The bill amends existing laws related to pari-mutuel wagering in Wyoming, specifically authorizing agreements for exporting 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 existing fee requirements by removing the previous stipulation 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 provide services related to the enforcement of horseracing anti-doping and medication control programs, as well as racetrack safety programs. It ensures that funds for these programs are continuously 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:
Introduced: 11-25-201