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 pari-mutuel simulcast signals, which will 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 provisions for the distribution of funds to local governments.

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 establishes a continuous appropriation of funds from the pari-mutuel account to support these programs, contingent on the availability of funds. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 11-25-201