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F I S C A L I M P A C T R E P O R T

SPONSOR:	Saavedra		DATE TYPED:	02/03/03		HB	86
SHORT TITLE:		Gaming Machine Payback Value				SB
					ANALYST:		Gonzales

REVENUE

Estimated Revenue

Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

$0.1

Recurring

General Fund

(Parenthesis ( ) Indicate Revenue Decreases)

SOURCES OF INFORMATION

Responses Received From

Gaming Control Board

SUMMARY

Synopsis of Bill

House Bill 86 amends Section 60-2E-44(H) NMSA 1978 of the Gaming Control Act to remove the upper limit on payback value for gaming machine wagers, currently at 96%.

FISCAL IMPLICATIONS

Gaming machine revenues paid to the state by gaming licensees’ revenues may be enhanced if the provisions of this bill stimulate gaming machine play.

F I S C A L I M P A C T R E P O R T

SOURCES OF INFORMATION

JMG/njw