OR HB3332

Modifies distribution of Oregon Racing Commission revenue from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs: 10% retained by commission for operating expenses and safety initiatives, 15% split equally among three horse racing associations, and 75% distributed for pari-mutuel racing industry benefit

Eliminates the previous requirement that 25% of these funds be deposited in the General Fund

Requires recipients to expend distributed funds and submit detailed expenditure reports within 24 months of receipt

Establishes clawback provision requiring return of unexpended funds or unreported expenditures to the commission

Creates the Horse Racing Safety Fund in the State Treasury to receive clawed-back moneys and unexpended commission funds, with continuous appropriation for horse and jockey safety initiatives