HB 4005 Summary

• Authorizes race meeting licensees to conduct pari-mutuel wagering on live horse races run in the past, subject to local ordinance approval and racing commissioner oversight.

• Permits simulcasting and pari-mutuel wagering to continue on days when fewer than 8 live races are programmed, with written consent from certified horsemen's organizations.

• Implements a 1% tax on pari-mutuel wagering conducted on past live horse races, with 90% allocated to the Michigan agriculture equine industry development fund and 10% to the horse racing advisory commission.

• Establishes a 1% tax on wagers processed through licensed third-party facilitators, with similar allocation between the equine development fund and racing advisory commission.

• Expands definitions and procedures for pari-mutuel wagering to clarify that it includes wagering systems that do not require the race meeting licensee to hold a stake in the outcome, excluding video lottery and other gambling products.