This initiated bill authorizes the operation of video lottery terminals at certain existing regulated pari-mutuel facilities. The initiated bill establishes a regulatory framework for the operation of video lottery terminals, including standards for the registration of the terminals and the licensing of video lottery terminal manufacturers, distributors, wholesalers and operators. Video lottery terminal use is limited to the hours between noon and one hour after midnight. Video lottery terminal use by a person under 21 years of age is prohibited. The initiated bill specifies the allocation of net video lottery terminal income to include the following: 40% to be sent to the Treasurer of State and distributed through municipal revenue sharing; up to 26% to be paid to the distributor who owns the video lottery terminal; 5% to be used to supplement harness racing purses; 1% to be used for purses in sire stakes races; 3% to be used by the Department of Public Safety to cover administrative costs; 2% to benefit the State's agricultural fairs; and the balance to be retained by the person licensed to operate the video lottery terminal. Primary responsibility for administering and enforcing video lottery terminal laws and rules is given to the Chief of the State Police.