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Bill Status of HB5975 96th General Assembly
Short Description: HORSE RACING-ELECTRONIC GAMING
House Sponsors
Rep. William D. Burns - Mark H. Beaubien, Jr. - Edward J. Acevedo - JoAnn D. Osmond - Thomas Holbrook, Jim Sacia, Suzanne Bassi and Mike Boland
Last Action
| Date | Chamber | Action | | 1/11/2011 | House | Session Sine Die |
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Horse Racing Act of 1975 and the Riverboat Gambling Act. Authorizes the conduct of electronic gaming by an organization licensee under the Illinois Horse Racing Act of 1975 at a race track. Provides for administration and enforcement of electronic gaming by the Illinois Gaming Board. Pre-empts home rule with regards to the regulation and licensing of electronic gaming and electronic gaming licensees. Makes other changes. Amends various other Acts to make conforming changes. Effective immediately.
| | Judicial Note (Admin Office of the Illinois Courts) | | | HB 5975 would neither increase nor decrease the number of judges needed in the State. |
| | Home Rule Note (Dept. of Commerce & Economic Opportunity) | | | HB 5975 does pre-empt home rule authority. |
| | State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) | | | HB 5975 does not create a State mandate. |
| | Pension Note (Government Forecasting & Accountability) | | | HB 5975 will have no fiscal impact on any pension fund or retirement system in Illinois. |
| | State Debt Impact Note (Government Forecasting & Accountability) | | | HB 5975 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. The Commission estimates that electronic gaming at horse tracks will generate approximately $177.5 million in recurring tax revenues. Of this amount, $37 million would go to local governments, $18.1 million would go to horse racing related funds, and the remaining $122.5 million would go into the Capital Projects Fund. The Capital Projects Fund is used to pay for capital projects and for debt service on bonds. |
| | Housing Affordability Impact Note (Housing Development Authority) | | | This bill will have no effect on the cost of constructing, purchasing, owning , or selling a single-family residence. |
| | Fiscal Note (Dept. of Revenue) | | | Deposits to the State Gaming Fund will be divided between the Capital Projects Fund, Colt Stakes Purse Distribution Fund, Illinois Thoroughbred Breeders Fund, and Grants to NonProfits and Medical and Family Counseling services. Bast case and worst case scenarios selected from four separate scenarios that were constructed based on averages from racinos in Midwestern states, the National average, Louisiana (because of the presence of both casino gaming and widespread video gaming in addition to racinos) and Florida (because it has a large population and Native American casinos operate alongside racinos). The State share of the aggregate of gross gaming receipts tax and admissions tax is summarized by fund as follows: (1) Capital Projects Fund, High = $59,310,000.00, Low $36,520,000.00; (2) Illinois Colt Stakes Purse Distribution Fund, High $7,500,000.00, Low $5,470,000.00; (3) Illinois Thoroughbred Breeders Fund, High $9,280,000.00, Low $2,390,000.00; (4) grants to nonprofits and medical and family counseling, High $1,250,000.00, Low $1,250,000.00. Additionally, prior to racinos beginning operation, the State can expect to receive $45.2 million in fees from licenses and electronic gaming devices from the Capital Projects Fund. Four years after the license is granted a second payment of 25 percent of the highest 12 months of AGR in the past four years less the original license fee paid per machine will be remitted to the State. The amount expected is between $27.7 million and $54.7 million. |
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