Under existing law, pari-mutuel wagering on horse racing has been determined to be a game of skill authorized under the Constitution of Alabama of 2022. This bill would establish the Horse Racing Modernization Act to establish the Alabama Racing Commission and provide for the issuance of licenses to conduct horse racing. This bill would provide for a tax on certain racing revenues and provide for the distribution of the tax proceeds. This bill would enter into the Interstate Compact on Licensure of Participants in Live Racing with Pari-mutuel Wagering. This bill would also provide criminal penalties for a violation.