Posted: | June 1, 2017 09:56 AM |
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From: | Representative Frank A. Farry and Rep. Ed Neilson, Rep. Ryan A. Bizzarro, Rep. Thomas L. Mehaffie, III |
To: | All House members |
Subject: | Expansion of Gaming - Satellite Locations |
With all the discussions on expanding gaming, we will be introducing legislation that we believe responsibly expands gaming while generating additional revenue for the Commonwealth. Our proposal will ensure Pennsylvania’s Local Share issue is corrected while also creating new Local Share revenue, via satellite gaming locations, to be distributed in many of the areas not currently receiving funding. This will provide approximately $240 million in up-front fees and upwards of $360 million of new revenue per year. In addition, this proposal will create over $650 million of capital investment and more than 4,000 construction jobs in the initial development phase. Upon opening, satellite locations will create more than 3,000 new permanent jobs and $700 million in annual economic benefit. Specifically, our legislation will:
• Satellite locations will be limited to locations at least 25 miles away from existing casinos. • License fees for satellite casinos will be up to $5 million dollars. • Gross Terminal Revenue from these machines will be taxed at a 55% rate. Breakdown of revenue allocation is: 48% to the general fund, 5% to the local share, and 2% to the Race Horse Industry Fund. • Satellite locations will not be permitted to have table games. However, nothing will prevent off track betting that meets the racing act criteria, or other legalized games of chance at a satellite location. 3. Provide an additional $25 million dollars in property tax relief for lower income seniors as part of the Gross Terminal Revenue. 4. Authorize airport gaming at a 55% tax rate. 5. Authorize the Pennsylvania Lottery to conduct Keno at bars, taverns and other licensed establishments. 6. Authorize Skill and Hybrid Games in licensed casino facilities. 7. Accelerate the Pennsylvania Gaming Control Board (PGCB) Loan Repayment to allow the Commonwealth to immediately realize $62 million in revenue. Similar legislation has been introduced in the Senate by Senator Bartolotta. Please join us in cosponsoring this proposal which responsibly provides additional revenue to the Commonwealth while generating additional local share revenue for communities not currently served and creating thousands of new jobs. |
Introduced as HB1656