HB 601/LM (BR 1847) - H. Moberly Jr.
AN ACT relating to electronic games of skill, and making an appropriation therefor.
Create a new section of KRS Chapter 230 to declare legislative findings; amend KRS 230.210 to limit the number of licensed tracks to nine, define "electronic games of skill", "EGS", "retained EGS revenue", "net EGS revenue", and "corporation"; create new sections of KRS Chapter 230 to permit licensing of electronic games of skill at tracks, prohibit anyone under 21 years of age from placing wagers; require payouts of at least 83%; specify information required for licensure; specify requirements for track facilities and minimum number of race days; specify requirements for the Kentucky lottery corporation; provide limitations on the acquisition of electronic games of skill, their placement at tracks, prohibit unlicensed persons from tampering with games, require adequate personnel, and require reporting of malfunctions; require financial records to be maintained and to allow the corporation reasonable access to financial records; limit location of electronic games of skill; provide for the distribution of revenue; specify that operation of electronic games of skill other than at a licensed track is gambling; provide for county level special election on the conduct of electronic games of skill at tracks in their jurisdictions; amend KRS 243.505 to include electronic games of skill; create a new section of KRS Chapter 230 to exempt revenue generated from electronic games of skill from local taxation.
Mar 2-introduced in House
Mar 4-to Licensing & Occupations (H)