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IN HB1662
Bill
Status
1/24/2019
Primary Sponsor
Beau Baird
Click for details
AI Summary
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Authorizes video gaming terminals at bars licensed for on-premises alcohol consumption, truck stops (in counties without riverboats), and fraternal/veteran organization establishments, with a maximum of 5 terminals per location (10 for truck stops)
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Imposes a 30% wagering tax on adjusted gross receipts, with revenue split: 35% to the municipality, 35% to the county, and 30% to the state general fund
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Establishes a tiered licensing system with initial fees ranging from $500 for establishments to $25,000-$35,000 for manufacturers, distributors, suppliers, and operators depending on residency status
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Limits the number of establishment licenses per county based on population thresholds (ranging from 1 license per establishment type in counties under 30,000 to 5 licenses in counties over 90,000), awarded by random lottery
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Sets wagering restrictions including a $2 maximum bet per game, $599 maximum payout per hand, and requires terminals to pay out between 80-95% over their service life
Legislative Description
Video gaming terminals. Authorizes wagering on video gaming terminals in certain establishments. Requires the gaming commission to issue video gaming licenses based on the population of the county and the type of establishment. Establishes a licensing structure for participants in video gaming. Imposes a video gaming wagering tax of 30% of adjusted gross receipts.
Last Action
First reading: referred to Committee on Public Policy
1/24/2019