I. Two percent of the total gross slot machine income, |
except income from slot machines operated at a tribal |
commercial track, must be forwarded by the board to the |
Treasurer of State, who shall credit the money to the Fund |
to Stabilize Off-track Betting Facilities established by |
section 300, as long as a facility has conducted off-track |
wagering operations for a minimum of 250 days during the |
preceding 12-month period in which the first payment to the |
fund is required. After 48 months of receiving an |
allocation of the total gross slot machine income from a |
licensed operator, the percent of total slot machine income |
forwarded to the Fund to Stabilize Off-track Betting |
Facilities is reduced to 1% with the remaining 1% to be |
forwarded to the State in accordance with subsection 1; and |