The Division of Pari-Mutuel Wagering is effectively carrying out its mission to regulate horse and dog races and cardroom and jai alai games. However, over the last decade, Florida's pari-mutuel wagering industry has declined steadily, with attendance and state revenue falling dramatically. The Legislature has amended pari-mutuel wagering laws several times in an effort to stimulate the industry. Nonetheless, the industry no longer generates sufficient revenue to support both the cost of regulation and the $29.9 million distribution to counties mandated by current law. To assist the industry and ensure that the state does not have negative fiscal impacts due to declining pari-mutuel revenues, the division and Legislature could consider additional steps to cut state regulatory costs, aid the industry, and/or revise the distribution of funds to counties.