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i ESTIlVIATED REVENUE FROM GAl1�iG I7:�JVENUE ACT ACTIVIT�� As indicated above, thc gaming establishments would be required to make paymeuts based upon the net win to the Gaming Revenue Trust �nd and to the city and couaty in which the facility is located. The Gaming Revenue Trust Fund would subsequently be allocated to various gaming activities, funding for abvsed and neglected children and children in fostes care, and allocated state wide on a per capita basis for firefightcrs and police officers/ncighborhood sheriffs. The estimated revenue that would be generat�d state wide per the Legislative Office from a reneaotiatod agreement with the Indians or with the nevv paming devices is estimated at over $1 billion. City of San Mateo Revarue Proioctions Numerous factors influence the amount of revcnue that can be derived from these establishments, e.g., number of slot machines, amount of competition, oth�r casino games offtred, dcnsity of population, and novelty/qvality of casino venue. There exists a great deal of variation in the averag� nct win from slot machines throughout the country and no existing jurisdiction has a situatioa directly comparable to California. (See Attachment 4 for Tablc of range of per slot revenue for various casinos.) A comparison of revenue derivod from otl�er jurisdictions indicates the range could run from $50,000 to $250,000 annvally per device. See table below for �stimates for both the 3,000 aad 3,800 scenarios in San Mateo assuming the 30,000 maximum gaming deviees statewide. A key factor affecting the amount of revenue that could be gmerated is competition from Articholce Jods in San Bnmo and Lucky Chances in Colma. The GRA allocates 800 slots to each of these clubs with the potcntial to purchase or license additional devices not to exceed 1900 per cardroom. Bay Meadows Site Revennes for City of San Mateo for 30,000 slots statewide San Mao�o's Statewide Average Slot Dirxt Revenues (3,000 slots) Direct Reveaues (3,800 slots) Share (0.26%) WinlYear Host Citv l2%1 Host Countv (1%) Host Citv (2%) Host Countv ll%) lice Fire $50,000 $3M $1.SM $3.8M $1.9M 5409,500 $175,500 $150,000 $9M $4.SM $11.4M $5.7M $1,228,500 5526,500 $250,000 $15M $7.SM $19M $9.SM $2,047,500 $877,500 Based on the above projeetions for 3,000 slots, San Mateo would be ernitled to the host city revraue and our per capita share statewid� for police and firefighters. Our host share could range from $3 million (Nn to $15M, Police per capita from 5410,000 to $2M, and Fire per capita from $175,000 to $900,000. The median amount for 3,000 slots would gcacrate $9M for the City, $1.2 for Police, and $.SM for Fire. The estimated costs of $1.27 M per year for police services outlined in Captain Callagy's memo would be absorbed from the estimated Police revcnue. Note: the above numbers reflect estimated revenue associatod with the slot machines. Thcy do not include potcntial revenue from any ancillary development, e.g., hotels, restaurants, retail uses, nor increases in property tax from renovation of the existing facility. Page 4