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2020 SESSION

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SB 533 Pari-mutuel wagering; breakage, distribution for problem gambling treatment and support.

Introduced by: Bryce E. Reeves | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Pari-mutuel wagering; breakage; distribution for problem gambling treatment and support; creation of Problem Gambling Treatment and Support Fund. Alters the required distribution of the legitimate breakage from each pari-mutuel pool for live, historical, and simulcast horse racing by requiring that 80 percent be deposited in the Problem Gambling Treatment and Support Fund, created by the bill, and 20 percent be deposited in the Racing Benevolence Fund for gambling addiction and substance abuse counseling or recreational, educational, nutritional, or other related programs. Under current law, 70 percent of the breakage is required to be distributed to the horse racing licensee to be used for capital improvements and 30 percent of the breakage is required to be distributed to the Racing Benevolence Fund for gambling addiction and substance abuse counseling or recreational, educational, or other related programs. The Problem Gambling Treatment and Support Fund, administered by the Department of Behavioral Health and Developmental Services, would be used to provide counseling to compulsive gamblers, implement problem gambling treatment and prevention programs, and provide grants to organizations that assist problem gamblers.


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