Takeout Legislation

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Schwarzenegger Vetoes Workers' Comp Takeout Bill

Schwarzenegger Vetoes Workers' Comp Takeout Bill

California Gov. Arnold Schwarzenegger Thursday vetoed horseracing legislation that would have increased the takeout percentage on exotic wagers to help offset the costs of workers' compensation insurance premiums to horsemen.

Calif. Takeout Bill Could be Signed This Week

California racing officials are hopeful that Gov. Arnold Schwarzenegger will sign legislation this week that would increase the takeout on exotic wagers by a half of a percentage point to help offset rising workers' compensation insurance premiums.

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