The bill amends several sections of the New Mexico Horse Racing Act to clarify regulations surrounding horse racing, simulcasting, and gaming operations at racetracks. Notably, it designates the New Mexico Horsemen's Association as the required horsemen's group under the federal Interstate Horseracing Act of 1978. Additionally, the bill allows for certain wagering and gaming machines to be operated during weeks when racetracks are conducting live races or simulcasting races from other New Mexico-licensed tracks. The state auditor is also granted the authority to audit racetracks, ensuring compliance with financial regulations.

Key amendments include the insertion of provisions that permit racetracks to operate gaming machines on weeks when they are importing races from other licensed tracks, and the removal of previous restrictions on the days when gaming machines could be played. The bill also outlines the conditions under which racetracks may maintain their gaming operator licenses, including requirements for live racing days and the number of races conducted. Overall, the bill aims to enhance the operational framework for horse racing and gaming in New Mexico, promoting both the industry and regulatory oversight.

Statutes affected:
introduced version: 60-1A-16, 60-1A-17, 60-1A-20, 60-2E-27