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MN SF1909
Bill
Status
2/16/2012
Primary Sponsor
Al DeKruif
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AI Summary
Bill Summary: SF1909
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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)
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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
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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
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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
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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