H-3659              _______________________________________________

 

                                                   HOUSE BILL NO. 1496

                        _______________________________________________

 

State of Washington                              49th Legislature                              1986 Regular Session

 

By Representatives Appelwick, Patrick and P. King; by request of Horse Racing Commission

 

 

Read first time 1/17/86 and referred to Committee on Commerce & Labor. Referred to Committee on Ways & Means 1/31/86.

 

 


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 an additional 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)) paid to the commission.  The commission shall withhold its authorized percentage as set forth in RCW 67.16.100.  The balance shall be forwarded to the state treasurer daily and deposited in the general fund of the state.

          (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.