Archive for Tuesday, April 10, 2001
Lottery summarizes revenue distribution
April 10, 2001
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Topeka Senate Bill 156 would have legalized slot machines at dog and horse racing tracks if approved by voters in the surrounding county. Senators voted 23-17 to kill the bill on March 22, but supporters are hoping to revive the proposal.
Under the bill, the Kansas Lottery would have overseen the machines, which would have had to pay out at least 87 percent of the money spent by players. Supporters of the bill estimated annual revenues after prizes would be at least $250 million. The lottery's estimate was $210.6 million.
Based on the lottery's estimate, here is how the revenues would have been distributed:
Track owners, 60 percent, or $126.4 million.
State, 30 percent, or $63.2 million.
Purses in horse races, 3.5 percent, or $7.3 million.
Purses in dog races, 3.5 percent, or $7.3 million.
Cities and counties in which tracks are located, 1.5 percent, or $3.2 million.
Administrative expenses, 1 percent, or $2.1 million.
Programs to fight gambling addiction, 0.5 percent, or $1.1 million.
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