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ID S1087
Bill
Status
2/13/2017
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Changes the distribution of advance deposit wagering source market fees from 40% to purses to 20%, reducing purse funding by half.
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Increases simulcast site distribution from 30% to 10% of the source market fee, reducing those payments by two-thirds.
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Increases Idaho state racing commission allocation from 45% to 45%, with changes to payment timing from monthly to monthly for the commission portion.
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Adds requirement that track operating expense distributions be weighted based on the number of race days run annually.
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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