Notice of Public Hearing for Senate Bill 5212 - Update: 10 Year Analysis Completed
Office of the Governor / Office of Financial Management sent this bulletin at 02/09/2021 11:51 AM PST
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SB 5212, titled AN ACT Relating to authorizing sports wagering at cardrooms and racetracks, has been scheduled for a public hearing by the Senate Committee on Labor & Commerce.
Date and Time: 02/04/2021 8:00AM (Subject to change by the Legislature.)
Location: , Virtual, ,
The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.
Ten-year projection:
|
Fiscal |
Gambling License Fees |
Sports wagering excise tax |
Total |
|
|
|
||||
|
2022 |
$ 6,824,993 |
$ 1,000,000 |
$ 7,824,993 |
|
|
2023 |
3,662,257 |
2,400,000 |
$ 6,062,257 |
|
|
2024 |
3,662,257 |
2,400,000 |
$ 6,062,257 |
|
|
2025 |
3,662,257 |
2,500,000 |
$ 6,162,257 |
|
|
2026 |
3,662,257 |
2,500,000 |
$ 6,162,257 |
|
|
2027 |
3,662,257 |
2,600,000 |
$ 6,262,257 |
|
|
2028 |
3,662,257 |
2,600,000 |
$ 6,262,257 |
|
|
2029 |
3,662,257 |
2,700,000 |
$ 6,362,257 |
|
|
2030 |
3,662,257 |
2,800,000 |
$ 6,462,257 |
|
|
2031 |
3,662,257 |
2,800,000 |
$ 6,462,257 |
|
|
|
||||
|
Total: |
$ 39,785,306 |
$ 24,300,000 |
$ 64,085,306 |
|
Ten-year projection prepared in consultation with the following agencies:
Washington State Gambling Comm
Department of Revenue
Bill sponsors and contact information:
Senator Curtis King, Prime Sponsor
Republican
(360) 786-7626
Curtis.King@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
Marko.Liias@leg.wa.gov
Senate Committee on Labor & Commerce members and contact information:
Senator John Braun
Republican
(360) 786-7638
john.braun@leg.wa.gov
Senator Steve Conway
Democrat
(360) 786-7656
steve.conway@leg.wa.gov
Senator Jim Honeyford
Republican
(360) 786-7684
Jim.Honeyford@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
Karen.Keiser@leg.wa.gov
Senator Curtis King
Republican
(360) 786-7626
Curtis.King@leg.wa.gov
Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov
Senator Derek Stanford
Democrat
(360) 786-7600
Derek.Stanford@leg.wa.gov
Senator Maureen Walsh
Republican
(360) 786-7630
Maureen.Walsh@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
Lisa.Wellman@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp