Vote Smart's Synopsis:

Vote to concur with senate conference committee vote and pass a bill that establishes the Alabama Gambling Commission and Alabama Lottery Corporation and lays out the nuts and bolts of gaming licensing moving forward.

Highlights:

• Establishes the Alabama Gambling Commission and Alabama Lottery Corporation and lays out the nuts and bolts of gaming licensing moving forward (Sec. 1-11).

• Authorizes the following license structure for 7 electronic gaming locations, including that they (Sec. 1-11):

• Must meet suitability

• 10-year license ranging from $15-30 million per license

• Option of a 15-year license with $100,000,000 capital investment

• Option of a 20-year license with $200,000,000 capital investment

• Tax rate of 24% for the first five years, then subject to adjustment by the Alabama Gambling Commission, not to exceed 28%

• All gambling proceeds for general fund-related expenses are subject to annual appropriation.

• Requires that all lottery proceeds benefit education through last-dollar scholarships for the following, including (Sec. 1-11):

• 2 and 4-year higher education institutions;

• Dual enrollment; and 

• Retiree bonuses that are subject to annual appropriation.

• Specifies that the provisions of this bill shall become effective June 1, 2024, following passage and approval by the Governor (Sec. 12).

Full Bill Text

Vote Smart's Synopsis:

Vote to adopt a conference committee report and pass a bill that establishes the Alabama Gambling Commission and Alabama Lottery Corporation and lays out the nuts and bolts of gaming licensing moving forward.

Highlights:

• Establishes the Alabama Gambling Commission and Alabama Lottery Corporation and lays out the nuts and bolts of gaming licensing moving forward (Sec. 1-11).

• Authorizes the following license structure for 7 electronic gaming locations, including that they (Sec. 1-11):

• Must meet suitability

• 10-year license ranging from $15-30 million per license

• Option of a 15-year license with $100,000,000 capital investment

• Option of a 20-year license with $200,000,000 capital investment

• Tax rate of 24% for the first five years, then subject to adjustment by the Alabama Gambling Commission, not to exceed 28%

• All gambling proceeds for general fund-related expenses are subject to annual appropriation.

• Requires that all lottery proceeds benefit education through last-dollar scholarships for the following, including (Sec. 1-11):

• 2 and 4-year higher education institutions;

• Dual enrollment; and 

• Retiree bonuses that are subject to annual appropriation.

• Specifies that the provisions of this bill shall become effective June 1, 2024, following passage and approval by the Governor (Sec. 12).

Full Bill Text