2007 House Bill 5058 (Increase horse race bet commission charges )

[Comments on this legislation] [Post new comment] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

Introduced by Rep. George Cushingberry (D) on July 24, 2007, to increase the maximum commission that horse race tracks are allowed to take out of horse race bets, and require them to pay two thirds of the increase to the Michigan agriculture equine industry development fund that subsidizes the horse race industry. Under current law, racetracks may charge up to 28 percent of the amount bet, and 35 percent with permission of the state racing commissioner. The bill would raise these to 31 percent and 38 percent, respectively.
- Referred to the House Regulatory Reform Committee on July 24, 2007.

Most Recent Comments

1) bettor [by Anonymous Citizen on July 30, 2007]
Thats a big share to be taken out for the bettor,you have a better chance at the casino. a informed bettor will go elsewhere. Nice Job
Reply

Line

2) Vice President [by cmdrawol on July 27, 2007]
This is a step in the right direction for the Horsemen and women out there. However it penalizes the tracks. We need to make sure the tracks where we take our horses to race are making enough money to stay in business. Without them all the subsizing will be for naught. We thank you however for the proposed legislation.
Reply

Line

3) 2007 House Bill 5058 (Increase horse race bet commission charges ) [by admin on January 1, 2001]
Introduced in the House on July 24, 2007

Click here to view bill details.
Reply

Line

View Full Conversation