WV HB5464

Creates a new "West Virginia Certified Thoroughbred" classification for horses that complete six consecutive months of verifiable state residency prior to their three-year-old year, with these horses eligible for restricted race purses but ineligible for WV Accredited Stakes Races, WV Breeders Classics, and the Thoroughbred Development Fund

Increases the annual cap on restricted race funding from $1 million to $2 million for thoroughbred racetracks that did not participate in the West Virginia Development Fund for four consecutive years prior to December 31, 1992

Grants accredited West Virginia thoroughbreds an additional 10% of purses in restricted races effective July 1, 2026, while giving them preference over West Virginia Certified thoroughbreds only when fields are oversubscribed

Adjusts the net terminal income threshold for racetrack video lottery distributions to account for cumulative inflation from June 30, 2001 to June 30, 2026, with continued annual inflation adjustments thereafter

Requires all licensed racing associations to deposit 5% of signal transmission fee remainders to the Racing Commission General Administrative Account after existing deductions for pension plans, development funds, and direct broadcast costs