Amends existing law to revise a provision regarding distribution of the source market fee.

The bill amends the distribution of Advance Deposit Wagering (ADW) funds to provide the Idaho State Racing Commission with funding to continue operations. With the loss of revenue from live racing and simulcastingfromIdaho'slargesthorseracingpark,aswellasthelossofrevenuefromtherepealofhistorical racing, the Commission's dedicated revenue stream is down 80%. Adjusting the ADW distribution will providetheCommissionwiththenecessaryrevenuetocontinuetoregulateracingatsmalltracksthroughout the state, while still providing 50% of ADW funds to the racing industry. Specifically, the bill amends the distributions as follows: 20% (from 40%) for the horsemen's purse account; 10% (from 30%) for simulcast sites; 5% (unchanged) for the track distribution fund; 5% (unchanged) for the breed distribution fund; 45% (from 5%) for the state racing commission; 5% (unchanged) for the public school income fund; and, 10% (unchanged) for track operating expenses. The bill includes an emergency clause to allow the first payments in the 2017 racing season to be distributed under the proposed formula as early as April. This will ensure the Commission has adequate funding to close out FY 2017. The bill also includes a sunset provision to allow the distribution formula to revert back at the end of calendar year 2018.