TO: | Honorable Kino Flores, Chair, House Committee on Licensing & Administrative Procedures |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2739 by Quintanilla (Relating to the sale of lottery tickets at a location at which a person holds an alcoholic beverage permit.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | $11,843,000 |
2009 | $14,212,000 |
2010 | $14,354,000 |
2011 | $14,498,000 |
2012 | $14,643,000 |
Fiscal Year | Probable Revenue Gain from FOUNDATION SCHOOL FUND 193 |
Probable Revenue Gain from GENERAL REVENUE FUND (Unclaimed Prizes) 1 |
---|---|---|
2008 | $10,966,000 | $877,000 |
2009 | $13,159,000 | $1,053,000 |
2010 | $13,291,000 | $1,063,000 |
2011 | $13,424,000 | $1,074,000 |
2012 | $13,558,000 | $1,085,000 |
The bill would amend the Government code by allowing the sale of lottery tickets in locations that hold an alcoholic beverage permit.
This bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or would otherwise take effect on September 1, 2007.
Based on the analysis of the Comptroller of Public Accounts (CPA), the bill would result in a five year net revenue gain of $64,398,000 to the Foundation School Fund and $5,152,000 to the General Revenue Account.
Based on information provided by the CPA, this analysis assumes that the increased revenue to the Foundation School Fund would equal total gross sales from these new retailers minus prize payouts, retailer bonuses as required by current law, and administrative expenses incurred by the Texas Lottery Commission, which are subject to the appropriations process. Increased revenue to the General Revenue Account is based on historical CPA information regarding the proportion of winning tickets that have gone unclaimed.
Based on the analysis of the Texas Lottery Commission, it is assumed that duties and responsibilities association with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Source Agencies: | 304 Comptroller of Public Accounts, 362 Texas Lottery Commission, 458 Alcoholic Beverage Commission
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LBB Staff: | JOB, JRO, MW, TGl
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