HB 386 Summary

• Video Lottery Terminals & Horse Racing: Authorizes video lottery terminal gaming at commercial racetracks conducting live horse racing and simulcasting; establishes minimum live racing day requirements based on video lottery terminal income levels, with permits requiring 75-125 racing days annually depending on VLT revenue.

• Casino & Gambling Regulations: Amends casino control commission rules to increase institutional investor threshold from 1% to 5% ownership, establishes emergency order procedures for license suspension, and clarifies disciplinary factors; modifies bingo and instant bingo definitions and operational requirements for charitable organizations.

• Tax Withholding Changes: Reduces Ohio income tax withholding on casino winnings and lottery prizes from 6% to 4%, adds municipal income tax withholding requirement for casino winnings, and creates new withholding provisions for video lottery terminal prize awards.

• Sweepstakes Moratorium: Establishes moratorium through June 30, 2013, on new sweepstakes establishments using sweepstakes terminal devices; allows existing operations to continue at pre-existing locations only.

• Appropriations & Economic Development: Provides $12 million for racetrack facility community economic redevelopment, authorizes sale of state land to racing permit holders, and directs casino tax revenue distribution including 34% to school districts based on student population.