Attorney General No.

SA97RF0008

Secretary of State No.

742

Description

GAMBLING. SLOT MACHINES. LEGALIZATION, REGULATION, TAXATION. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Amends Constitution to remove prohibitions against private lotteries and to permit voters to approve casino-style gambling. Changes statutes to authorize slot machines in Palm Springs. Requires two-thirds local voter approval for new or expanded cardrooms. Creates California Gaming Control Commission with jurisdiction over gambling establishments. Establishes gaming investigative and enforcement division in Department of Justice. Allows publicly-traded corporations to own gambling establishments. Establishes tax on slot machine revenues. Restricts use of revenues to local public safety. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: State revenues could increase by up to tens of millions of dollars annually from fees and taxes associated with gambling operations and other related economic activity. Some of these revenues could be offset by increased Proposition 98 funding, regulatory costs, and, potentially, by reductions in other gambling-related revenues. Local revenues could increase up to tens of millions of dollars annually from additional taxes/fees from gambling operations and other related economic activity.

Proponents

James A. Taylor, California Gaming Control Committee, c/o Thomas W. Hiltachk, 455 Capitol Mall, Suite 801

Date

6-4-1997

Document Type

Initiative

Qualified

Failed to Qualify

Download

Share

COinS