Assembly Bill 900 (Jerome Horton, D-Inglewood) may pass as an urgency measure January 12, allowing California horse race-track owners an increase in the take-out on exotic wagers by a half of a percentage point, earmarked to offset workers' compensation costs.California horse owners and track operators are required by the Business and Professions code to maintain certain levels of workers' compensation insurance, and the industry has been hit hard, as other California industries have, over the past few years with sky rocketing rates. A deal last year with AIG to trim expenses has been partiall...
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