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, it allows for the operation of certain wagering and gaming machines during weeks when racetracks are importing race meets from other New Mexico-licensed tracks. The bill also empowers the state auditor to conduct audits of racetracks, ensuring compliance with financial regulations.

Further amendments include provisions for pari-mutuel wagering, specifying that it is only permitted on licensed premises during live race meets or during weeks when races are imported. The bill also outlines the conditions under which racetracks can participate in interstate common pools for wagering, including tax implications and the distribution of winnings. Overall, these changes aim to enhance the regulatory framework for horse racing and gaming in New Mexico, promoting transparency and operational integrity within the industry.

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