This bill creates the Pari-mutuel Horse Racing Commission and allows for pari-mutuel horse racing and wagering.
This bill:
- defines terms;
- creates the Pari-mutuel Horse Racing Commission (commission);
- provides for the commission's membership, authority, and duties;
- requires the state auditor to audit the commission's accounting;
- allows the commission to issue licenses and permits for pari-mutuel events;
- allows the commission to enforce fines and penalties for permit and license violations;
- requires voters to approve pari-mutuel horse racing and wagering within a county before the commission issues permits in the county;
- requires a permittee other than a political subdivision to post a bond or other financial assurance;
- provides for simulcasting and advance deposit pari-mutuel wagering;
- provides for takeouts of certain percentages from the winning wagers for certain purposes;
- prohibits bribery, touting, and wagering involving minors;
- requires the identification of horses;
- prohibits certain treatment of animals in relation to pari-mutuel events; and
- creates restricted accounts.