Notice of Introduction for Senate Bill 5587 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2023 11:38 AM PDT
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SB 5587, titled AN ACT Relating to authorizing sports wagering at cardrooms and racetracks, has been introduced in the Senate. 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 |
Sports wagering excise tax |
|
|
|
||
|
2024 |
$0 |
|
|
2025 |
$500,000 |
|
|
2026 |
$900,000 |
|
|
2027 |
$1,400,000 |
|
|
2028 |
$1,900,000 |
|
|
2029 |
$2,000,000 |
|
|
2030 |
$2,000,000 |
|
|
2031 |
$2,100,000 |
|
|
2032 |
$2,100,000 |
|
|
2033 |
$2,200,000 |
|
|
|
||
|
Total: |
$15,100,000 |
|
Ten-year projection prepared in consultation with the following agencies:
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
Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp