DE SB30 | 2015-2016 | 148th General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 29 2015 - 25% progression, died in committee
Action: 2015-01-29 - Assigned to Finance Committee in Senate
Pending: Senate Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on January 29 2015 - 25% progression, died in committee
Action: 2015-01-29 - Assigned to Finance Committee in Senate
Pending: Senate Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Summary
This Bill implements the recommendations of the Lottery & Gaming Study Commission adopted on January 22, 2015. The revenue sharing model is being adjusted in a way that allows the State to continue to benefit from video lottery proceeds, allows for continued employment and horse racing at the State’s three video lottery facilities, allows for the reinvestment of capital in those facilities to enable them to compete and remain vibrant tourism enterprises for the State, and allows the facilities to earn a fair return on their investment. Effective July 1, 2015, all video lottery equipment costs will be deducted prior to calculation of the State’s share of revenue. Effective July 1, 2015, the State’s share of gross table game revenues is revised to 15% and the table game license fee is eliminated. Effective July 1, 2015, purses paid to the horsemen shall be increased by 1% of video lottery proceeds by a reduction in the State’s share. Effective July 1, 2016, video lottery agents shall receive a credit of up to 5% of video lottery proceeds to pay for marketing expenditures and up to 5% to pay for capital expenditures.
Title
An Act To Amend Title 29 Of The Delaware Code Relating To Lotteries.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-29 | Senate | Assigned to Finance Committee in Senate |
