House Bill No. by Representative Robby Carter aims to amend and reenact specific provisions of Louisiana's horse racing laws, particularly R.S. 4:141, 147(A)(2)(d), and R.S. 27:607. The bill establishes the legislative intent that pari-mutuel wagering facilities offering live horse racing significantly contribute to the state's economic development, especially in the agricultural and horse breeding sectors. It also emphasizes the state's responsibility to provide financial assistance to licensed horse racing tracks, ensuring the integrity and regulation of horse racing practices for public health and safety.

Additionally, the bill modifies the Louisiana State Racing Commission's authority by allowing it to appoint up to three stewards, enhancing its regulatory capabilities. It also clarifies the conditions under which a sports wagering licensee, defined as an association, may conduct pari-mutuel wagering in its retail sports book lounge, ensuring compliance with an approved operational plan. These changes aim to strengthen the horse racing industry in Louisiana while maintaining oversight and promoting fair practices.

Statutes affected:
HB503 Original: 4:147(A)(2)