The bill amends the Kansas Parimutuel Racing Act to update the qualifications for obtaining organization licenses and redefine horsemen's associations and nonprofit organizations. Notably, it removes specific geographic restrictions that previously limited horsemen's associations and nonprofit organizations to racetracks adjacent to fair association premises, allowing for broader eligibility in applying for licenses. The bill also introduces new definitions related to parimutuel wagering, such as "breakage," "facility owner licensee," and "historical horse race machine." Additionally, it establishes a simplified application process for fair associations and horsemen's nonprofit organizations, detailing the investigation process for eligibility and setting application fees for organization and facility owner licenses.

Moreover, the bill outlines the licensing requirements for facility owners and managers, stipulating that a facility manager license can only be granted to those with a valid management contract with a licensed organization. It includes disqualifications for applicants based on past suspensions, criminal convictions, and financial irresponsibility, while mandating annual reviews of licenses by the commission. Significant changes also include the creation of the Kansas horse breeding development fund and the horse fair racing benefit fund, which will receive a portion of taxes from parimutuel wagering, with specified uses for these funds. The bill aims to streamline the regulatory framework governing parimutuel wagering in Kansas and will take effect upon publication in the statute book.

Statutes affected:
As introduced: 40-3807, 40-3809
As Amended by Senate Committee: 40-3807, 40-3809
As Amended by House Committee: 40-3807, 40-3809
Enrolled: 74-8802, 74-8814, 74-8813, 74-8815, 74-8826, 74-8829, 74-8838