Pari-mutuel wagering; historical horse racing; percentage retained for distribution. Provides that with respect to all authorized historical horse racing terminals, of the amount that a horse racing licensee retains from wagering on historical horse racing pools, 0.025 percent shall be provided to each of the following: (i) the Virginia Breeders Fund; (ii) the Virginia-Maryland Regional College of Veterinary Medicine, for its equine programs; (iii) the Virginia Horse Center Foundation; and (iv) the Virginia Horse Industry Board. The bill also provides that, in addition to the amount horse racing licensees distribute to localities and the Problem Gambling Treatment and Support Fund under current law, such licensees shall distribute the remainder of the percentage retained to the Commonwealth as a license tax. This bill is identical to HB 843.

Statutes affected:
Senate: Prefiled and ordered printed; offered 01/10/24 24100426D: 59.1-392
Senate: Bill text as passed Senate and House (SB426ER): 59.1-392
Governor: Acts of Assembly Chapter text (CHAP0506): 59.1-392