Extended Pari Mutual Horse Race Wagering

GAMING. EXTENDED PARI-MUTUEL HORSE RACE WAGERING. INITIATIVE CONSTITUTIONAL AMENDMENT. Establishes Lower Per Capita Tax Act Commission which shall issue up to five hundred licenses, or more with two-thirds State Senate approval, to conduct extended pari-mutuel horse race wagering throughout State. Precludes pari-mutuel wagering or extended pari-mutuel wagering on any racing not having to do with horse racing. On request of Cities of Adelanto and Palm Springs the Commission shall issue permits for the conduct within those cities of games of chance defined in Penal Code section 330 and elsewhere in the petition. Pilot program for 28 years, extendable by Legislature. Financial impact on state and local governments: There would be indeterminate state costs for the regulation and supervision of pari-mutual wagering and gaming and indeterminate local costs for the licensing of gaming. State costs would be reimbursed from indeterminate, but potentially substantial, receipts from the states share of the amounts wagered and from licensing and permit fees. Local costs would be reimbursed from locally established license and tax fees. There would be no net state or local costs