H-4324 _______________________________________________
SUBSTITUTE HOUSE BILL NO. 1496
_______________________________________________
C 043 L 86
State of Washington 49th Legislature 1986 Regular Session
By House Committee on Commerce & Labor (originally sponsored by Representatives Appelwick, Patrick and P. King; by request of Horse Racing Commission)
Read first time 1/31/86 and referred to Committee on Ways & Means.
AN ACT Relating to horse racing; and amending RCW 67.16.175.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. Section 1, chapter 135, Laws of 1981 as amended by section 10, chapter 146, Laws of 1985 and RCW 67.16.175 are each amended to read as follows:
(1)(((a)
Of the daily gross receipts of all parimutuel machines from wagers on exotic
races two and one-half percent on races requiring two selections and three and
one-half percent on races requiring three or more selections shall be retained
and be forwarded to the state treasurer daily and deposited in the general fund
of the state)) Daily gross receipts of all parimutuel machines from
wagers on exotic races shall be distributed according to this section:
(a) In addition to the amounts set forth in RCW 67.16.105, an additional two and five-tenths percent of gross receipts on races with two or more selections and three and five-tenths percent of gross receipts on races with three or more selections shall be paid to the commission. The commission shall retain twenty-two percent of the additional percentages from exotic races and shall forward the balance to the state treasurer daily for deposit in the general fund.
(b) In addition to the amounts authorized to be retained in RCW 67.16.170, race meets may retain an additional three percent of the daily gross receipts of all parimutuel machines from wagers on exotic races requiring two selections to be used as provided in subsection (2) of this section.
(c) In addition to the amounts authorized to be retained in RCW 67.16.170, race meets may retain an additional six percent of the daily gross receipts of all parimutuel machines from wagers on exotic races requiring three or more selections to be used as provided in subsection (2) of this section.
(2) Of the amounts retained in subsection (1) (b) and (c) of this section, one percent shall be used for Washington-bred breeder awards, not to exceed twenty percent of the winner's share of the purse.
(3) Any portion of the remaining moneys retained in subsection (1) (b) and (c) of this section shall be shared equally by the race track and participating horsemen. The amount shared by participating horsemen shall be in addition to and shall not supplant the customary purse structure between race tracks and participating horsemen.
(4) As used in this section, "exotic races" means any multiple wager. Exotic races are subject to approval of the commission.