HB 1444 Summary

• Establishes rent limits for historic horse racing machines at licensed venues: $150 per machine for first five machines, $75 per additional machine, with $3,000 monthly maximum.

• Creates new section 53-06.2-10.2 authorizing pari-mutuel wagering on historic horse races (previously conducted races with official results) on electronic gaming devices at simulcast facilities under specific conditions including minimum two terminals, $25 wager maximum, and independent software testing.

• Requires service providers offering historic horse race wagering to post a $500,000 bond and submit detailed rules covering mathematical models, pool configurations, payout methodologies, and game specifications to the racing commission.

• Sets deduction rates and fund allocations for historic horse race wagering: licensees may deduct maximum 12% of amounts wagered, with distributions to state general fund, breeders' fund, purse fund, racing promotion fund, and gambling disorder prevention fund.

• Imposes per-machine fee cap of $625,000 per biennium for commission regulation and oversight of historic horse race wagering.