The bill amends existing laws related to pari-mutuel wagering in Wyoming, specifically focusing on 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 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.

The bill also modifies existing provisions regarding the distribution of funds from historic pari-mutuel events. It maintains the requirement for permit holders to pay one percent (1%) of the total amount wagered to local governments and one-quarter percent (1/4%) to the legislative stabilization reserve account, while removing the previous language that connected these payments. The effective date for the implementation of this act is set for July 1, 2025.

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