HB208 Summary

• Proposes a constitutional amendment to Section 65 of the Alabama Constitution to authorize and regulate gaming at one county-licensed facility and at the four existing racetracks where pari-mutuel wagering is currently legal.

• Imposes a 13 percent state gross receipts tax on gaming revenue, plus an additional 1 percent tax on owned gaming equipment, and a 1 percent local gross receipts tax paid to counties and municipalities.

• Levies a 4 percent tax on gaming equipment vendors based on gross revenues from leases or revenue-sharing arrangements with gaming operators.

• Creates the Alabama Gaming Commission with five members appointed by state officials to implement, regulate, and administer covered games; issues 20-year initial licenses to gaming operators with automatic 5-year renewals thereafter.

• Authorizes the Governor to negotiate a gaming compact with the Poarch Band of Creek Indians for three existing gaming locations and requires the Legislature to convene within 30 days of the amendment's effective date to pass implementing legislation.