This 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 pari-mutuel simulcast signals to be credited to the general fund. Additionally, it modifies the existing fee structure by removing the requirement for a one-quarter percent (1/4%) payment to the legislative stabilization reserve account and adds a provision for the commission to enter into agreements with entities responsible for administering the federal horseracing integrity and safety act.

Furthermore, the bill allows the commission to approve requests from permit holders for interstate export of simulcast signals and provides for the continuous appropriation of funds for the horseracing anti-doping and medication control program and racetrack safety program, contingent on the availability of funds in the pari-mutuel account. The effective date for this act is set for July 1, 2025.

Statutes affected:
Introduced: 11-25-201