The bill amends various sections of the Nebraska Revised Statutes concerning the State Racing and Gaming Commission, introducing new definitions and modifying the commission's powers and duties. Key changes include the requirement for racetrack enclosures to be licensed, the establishment of a new Racetrack Gaming Fund, and the elimination of the Racing Cash Fund. It mandates fingerprinting and criminal history checks for individuals involved in horseracing, with certain exemptions. The bill also clarifies the distinction between licenses for conducting horseracing meets and those for racetrack enclosures, allowing licenses to be granted for up to three years instead of five, while retaining the commission's authority to revoke licenses for good cause.

Additionally, the bill sets new operational requirements for racetracks, including a minimum of five live racing meet days and fifty live horseraces annually starting January 1, 2026, with phased increases over time. It allows existing racetracks to relocate to counties without racetracks, subject to commission approval. The bill also outlines a structured payment plan for gaming operator licenses, requiring an initial payment of one million dollars and annual payments until a total of five million dollars is reached. It updates the process for criminal background checks and modifies tax structures and penalties related to gaming revenue. Furthermore, it clarifies procedures for tax lien management and exempts the horseracing industry from certain liability provisions while maintaining accountability under specific circumstances.

Statutes affected:
Introduced: 2-1201, 2-1202, 2-1203, 2-1203.01, 2-1203.02, 2-1204, 2-1205, 2-1223, 2-1225, 2-1244, 2-1245, 9-1101, 9-1103, 9-1106, 9-1107, 9-1108, 9-1203, 9-1205, 9-1206, 9-1207, 9-1208, 9-1209
Final Reading: 2-1201, 2-1202, 2-1203, 2-1203.01, 2-1203.02, 2-1204, 2-1205, 2-1223, 2-1225, 2-1244, 2-1245, 9-1101, 9-1103, 9-1106, 9-1107, 9-1108, 9-1203, 9-1205, 9-1206, 9-1207, 9-1208, 9-1209
Slip Law: 2-1201, 2-1202, 2-1203, 2-1203.01, 2-1203.02, 2-1204, 2-1205, 2-1223, 2-1225, 2-1244, 2-1245, 9-1101, 9-1103, 9-1106, 9-1107, 9-1108, 9-1203, 9-1205, 9-1206, 9-1207, 9-1208, 9-1209