Staff Analysis of the Legislation
|
|
This legislation details how pari-mutuel betting on horse racing would be established in Georgia if approved by the voters of this state. It provides for local referenda initiated by voters to be held before the commission grants licenses to construct, establish or operate a racetrack or satellite facility. The licensees of racetracks or satellite facilities would be required to retain up to 18% of the pool, with 2% of the retainage going to the county or city in which the racetrack is located , and 7% retainage on the legitimate breakage, with 1% going to the county or city where the satellite facility is located and 1% going to the county or city where the racetrack is located. |
