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MN SF1909

Bill

Status

Introduced

2/16/2012

Primary Sponsor

Al DeKruif

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

Bill Summary: SF1909

  • Authorizes the director of the State Lottery to establish gaming machines at licensed racetracks (Class A facilities) through location contracts requiring minimum 75 days of live racing annually (50 days for single-breed facilities)

  • Imposes tiered in-lieu fees on adjusted gross gaming machine revenue: 25% on the first $150 million, 30% on revenue between $150-200 million, and 40% on revenue exceeding $200 million

  • Directs racing facility licensees to compensate horsepersons and the racing industry through an equine industry improvement fund receiving 7.2-5.4% of gaming revenue depending on revenue tiers, with 80% allocated to purse supplements and 20% to breeder funds

  • Dedicates gaming machine revenue to education by directing funds (after 1% for problem gambling programs) to increase school district aid payments to 90% and restore net aid reductions and property tax shifts

  • Grants the Racing Commission oversight authority over gaming machine security, employee licensing, and vendor oversight at licensed racetracks

Legislative Description

Racino establishment and revenue allocation

Last Action

Chief author added DeKruif

3/22/2012

Committee Referrals

Education2/16/2012

Full Bill Text

No bill text available