Fiscal Note
S.B. 156
2025 General Session
Pari-mutuel Horse Racing
by Hinkins, David P.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(3,700) $(1,700) $(5,400)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Dedicated Credits Revenue $0 $25,000 $25,000
Dedicated Credits Revenue, One-
time
$0 $0 $0
New Account Created By Bill (FN
Only)
$0 $15,300,000 $15,300,000
New Account Created By Bill (FN
Only), One-time
$0 $0 $0
Total Revenues $0 $15,325,000 $15,325,000
Enactment of this bill may result in $25,000 ongoing dedicated credits revenue from the newly created
Pari-mutuel Horse Racing Commission to the State Auditor to cover costs associated with a biennial
audit. Assuming annual wagering of approximately $450 million, this bill could generate $13.5 million
per year for the newly created Pari-mutuel Restricted Account and $1.8 million per year for the newly
created Breeder Award Account, beginning in FY 2026.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $3,700 $3,700
General Fund, One-time $1,700 $0 $0
Dedicated Credits Revenue $0 $25,000 $25,000
Dedicated Credits Revenue, One-
time
$0 $0 $0
New Account Created By Bill (FN
Only)
$0 $15,300,000 $15,300,000
New Account Created By Bill (FN
Only), One-time
$0 $0 $0
Total Expenditures $1,700 $15,328,700 $15,328,700
Enactment of this legislation could cost the Office of the State Auditor an estimated $25,000
annually in dedicated credits for biennial audits of the new commission, with funding provided by
the commission from the new Pari-mutuel Restricted Account. Additionally, the Division of Finance
may incur a one-time cost of $1,700 in FY 2025 and an ongoing cost of $3,700 in FY 2026 from
the General Fund to administer two new accounts. Assuming annual wagering of $450 million, the
S.B. 156
2025/01/30 13:20, Lead Analyst: Ivan Djambov, Attorney: Williams, R. commission would transfer an estimated $4.5 million annually from the Pari-mutuel Restricted Account
to local governments and expend approximately $10.8 million per year from the two new restricted
accounts for its operations.
FY 2025 FY 2026 FY 2027
Net All Funds $(1,700) $(3,700) $(3,700)
Local Government UCA 36-12-13(2)(c)
Enactment of this bill could increase counties' costs of preparing information for elections on or before
December 31, 2025. Assuming annual wagering of $450 million, enactment of this legislation may
generate approximately $4.5 million in annual revenue for local governments.
Individuals & Businesses UCA 36-12-13(2)(c)
Assuming annual wagering of $450 million, enactment of this legislation may result in individuals
paying a cumulative total of approximately $15.3 million per year to state and local governments.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a medium increase in the regulatory burden for Utah
residents or businesses.
Performance Evaluation JR1-4-601
This bill creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed program,
please see: https://budget.utah.gov/newprogram
Notes on Notes
Fiscal explanations estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not
measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal explanation is not an appropriation. The
Legislature decides appropriations separately.
S.B. 156
2025/01/30 13:20, Lead Analyst: Ivan Djambov, Attorney: Williams, R.