S.B. 1321 Summary

• Authorizes a single forty-year gaming license for an integrated resort on Hawaiian home lands designated for commercial use on Oahu (excluding lands west of Ko Olina), renewable for additional twenty-year terms if performance commitments are met.

• Establishes the Hawaii Gaming Commission as a five-member body to regulate all casino gaming operations, with members appointed by the governor and including representatives with expertise in finance, law enforcement, gaming policy, and native Hawaiian affairs.

• Imposes a 45% wagering tax on gross gaming revenues, with 75% directed to the Hawaiian home operating fund, 5% to the Native Hawaiian rehabilitation fund, 15% to the state general fund, and 5% to the state gaming fund.

• Requires the gaming licensee to invest at least $200 million to develop and construct the resort and prohibits wagering on Hawaii collegiate athletics; restricts gaming to in-person wagers only at the resort location.

• Appropriates $5 million from the Hawaiian home lands trust fund for fiscal years 2021-2022 and 2022-2023 to fund commission operations, with the gaming licensee reimbursing this amount upon opening.