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OH HB250
Bill
Status
7/8/2009
Primary Sponsor
Louis Blessing
Click for details
AI Summary
HB 250 Summary
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Authorizes the State Lottery Commission to conduct video lottery terminal lotteries at up to 7 licensed commercial horseracing tracks operated by permit holders who conducted live horse racing continuously since 2003.
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Requires video lottery sales agents to pay a $100,000 nonrefundable application fee and a one-time licensing fee of $65 million (paid in five installments from September 2009 to September 2010).
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Establishes that 50% of gross lottery proceeds go to video lottery sales agents for track improvements and operations, while the remaining 50% is retained by the state.
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Mandates agents make $80 million in track improvements within five years (with $20 million in the first year) and sets goals for Ohio-based business contracts and hiring local employees.
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Creates a Video Lottery Study Council consisting of 5 members appointed by legislative and executive leaders to review and report on video lottery gaming laws and operations.
Legislative Description
To require the State Lottery Commission to establish licensing procedures for video lottery sales agents that are horseracing permit holders and authorizes those agents to conduct lotteries that provide immediate prize determinations for participants through the use of video lottery terminals at not more than seven licensed commercial horseracing tracks.
Horse racing tracks-offer video lottery terminals
Last Action
To State Government
7/8/2009