Loading chat...
MN HF2501
Bill
Status
2/27/2012
Primary Sponsor
Tom Hackbarth
Click for details
AI Summary
Bill Summary: HF2501
-
Authorizes State Lottery director to establish gaming machines at licensed racetracks through location contracts, with compensation to racetracks ranging from 45-60% of adjusted gross gaming machine revenue depending on revenue levels.
-
Creates Minnesota First fund dedicated to: financing and construction of Minnesota Vikings stadium at former Twin Cities Army Ammunitions Plant site; financing St. Paul Saints ballpark; and increasing school district aid payments and education funding.
-
Imposes 1% tax on gaming machine revenue for compulsive gambling treatment and education, with remaining revenue deposited in Minnesota First fund.
-
Increases lawful gambling tax rate from 8.5% to 9% effective July 1, 2012, and expands electronic gaming options including linked bingo games on electronic devices and electronic pull-tab dispensing devices with specific operational restrictions.
-
Requires gaming machines to be owned/operated by lottery with racetrack bearing facility expenses; establishes security oversight by racing commission; and imposes revenue-based fee structure with tiered percentages for state compensation.
Legislative Description
State Lottery director authorized to establish gaming machines at a licensed racetrack; gaming machine revenue fee imposed; powers and duties provided to the director; Minnesota First fund established and money dedicated for education and the financing and construction of a stadium for the Minnesota Vikings and a ballpark for the St. Paul Saints; tax rates on lawful gambling modified; linked bingo and electronic pull tabs provided; clarifying, conforming, and technical changes made; and money appropriated.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
2/27/2012