS FROM INTERNET WAGERING. |
Section 1.Amend §4815(e), Title 29, of the Delaware Code by making insertions as shown by underlining and deletions as shown by strike through as follows:
(e) Gross revenue from the Internet video lottery and Internet table games shall be accounted for to the State Treasurer and all proceeds, net of moneys returned to players, shall be placed into a special account known as the State Internet Lottery Fund. From the Fund, the Director shall first pay for the operation and administration of the Internet video lottery and Internet table games. Thereafter, the first $3,750,000 of proceeds in each fiscal year shall be transferred to the State Lottery Fund for the benefit of the State. After $3,750,000 of proceeds has been transferred to the State each fiscal year, the remaining proceeds shall be distributed as follows:
(1) The proceeds from the sales of Internet video lottery games shall be distributed pursuant to subsections (b)(2) and (b)(3) of this section, provided that the calculations for such distribution shall be done after netting out the proceeds returned to players and administrative and vendor costs; and
(2)
The proceeds from the sales of Internet table games shall be distributed
pursuant to subsection (d) of this section, net of proceeds returned to
players, provided that the calculations for such distribution shall be done
after netting out the proceeds returned to players and administrative and
vendor costs.
(2) The proceeds from the sales of Internet table games shall be distributed as follows:
a. The State – Proceeds returned to the State shall be distributed pursuant to subsection (d)(1) of this section;
b. Purses – 1. For video lottery agents licensed only to conduct harness racing meets under Chapter 100 of Title 3, such agents shall be paid and shall pay additional purses to be applied under the direction of the Delaware Harness Racing Commission to purses for races conducted at such agent's racetrack in accordance with § 10048 of Title 3, in an amount calculated as follows, net of proceeds returned to players:4.5% of the first $50,000,000 of the Internet table game proceeds to purses, 8% of the next $12,000,000 of the Internet table game proceeds to purses and an additional 1% of proceeds to fund the Delaware Standardbred Breeder's Fund; 9% of the Internet table game proceeds in excess of $62,000,000 to purses and an additional 1.75% of proceeds above $62,000,000 to fund the Delaware Standardbred Breeder's Program; provided that the calculations for such distribution shall be done after netting out the proceeds returned to players and administrative and vendor costs.
2.For video lottery agents licensed only to conduct horse racing meets under Chapter 101 of Title 3 or Chapter 4 of Title 28, such agents shall be paid and shall pay additional purses to be applied under the direction of the Delaware Thoroughbred Racing Commission for races conducted at such agent's racetrack in accordance with §10148 of Title 3 or § 427 of Title 28, as appropriate, in an amount calculated as follows, net of proceeds returned to players:4.5% of the first $50,000,000 of the Internet table game proceeds to purses, 8% of Internet table game proceeds in excess of $50,000,000 to purses and an additional 1% of proceeds in excess of $50,000,000 to fund the Delaware Certified Thoroughbred Program; provided that the calculations for such distribution shall be done after netting out the proceeds returned to players and administrative and vendor costs.
3.For video lottery agents licensed to conduct both harness racing meets under Chapter 100 of Title 3 and horse racing meets under Chapter 101 of Title 3 or Chapter 4 of Title 28, such agents shall be paid and shall pay additional purses to be applied under the direction of the Delaware Harness Racing Commission and Delaware Thoroughbred Racing Commissionas appropriatepursuant to the formulae set forth in (e)(2)b.1. and (e)(2)b.2. of this section, for races conducted at such agent's racetrack based on the ratio of live horse racing days to total live racing days and live harness racing days to total live racing days, provided that the calculations for such distribution shall be done after netting out the proceeds returned to players and administrative and vendor costs.
(3) The proceeds remaining after the payments in subsection (e) and paragraphs (e)(1) and (e)(2) of this subsection shall be paid to video lottery agents as their commission, provided that the calculations for such distribution shall be done after netting out the proceeds returned to player and administrative and vendor costs.
SYNOPSIS
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This bill provides that a portion of the proceeds from the Internet table games will support harness and horse racing purses at the same percentages that they are supported by slots at the casinos. |
