Gaming. Off-Track Wagering.

GAMING. OFF-TRACK WAGERING. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides for off-track wagering in all counties on results of horse races. Provides local option to conduct various games of chance involving cards, dice, lotteries, and other gambling devices within two cities, Adelanto (San Bernardino County) and Clearlake (Lake County). Establishes Public Gaming Control Commission to regulate and issue permits pursuant to laws enacted by Legislature. Provides revenues derived from off-track wagering are shared with 25% to licensee, 25% for increased purses and betterment of breed, and 50% to State for education. Provides for payment of specified gaming permit fees into State General Fund. Fiscal impact on State and local governments: There would be indeterminate state and local costs for the regulation and supervision of the wagering and gaming systems. State costs would be reimbursed from indeterminate, but potentially substantial, receipts from the state\u27s 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