A Georgia Horse Race Gambling Measure
did not make the November 2012 ballot
in Georgia as a legislatively-referred state statute
. The measure would have established a nine-member racing commission and established how parimutuel betting would be regulated in the state of Georgia. Generated funds would have been directed towards college scholarships, pre-Kindergarten and trauma care.
Parimutuel betting refers to a form of betting in which bets are pooled together and distributed among those who bet correctly at the outcome of the event. This form of betting is most common for sports events like horse racing. According to reports, an estimated 40 states allow parimutuel betting.
The proposed measure was introduced by Rep. Harry Geisinger.
Path to the ballot
The measure required approval on a two-thirds vote by both the State House and State Senate.
- ↑ Macon.com,"Bugle sounds for Georgia horse betting," March 3, 2011
- ↑ North Fulton.com,"Georgia horse racing bill in home stretch," March 22, 2010
- ↑ SB Nation Atlanta,"Georgia Horse Race Gambling Bill Passes Committee, Now On To House And Senate," March 18, 2011