Today's Law As Amended


PDF |Add To My Favorites | print page

AB-1508 Horse racing: advance deposit wagering.(2017-2018)



As Amends the Law Today


SECTION 1.

 Section 19605.5 is added to the Business and Professions Code, to read:

19605.5.
 (a) The board shall review the payments made to a city pursuant to Sections 19610.3 and 19610.4 to ensure that the additional amounts paid to a city based on 0.33 of 1 percent from the total parimutuel wagers and 0.33 of the 1 percent of the total amount handled by each satellite wagering facility include the total amount that was waged by advance deposit wagers at the racetrack. The board shall determine whether the total amount paid to a city included compensation from advance deposit wagers.
(b) The board shall release its findings at a publicly noticed hearing and make its findings available to the public on its Internet Web site.