Sub SB 125 - "Instant Racing Systems" Act - Ohio Key Vote

Stage Details

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Title: "Instant Racing Systems" Act

Vote Smart's Synopsis:

Vote to pass a bill allowing the use of gambling machines whereby a patron bets on a horse race that has already happened and then views a video of the result rather than on a live race.

Highlights:

-Allows the operation of “instant racing systems,” whereby automatic gambling machines are used to place bets on horse races that have already happened, but the results of which are unknown to the patron (Sec. 1). -Levies a 20% tax on revenue from instant racing systems, but exempts them from any other tax (Sec. 1).

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

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