DE HB389 | 2009-2010 | 145th General Assembly
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on May 4 2010 - 25% progression, died in chamber
Action: 2010-05-12 - Reported Out of Committee (GAMING & PARIMUTUELS) in House with 4 Favorable, 2 On Its Merits
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on May 4 2010 - 25% progression, died in chamber
Action: 2010-05-12 - Reported Out of Committee (GAMING & PARIMUTUELS) in House with 4 Favorable, 2 On Its Merits
Text: Latest bill text (Draft #1) [HTML]
Summary
This act creates a new class of gaming institution in Delaware through exclusive authorization of a limited lottery license. A limited lottery license can only be granted to a private club with no more than 5,000 members with a minimum membership fee of $10,000. A limited lottery license expressly prohibits the licensee from operating video lottery machines, restricting gaming activity to table games and sports lottery machines operated exclusively for the enjoyment of members and their guests. This act benefits the State of Delaware through a one-time $1,000,000 license fee payable immediately upon issuance of the limited lottery license; an estimated $2,000,000 per year in direct gaming tax revenue; millions more in corporate taxes generated by non-gaming operations within the private club receiving the license; at least 150 permanent new jobs, plus hundreds more in construction and start-up efforts, and the resulting employment and city wage taxes; exposure to a unique class of the most elite corporate and financial leaders, international travelers, and high-dollar tourists drawn to the only private gaming club in the United States. The limited gaming license brings to Delaware a new class of gaming consumer that would never be drawn to traditional casinos in the state - consumers willing to pay for the exclusivity and customer service available only through a private club. By prohibiting video lottery machines, the limited gaming license poses no direct competition to Delaware casinos. And by making Delaware the first state to offer private gaming to this small but highly desirable market segment, this act gives Delaware a permanent competitive advantage relative to Maryland, Pennsylvania, and New Jersey in the regional gaming market.
Title
An Act To Amend Title 29 Of The Delaware Code Relating To Lotteries.
Sponsors
Rep. Michael Barbieri [D] | Rep. Gerald Brady [D] | Sen. Margaret Henry [D] | Rep. John Mitchell [D] |
Rep. John Viola [D] | Rep. D.E. Williams [D] |
History
Date | Chamber | Action |
---|---|---|
2010-05-12 | Reported Out of Committee (GAMING & PARIMUTUELS) in House with 4 Favorable, 2 On Its Merits | |
2010-05-12 | Amendment HA 2 - Introduced and Placed With Bill | |
2010-05-06 | Amendment HA 1 - Introduced and Placed With Bill | |
2010-05-04 | Introduced and Assigned to Gaming & Parimutuels Committee in House |