BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 605
                                                                  Page  1

          Date of Hearing:   May 13, 2009

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Kevin De Leon, Chair

               AB 605 (Portantino) - As Introduced:  February 25, 2009 

          Policy Committee:                              Governmental  
          Organization Vote:                            16 - 0

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill permits thoroughbred racing results to be included in  
          proposition pari-mutuel pool wagers. 

           FISCAL EFFECT  


          Potential increase in revenue available to fund the California  
          Horse Racing Board and the Kenneth L. Maddy Equine Analytical  
          Laboratory at the University of California, Davis due to  
          increased wagering opportunities. 

           
          COMMENTS  

           1)Purpose  . Currently, quarter horse and harness racing  
            associations can offer proposition pari-mutuel pool wagering  
            while operating a live race meet in California. However,  
            thoroughbred racing associations are prohibited from offering  
            this type of wager. AB 605 will allow all segments of the  
            industry to take advantage of this type of wager. According to  
            the author, this bill will create the potential for new  
            revenue for California's horse racing industry as well as new  
            fans for the sport.
           
          2)Proposition Pari-mutuel Pool Wagers  . Propositional wagering is  
            any wager that is not either conventional wagering (win,  
            place, show) or exotic wagering (such as quinellas and  
            exactas). An example of propositional wagering is the Kentucky  
            Derby Future Wager, where bettors wager in advance on the  
            winning horse from a list of possible Kentucky Derby entrants.  








                                                                  AB 605
                                                                  Page  2




           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916)  
          319-2081