Extended Pari-Mutuel Horse Race Wagering And Gaming

EXTENDED PARI-MUTUEL HORSE RACE WAGERING AND GAMING. INITIATIVE CONSTITUTIONAL AMENDMENT. Establishes a People\u27s Experimental Gaming Act Commission which shall issue up to one thousand (1,000) licenses, or more with two-thirds State Senate approval, to conduct extended pari-mutuel horse race wagering throughout the State. On request of the Cities of Adelanto and Lakeport the Commission shall issue permits for the conduct within such cities of those games defined in Penal Code section 330 and elsewhere in the petition. Horse race wagering licensees and gaming permittees shall pay license and permit fees to the Commission. Financial Impact: Would result in indeterminable but significant state revenues, state costs which are indeterminable but significantly less than the amount of revenues generated, unknown costs to local government in the Cities of Adelanto and Lakeport, and local revenues from licensing and tax fees of an unknown amount