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Legislative Year: 2024 Change
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Bill Detail: HB24-1436

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Title Sports Betting Tax Revenue Voter Approval
Status House Committee on Finance Refer Unamended to Appropriations (04/11/2024)
Bill Subjects
  • Fiscal Policy & Taxes
  • Gaming, Lottery, Racing
  • State Revenue & Budget
  • Water
House Sponsors M. Catlin (R)
J. McCluskie (D)
Senate Sponsors D. Roberts (D)
C. Simpson (R)
House Committee Finance
Senate Committee
Date Introduced 04/01/2024
Summary

The bill refers a ballot issue to the voters at the November 2024
statewide election to allow the state to keep and spend all revenue from
the existing tax on the net proceeds of licensed sports betting (sports
betting tax), including revenue in excess of the $29 million fiscal year
estimate included in the 2019 ballot question as follows:
  • All revenue from the sports betting tax up to $29 million
annually, together with all revenue derived by the division
of gaming in the department of revenue, will continue to be
used to pay for the regulation of sports betting, to offset
losses to other wagering revenue recipients, and to support
responsible gaming, with any remaining money being
transferred to the water plan implementation cash fund; and
  • All sports betting tax revenue in excess of $29 million
annually will be transferred to the water plan
implementation cash fund to be used for water conservation
and protection projects.
If the majority of electors voting at the November 2024 statewide
election vote against allowing the state to keep and spend all sports
betting tax revenue as outlined above, then any tax revenue collected in
excess of $29 million annually will be refunded to the licensed sports
betting operations that paid the sports betting tax according to a
reasonable method to be determined by the department of revenue.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/09/2024) (most recent)  
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