Proposition One - HORSE RACING AT CERTAIN LOCATIONS
An Initiative Authorizing Historical Horse Racing At Certain Locations Where Live Or Simulcast Horse Racing Occurs And Allocating Revenue Therefrom.
A YES vote would approve the proposed law to allow historical horse racing in Idaho.
A NO vote would make no change to Idaho’s current law.
An initiative amending Chapter 25, Title 54, Idaho Code; contains findings and purposes; amends definition of historical horse race; adds new section authorizing historical horse race betting at certain locations where live or simulcast parimutuel horse race betting occurs; specifies requirements for historical horse race terminals; declares such terminals not to be slot machines; allocates revenue from historical horse race betting; requires licensees to enter into agreements with horsemen’s groups; creates historical horse race purse moneys fund in state treasury; authorizes distribution by state racing commission and investment by state treasurer of fund monies; directs state racing commission to promulgate implementing rules; declares act effective upon voter approval and completion of voting canvass; and provides for severability.