Notice of Completion: The 10 Year Analysis for House Bill 1674 is Complete
Office of the Governor / Office of Financial Management sent this bulletin at 03/22/2022 10:06 PM PDT
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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 |
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