Attorney General No.
Secretary of State No.
GAMING COMMISSION. SPORTS WAGERING. LOTTERY GAMES. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Deletes constitutional prohibition of lotteries by Legislature. Amends constitution to provide Legislature shall consolidate regulation of legal wagering in a single State Gaming Commission. Adds statute to: authorize wagering on results of sporting events; create California Gaming Commission to regulate and license sports wagering; require local authorization for sports wagering establishments, except specified horse racing track operators; impose tax upon gross receipts; provide California Sweepstakes on-line lottery game. Subject to provisions of the Budget Act, appropriates revenues for specified state and local senior citizen services, Gaming Commission expenses. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Aggregate impact of this measure is unknown. Measure would result in unknown revenues from sports wagering, potentially in the millions of dollars, to be divided among the State Department of Aging (50 percent), participating local governments (45 percent), and state administrative expenses (5 percent). The measure would result in unknown impact on lottery and horse racing revenues; even a minor substitution of sports wagers for lottery and horse racing wagers would lead to revenue losses in the millions of dollars. Appropriates $5 million from the General Fund in 1992-93 as a temporary line of credit for the start-up costs of the newly created California State Gaming Commission.
Richard E. Floyd Lobby Annex, 1029 "K" Street, #36, Sacramento, California 95814 (916) 445-0965
Failed to Qualify
Gaming Commission. Sports Wagering. Lottery Games. California Initiative 535 (1991).