Bill Summary

• Authorizes the State Lottery director to establish gaming machines at licensed racetracks (Class A facilities) through location contracts with horsepersons compensation based on adjusted gross gaming machine revenue.

• Creates an equine industry improvement fund receiving 7.2-5.4% of adjusted gross gaming machine revenue (depending on revenue levels) to fund purse supplements, breeder funds, and equine industry enhancement grants.

• Imposes a tiered fee on gaming machine revenue: 25% on the first $150 million, 30% on revenue between $150-$200 million, and 40% on revenue exceeding $200 million, transmitted monthly to the state.

• Dedicates gaming machine revenue to education through increased school district aid payments (up to 90% of available funds) and restoration of net aid reductions and property tax revenue shifts.

• Allocates 1% of gaming machine revenue to compulsive gambling treatment and prevention programs split equally between the Commissioner of Human Services and the Gambling Control Board.