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Amend the bill in section 1 in subsection 7-A in the first line (page 1, line 3 in L.D.) by striking out the following: "6.5%" and inserting the following: '4%'
Amend the bill by striking out all of sections 2 and 5.
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment changes the definition in the bill of "net commission" to reduce the reduction for amount wagered from 6.5% to 4%. The amendment removes the section in the bill that provides an exception to the requirement that an off-track betting licensee must also have a liquor license. The amendment also strikes the provision of the bill that eliminates payments of the off-track betting facility simulcast fund share to a commercial track whose parent company operates a casino in the State.