House Bill 531

Actions
Last Action 02/22/21: to Committee on Committees (H)
Title AN ACT relating to the expansion of gaming and making an appropriation therefor.
Bill Documents Introduced
Fiscal Impact Statements Actuarial Analysis
Corrections Impact
Local Mandate
Bill Request Number 1786
Sponsor A. Gentry
Summary of Original Version Create a new section of KRS Chapter 154A to state the findings of the General Assembly; amend KRS 154A.010 to define, "authorizing location," "casino," "county," "county legislative body," "department," "full casino gaming," "gaming licensee," "gross gaming revenue," "handle," "licensee," "limited casino gaming," and "principal"; amend KRS 154A.030 to expand the Lottery Corporation board membership and duties; amend KRS 154A.040 to include casino licensees; amend KRS 154A.063 to remove prohibition against casino gaming; create new sections of KRS Chapter 154A to require a local option election in any precinct wanting to host a casino; describe the duties of the county clerk and sheriff in a casino gaming local option election; state requirements for local option elections held on a day other than a regular election day; require the corporation to advertise an invitation to bid for casinos; require the corporation to evaluate all proposals for full casinos; establish initial licensing fees for full casinos at $50 million with an initial licensing period of ten years and annual renewal thereafter at $6 million per year; permit limited casino gaming at horse racing tracks licensed under KRS Chapter 230; establish requirements for limited casinos; establish requirements for any track holding a limited casino license; establish requirements for principals of any corporation granted a casino license; create license application requirements for casino, manufacturer's, or supplier’s licenses; prohibit anyone not licensed from selling, leasing, or otherwise furnishing gaming supplies; prohibit anyone under the age of 21 from participating in casino gaming; require the Lottery Corporation to determine occupations related to casino gaming that require licensure and establish criteria for occupational licensing; permit the corporation to initiate disciplinary action against applicants and license holders; establish an appeal process; create new sections of KRS Chapter 138 to establish wagering and admissions taxes to be remitted by gaming licensees and full and limited casinos; create new sections of KRS Chapter 154A to establish the casino gaming revenue distribution trust fund and limit that money to the benefit of the state retirement systems for the first ten years; establish the regional tourism and infrastructure development fund and provide criteria for projects seeking money from the fund; waive 15 U.S.C. secs. 1172, 1173, and 1174 for devices authorized by this Act; require the corporation to promulgate administrative regulations to define and limit games and devices permitted for gaming in casinos; provide guidelines for exclusion or ejection of certain persons; define “cheat” and provide penalties for those who cheat at casino games; establish KRS Chapter 239 and create new sections to define “adjusted gross revenue,” “beginner,” “cabinet, “confidential information,” “entry fee,” “fantasy contest,” “fantasy contest operator," “fantasy contest participant," “highly experienced player,” “immediate family,” “location percentage,” “net poker revenue,” “online poker,” “person,” “principal stockholder,” “rake,” “registered fantasy contest operator,” “script,” “secretary,” and “wager”; establish requirements for registration as a fantasy contest operator; require the cabinet to promulgate administrative regulations for the operation of fantasy contests; establish the wagering administration fund and direct the uses of that fund; establish the Kentucky problem gambling assistance account and direct the uses of that account; require an annual audit of fantasy contest registrants; establish requirements for fantasy contest procedures; require any person offering online poker in the Commonwealth to have a license from the cabinet and require the cabinet to promulgate administrative regulations prescribing requirements for licensure including geolocation software, age verification, and security and accounting standards; establish an online poker account in the State Treasury; amend KRS 230.210 to define "professional sports venue" and "sports wagering"; create new sections of KRS Chapter 230 to require the racing commission to institute a system of sports wagering at tracks and other specified locations; limit the types of events upon which wagers may be placed; amend KRS 230.215 to declare the intent to allow citizens to enjoy sports wagering and allow the racing commission to promulgate administrative regulations prescribing conditions under which sports wagering is to be conducted; amend KRS 230.225, 230.240, and 230.260 to include sports wagering; create a new section of KRS Chapter 230 to establish sports wagering licensure requirements; amend KRS 230.320 to conform; amend KRS 230.361 to include sports wagering; amend KRS 230.3615 to conform; create a new section of KRS Chapter 138 to define “adjusted gross income” and impose a tax on sports wagering; amend KRS 230.362, 230.363, 230.364, 230.365, 230.366, 230.369, 230.371, 230.372, 230.373, 230.374, and 230.750 to conform; create a new section of KRS Chapter 230 to prohibit participants from wagering on events in which they participate and to prohibit tampering with the outcome of a sporting event; amend KRS 230.990 to provide penalties for participants who wager on sporting events or tamper with the outcome of a sporting event, sports wagering, and online poker; amend KRS 243.500 to exempt limited or full casino gaming, sports wagering, fantasy contests and online poker; amend KRS 525.090 to exempt persons engaged in casino gaming and sports wagering; amend KRS 528.010 to exempt casino gambling activity, fantasy contests, sports wagering, and online poker and the devices used in the conduct of those forms of wagering; amend KRS 528.020 to conform; amend KRS 528.070 and 528.080 to exempt activity licensed under KRS Chapter 154A, fantasy contests, sports wagering, and online poker; amend KRS 528.100 to exempt limited or full casino gaming licensed under KRS Chapter 154A, fantasy contests, or sports wagering; APPROPRIATION.
Index Headings of Original Version Elections and Voting - Casino gaming, local option elections for
Fees - Casino gaming, licensing fees for
Gambling - Casino gaming, licensing for
Gambling - Fantasy sports contests
Gambling - Online poker
Gambling - Sports wagering
Licensing - Casino gaming, licensing for
Licensing - Fantasy contests
Licensing - Online poker
Licensing - Sports wagering
Lottery - Casino gaming, oversight of
Occupations and Professions - Casino occupations, licensing for
Retirement and Pensions - Casino gaming, revenue generated by
Retirement and Pensions - Gaming tax, funding
Taxation - Casinos, admissions tax on
Taxation - Casinos, gaming tax on
Taxation - Wagering, taxation
Amusements and Recreation - Casino gaming, licensing for
Amusements and Recreation - Fantasy sports contests, provisions
Amusements and Recreation - Online poker, provisions
Amusements and Recreation - Sports wagering, provisions
Athletics - Fantasy sports contests
Athletics - Sports wagering
Horses and Horse Racing - Limited casino gaming, tracks authorized for
Actuarial Analysis - Casino gaming, local option elections for
Corrections Impact - Casino gaming, local option election for
Local Mandate - Casino gaming, local option election for

Actions

Top
02/22/21
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/14/2021 8:30 AM (EDT)
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