HF 3399 Summary

• Creates a Jobs, Family, and Economic Development Fund as a separate state treasury fund with allocations: 20% for agricultural and rural development, 20% for early childhood development and family education, 20% for bioscience and medical technology businesses, 20% for athletic and recreational facilities and programs, and 20% for general fund expenditures.

• Authorizes Class B racetrack licensees to operate gaming machines and conduct banked card games in addition to pari-mutuel horse race wagering, subject to commission approval and an approved plan of operation.

• Requires Class B licensees to conduct at least 75 days of live racing annually (or 75 days in the next race meet for first-time applicants) to operate additional gambling activities, with this requirement adjustable by written agreement with horsepersons' organizations.

• Establishes a gaming activities fee of 32% of gambling revenue, with distribution to: 1% to the city where games are conducted, 1% to the county, and the remainder to the Jobs, Family, and Economic Development Fund; increases to 42% on revenues exceeding $125,000,000 annually.

• Sets purse set-asides at a minimum of 10% of gambling revenue for live horse races at Class A facilities, increasing to 14% for activities conducted five or more years after enactment, with funds distributed through breed-specific accounts established by the Racing Commission.