The bill amends existing laws related to pari-mutuel wagering in Wyoming, specifically addressing the export of thoroughbred horseracing simulcast signals out-of-state. It introduces a new fee structure, requiring permit holders to pay six percent (6%) of the net proceeds from covered thoroughbred horserace revenues attributable to the interstate export of these simulcast signals, which will be credited to the general fund. Additionally, it modifies the existing fee structure by maintaining a one percent (1%) fee for historic pari-mutuel events and a one-quarter percent (1/4%) fee for the legislative stabilization reserve account.

Furthermore, the bill allows the Wyoming commission to enter into agreements with entities responsible for administering the federal horseracing integrity and safety act to ensure compliance with anti-doping and medication control programs, as well as racetrack safety programs. It stipulates that funds for these programs will be appropriated from the pari-mutuel account, subject to availability, and mandates that the commission remit these funds in accordance with federal law. The act is set to take effect on July 1, 2025.

Statutes affected:
25LSO-0232 v0.5: 11-25-201