Bill Summary: SB0396 - Horse Racing Pari-Mutuel Wagering

• Authorizes race meeting licensees to conduct pari-mutuel wagering on live horse races run in the past, subject to local ordinance approval and tribal compact restrictions, with a maximum of 1,500 terminals per racetrack.

• Establishes 19% tax on adjusted gross receipts from past-performance horse racing wagering, with revenues allocated to schools (45%), local governments (13%), equine industry development (25%), large cities (13%), and racing advisory commission (4%).

• Creates pari-mutuel racing supplier licenses for equipment and service providers, with $5,000 initial fee and $2,500 annual renewal fees, subject to suitability standards and racing commissioner oversight.

• Modifies track and race meeting license procedures to allow applications after annual deadlines for 2022-2024 and reduces distance requirements between new racetracks from 50 miles to 40 miles for first-time applicants.

• Increases standardbred and thoroughbred breeders' awards from 10% to 20% of purses and increases purse supplement percentages for fairs from 75% to 85%, while establishing caps on equine industry development fund allocations.