Notice of Completion: The 10 Year Analysis for House Bill 1674 is Complete

Office of Financial Management

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UPDATE: The 10 year analysis for HB 1674, titled AN ACT Relating to authorizing sports wagering at cardrooms and racetracks, has been completed. 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
Year

   Gambling License Fees

   Gambling Tax

Total

 

2022

$0

$0

$0

2023

$6,824,993

$0

$6,824,993

2024

$3,662,257

$500,000

$4,162,257

2025

$3,662,257

$900,000

$4,562,257

2026

$3,662,257

$1,400,000

$5,062,257

2027

$3,662,257

$2,000,000

$5,662,257

2028

$3,662,257

$2,000,000

$5,662,257

2029

$3,662,257

$2,000,000

$5,662,257

2030

$3,662,257

$2,100,000

$5,762,257

2031

$3,662,257

$2,100,000

$5,762,257

 

Total:

$36,123,049

$13,000,000

$49,123,049


Ten-year projection prepared in consultation with the following agencies:

Washington State Gambling Comm
Department of Revenue
Department of Commerce


Bill sponsors and contact information:

Representative Amy Walen, Prime Sponsor
Democrat
(425) 883-3366
WALEN_AM@leg.wa.gov

Representative Larry Hoff
Republican
(360) 419-5592
HOFF_LA@leg.wa.gov

Representative Matt Boehnke
Republican
(509) 315-2315
BOEHNKE_MA@leg.wa.gov

Representative Brandon Vick
Republican
(564) 888-2271
brandon.vick@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp