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ID S1087

Bill

Status

Introduced

2/13/2017

Primary Sponsor

State Affairs Committee

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Changes the distribution of advance deposit wagering source market fees from 40% to purses to 20%, reducing purse funding by half.

  • Increases simulcast site distribution from 30% to 10% of the source market fee, reducing those payments by two-thirds.

  • Increases Idaho state racing commission allocation from 45% to 45%, with changes to payment timing from monthly to monthly for the commission portion.

  • Adds requirement that track operating expense distributions be weighted based on the number of race days run annually.

  • Declares an emergency effective retroactively to January 1, 2017, with all amendments set to expire on January 1, 2019.

Legislative Description

Amends existing law to revise a provision regarding distribution of the source market fee.

HORSE RACING

Last Action

Reported Printed; referred to State Affairs

2/14/2017

Committee Referrals

State Affairs2/14/2017
Judiciary and Rules2/13/2017

Full Bill Text

No bill text available