This enabling legislation starts the process of legalizing up to three horse racing tracks and parimutuel betting in Georgia. The Division of Horse Racing would be set up under the Georgia Lottery Corporation to prescribe regulations; issue, deny and revoke licenses;  and oversee all other aspects of this activity. Voters statewide would first have to approve a referendum (SR 135, which must be approved by 2/3rds of each legislative chamber) to legalize horse racing.  The city or county in which the racetrack would be located must then approve via a referendum - once it is either called for by a vote of the governing authority or a petition signed by 1 percent or 1,000, whichever is less, of qualified electors in the jurisdiction.  Three percent of racing proceeds (estimated to be about $15 million annually) go the HOPE Scholarship Program and 1 percent would go to the host community. Stripped from the bill was a provision that would have allowed up to 15 "satellite" betting locations across the state.