HF1511 Summary: Lawful Gambling Modifications

• Raises the financial audit requirement threshold for organizations from $300,000 to $500,000 in gross receipts, with lower-threshold audits permitted at commissioner discretion based on compliance violations.

• Changes organization licenses from two-year terms to perpetual licenses unless revoked or suspended by the board, and introduces a monthly regulatory fee of 0.1 percent of gross receipts.

• Establishes a five-star rating system for organizations based on percentage of gross profits spent on lawful purposes, with automatic probation for organizations spending less than 30 percent annually.

• Increases civil penalty caps from $500 to $1,000 per violation and adds new provisions regulating linked bingo game providers, including bond requirements and fee schedules for services.

• Modifies requirements for off-site permits, gambling manager qualifications (reducing active membership requirement from two years to six months), and bingo card specifications while clarifying age restrictions for participation.