SB3827 Summary

• Extends advance deposit wagering authorization for one year (instead of 3 years) after the effective date of the 97th General Assembly's amendatory act.

• Directs all advance deposit wagering licensees to collectively pay $27,084 every 30 days for one year, with funds deposited equally into standardbred purse accounts of organization licensees conducting standardbred racing.

• Clarifies that civil penalties and filing fees from pari-mutuel wagering are deposited into the Horse Racing Fund rather than the General Revenue Fund.

• Makes technical changes to deposit locations for occupation license fees and creates a Horse Racing Fund as the repository for Board-collected revenues.