Gambling Regulation. Slot Machines. Charity Bingo. Card Clubs. Race Tracks.

GAMBLING REGULATION. SLOT MACHINES. CHARITY BINGO. CARD CLUBS. RACE TRACKS. INITIATIVE STATUTE. Amends statutes to permit same types of gambling, including slot machines, in large, established cardrooms and privately owned race tracks, as are allowed in any other area of the state, including Indian lands. Authorizes Horse Racing Board and Lottery Commission to develop gambling technologies to benefit education and horse racing. Places charity bingo under Gambling Control Act and subject to regulation by Department of Justice\u27s Division of Gambling Control. Limits establishment of new gambling establishments to those authorized by local government prior to January 1996. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: State revenues from license fees on electronic gambling devices, ranging from tens of millions to hundreds of millions of dollars annually. These funds would be dedicated to education. Potential significant long-term increase in state and local revenues to the extent there is a large diversion of gambling activity from other states to California