General Bill
Video Lotteries :
Establishes the regulation of video lotteries and defines essential components of the video lottery, including games, terminal, vendor, net terminal income, and retailer; provides that the Department of the Lottery must have video lottery terminals in place by October 1, 2004; provides for duties of the department in regulating video lottery licensees and collecting revenue; provides for emergency rulemaking on the regulation of the retailers, specifications for terminals, and the regulation of vendors; provides for minimum age of 18 to operate video games and the placing of appropriate signage; provides for the location of operation for video lottery games to be at the retailer's pari-mutuel facility; specifies that the retailer must have conducted a full schedule of live racing or games in the prior year or be authorized to receive broadcasts of horse races; gives the department authority to suspend and fine any noncompliant retailer and gives the retailer authority to determine the number of terminals, dates and hours of play, mix of games available, utilization of the type of currency, location and movement of terminals on the premises, staffing, and minimum and maximum betting amounts with the range of 88 percent and 95 percent; provides that the department may grant a greater payout percentage provided that the total annual payout of the facility is not greater than 95 percent; provides for the allocation of net terminal income with 42 percent going to Education, 0.75 percent going to the Administrative Trust Fund, with 25 percent of the 0.75 percent going to the Department of Children and Family Services for a compulsive gambling program, and 57.25 percent going for compensation for the permitholders, less 8.25 percent of the net terminal income going for purses; provides for criminal penalties for intentional manipulation of the terminals and for the licensure of video lottery terminal vendors; provides that a video lottery terminal will not change the character of the pari-mutuel facility for local zoning purposes; provides for requirements for the terminals and for a terminal training program; requires signage alerting contact for gambling problems; provides for a caterer's license when video lottery terminals are operating; requires pari-mutuel permitholders to pay an annual $2 million fee in order to be a video lottery retailer; requires that the $2 million fee be deposited into the Educational Enhancement Trust Fund and be available to be bonded for school capital facilities construction; credits the $2 million annual fee back to the permitholder out of the Video Lottery Administration Trust Fund on a weekly basis until the total $2 million is credited; provides that weekly credits may not exceed $100,000 per week, per permitholder; allows a pari-mutuel permitholder who applied for a pari-mutuel permit between January 1, 2004, and March 1, 2004, and has conducted a full schedule of live races or games to apply to be a video lottery retailer once the permit is granted.
Effective Date:
upon becoming a law
Last Event:
Died in Subcommittee on Gaming & Pari-mutuels on Friday, April 30, 2004 11:40 PM
| Bill #
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Subject
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Relationship
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Bill #:
HB 1575
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Subject:
Video Lottery Administrative Trust Fund
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Relationship:
Linked
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Bill #:
HB 1595
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Subject:
Video Lottery Purse Trust Fund
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Relationship:
Linked
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Bill #:
SB 2354
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Subject:
Video Lotteries
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Relationship:
Similar
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Bill #:
SB 2634
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Subject:
Video Lotteries
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Relationship:
Similar
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Bill #:
SB 2356
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Subject:
Video Lottery Administrative TF
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Relationship:
Compare
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Bill #:
SB 2358
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Subject:
Video Lottery Purse Trust Fund
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Relationship:
Compare
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