Notice of Introduction for Senate Bill 5587 - Update: 10 Year Analysis Complete

Office of Financial Management

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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
Year

   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