The bill amends the Horse Racing Act to establish new requirements for racetracks to maintain their gaming operator's licenses based on the number of live race days conducted. Specifically, it mandates that racetracks must schedule a minimum of fifteen weeks for an authorized race meet, with three live race days per week for those that paid gaming tax of $8 million or less in the prior fiscal year, and four live race days per week for those that paid more than $8 million. Additionally, the bill stipulates that live racing must begin on the first day of the race meet and conclude on the final day, with no more than three consecutive days allowed to lapse between live racing events.

Furthermore, the bill modifies the conditions under which a racetrack's gaming operator license may become void. It specifies that a racetrack that paid more than $8 million in gaming tax must maintain a minimum of four live race days per week, while those that paid $8 million or less must maintain at least three live race days per week. The bill also introduces provisions that allow for variances in the number of live race days or races, provided that the racetrack obtains written approval from the state racing commission for such changes due to specific circumstances beyond their control.

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