SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

  • | print version

HB 1609 Horse racing and pari-mutuel wagering; definition of "historical horse racing."

Introduced by: Michael J. Webert | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Horse racing and pari-mutuel wagering. Establishes historical horse racing as a form of horse racing. The bill defines historical horse racing as a form of racing that creates pari-mutuel pools from wagers placed on previously conducted horse races and is hosted at (i) a racetrack owned or operated by a significant infrastructure limited licensee or (ii) a satellite facility that is owned or operated by (a) a significant infrastructure limited licensee or (b) the nonprofit industry stakeholder organization recognized by the Virginia Racing Commission and licensed to own or operate such satellite facilities. The bill establishes retainage fees similar to those already in existence for horse racing and provides for the Commission to promulgate emergency regulations.

SUMMARY AS INTRODUCED:

Horse racing and pari-mutuel wagering. Establishes historical horse racing as a form of horse racing. The bill defines historical horse racing as a form of racing that creates pari-mutuel pools from wagers placed on previously conducted horse races and is hosted at (i) a racetrack owned or operated by a significant infrastructure limited licensee or (ii) a satellite facility that is owned or operated by (a) a significant infrastructure limited licensee or (b) the nonprofit industry stakeholder organization recognized by the Virginia Racing Commission and licensed to own or operate such satellite facilities. The bill establishes retainage fees similar to those already in existence for horse racing and provides for the Commission to promulgate emergency regulations.