HB3314 - Tennessee: Lottery, Corporation

Lottery, Corporation - Adds as new criteria for selection of lottery retailers an applicant's proximity to other retailers. - Amends TCA Title 4, Chapter 51 and Title 49.

Other Fiscal Impact - A precise estimate for the fiscal impact of this bill is not quantifiable due to multiple unknown factors. However, if additional retailers lead to additional sales, and new retailers are prohibited from selling lottery tickets in the future due to proximity of other existing retailers, then future sales growth could be less than what it would have been otherwise. As a result, the TELC would experience recurring and foregone revenue of unknown amounts.