The bill amends existing laws related to pari-mutuel wagering in Wyoming by introducing a new definition for "breakage" and specifying the distribution of breakage amounts from historic pari-mutuel events. The new definition states that "breakage" refers to the odd cents on any sum otherwise distributable in a pari-mutuel pool. This addition aims to clarify the financial aspects of pari-mutuel wagering and ensure proper accounting of these amounts.

Furthermore, the bill mandates that every Wednesday following a pari-mutuel event, permit holders must pay a specified percentage of the total amount wagered on both historic and live events, along with the breakage amount from historic events. This breakage will be credited to a separate account managed by the state treasurer. The bill is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 11-25-102, 11-25-201