Initiative measure. Creates board appointed by Governor, to regulate and license horse racing and Pari-Mutuel betting within race track enclosure; limits racing period at each track; prohibits licensing racing at tracks constructed, without board's approval,. after November 1, 1926; limits licensee's return to nine per cent on capital invested; prescribes as license fees five hundred dollars each race day and licensee's net profits above return allowed ; appropriates fees to board's salaries and expenses, dividing balance equally between Veterans' 'Welfare Board and State Agricultural Board; authorizes licenses for limited period at county fairs or agricultural exhibits.
Popular Vote Results
Y: 362299; A: 35.4; N: 661367; B: 64.6
H. J. Macomber, Chairman Northern California Executive Committee; Joseph M. Schenck, Chairman Southern California Executive Committee
George I. Cochran; F. M. Larkin
RACING California Proposition 6 (1926).