Good new Bill for Ca.
Complete text of AB 2863;
IMHO, this is pretty good. It covers almost everything we players, as consumers, have concerns about.
I do wonder why and if $60 mil a year should go into The Horse Racing Association fund (NOT in existence until the Bill passes) to cover the pensions for old Jockeys and all other Racetrack employees who took those jobs never expecting a pension.
That provision is covered in Section 1. With another mention of it in Section 2.
Section 2 and beyond are the meat of the issues, and as I read it (deeper than a scan, not so deep as to be considered thorough) I was happy that it really did have customer/ consumer protections in it.
As for that $60 mil, it would not directly come from us players, but via rake and tourney fees. It reads that the Horse Racing Association gets at Least 50% of the gross gaming revenues, up to $ mil PER YEAR!
I would love for someone to make the case for that provision.
Else, we night have a winner here.