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HI HB2762
Bill
Status
1/24/2024
Primary Sponsor
Daniel Holt
Click for details
AI Summary
HB2762 Summary
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Authorizes limited casino gaming at a single integrated resort on Office of Hawaiian Affairs lands on Oahu (excluding areas west of Ko Olina), with operations requiring a 40-year gaming license renewable for 20-year terms.
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Establishes the Hawaii Gaming Commission as a five-member regulatory body with powers to license gaming operations, conduct investigations, issue occupational and supplier licenses, and enforce gaming regulations.
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Imposes a 45% wagering tax on gross gaming revenue, with proceeds divided among the casino gaming special fund (administered by OHA), state general fund, and state gaming fund (for compulsive gambling programs, Native Hawaiian job training, and infrastructure improvements).
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Requires the gaming licensee to invest at least $200,000,000 in resort development, create partnerships with educational institutions for Native Hawaiian job training, and prohibit wagering on Hawaii collegiate athletics.
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Appropriates $5,000,000 from the general fund for fiscal year 2024-2025 to fund the Hawaii Gaming Commission, with reimbursement from the gaming licensee upon casino opening.
Legislative Description
Relating To Gaming.
Appropriation
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC/JHA with Representative(s) Amato, Chun, Garrett, Hussey-Burdick, Ichiyama, Kila, Matsumoto, Poepoe, Souza, Takayama voting aye with reservations; Representative(s) Alcos, Garcia, Kapela, Kobayashi, Lowen, Marten, Matayoshi, Perruso, Pierick, Quinlan, Tam voting no (11) and Representative(s) Nakashima, Nishimoto, Sayama, Ward excused (4).
2/8/2024