CA Horse Racers May Get Further Reform Relief

AB 701 (Jerome Horton, D-Inglewood), a bill that is estimated would raise $9.5 to $10 million annually in workers' compensation relief for California race horse owners by increasing the takeout on bets, passed through the Senate on Thursday on a 31-6 vote. The bill would add and repeal Sections 19605.75, 19605.76, 19605.77 and 19605.78 of the Business and Professions Code as an urgency measure.The state's takeout rate would be increased by by one-half of 1%, from 20.18% to 20.68% until January 2009.Earlier this year, while the heat was on the Governor and the Legislature to come up with a wo...