Z-783                 _______________________________________________

 

                                                    HOUSE BILL NO. 831

                        _______________________________________________

 

State of Washington                              50th Legislature                              1987 Regular Session

 

By Representatives Leonard, Madsen and Hankins

 

 

Read first time 2/11/87 and referred to Committee on Commerce & Labor.  Referred from Rules to Committee Ways & Means 2/27/87.

 

 


AN ACT Relating to the horse racing commission; 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 last amended by section 1, chapter 43, Laws of 1986 and RCW 67.16.175 are each amended to read as follows:

          (1) 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)) forty 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.