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FL S0408
Bill
Status
Failed
6/16/2025
Primary Sponsor
Regulated Industries
Click for details
AI Summary
- Thoroughbred permitholders operating slot machine facilities or cardrooms must conduct a full schedule of live racing until they formally notify the Florida Gaming Control Commission that they will cease live racing
- Notice to stop live racing is not valid unless delivered to the commission on or after July 1, 2028, and must specify a cessation date no earlier than 4 years after the notice is given, effectively preventing any permitholder from stopping live racing before July 2032
- Thoroughbred permitholders that cease live racing through the notice process retain their permits, slot machine license eligibility, cardroom license eligibility, and may serve as guest or host tracks for intertrack wagering and simulcasting
- The requirement that thoroughbred permitholders must conduct at least 90 percent of prior live performances to renew a cardroom license is eliminated; the obligation to dedicate 50 percent of cardroom net proceeds to purses and breeders' awards applies only while the permitholder is still conducting live racing
- The reduced 0.5 percent intertrack wagering tax rate applies when the guest track is within the market area of a thoroughbred permitholder that conducted a full schedule of live racing the preceding fiscal year, replacing the prior requirement that the thoroughbred permitholder be "currently conducting a live race meet"
Legislative Description
Thoroughbred Permitholders
Last Action
Died in Appropriations Committee on Agriculture, Environment, and General Government, companion bill(s) passed, see HB 7031 (Ch. 2025-208)
6/16/2025
Committee Referrals
Appropriations Subcommittee on Agriculture, Environment, and General Government4/3/2025
Full Bill Text
No bill text available