HB0289 - Pari-mutuel wagering-amendments.

 

2001

State of Wyoming

01LSO-0482

 

 

 

HOUSE BILL NO.  HB0289

 

 

Pari-mutuel wagering-amendments.

 

Sponsored by:

 

 

A BILL

 

for

 

 1  AN ACT relating to pari-mutuel wagering; modifying the
 2  requirement for stewards as specified; creating a special
 3  purse account; depositing a portion of simulcast wagering
 4  revenues into the account; specifying distribution of
 5  account revenues; imposing additional requirements upon
 6  simulcast permittees; increasing breeder award fund
 7  contributions; and providing for an effective date.

 8 

 9  Be It Enacted by the Legislature of the State of Wyoming:

10 

11         Section 1.  W.S. 11-25-102(a)(vii)(A) and by creating
12  a new paragraph (xi), 11-25-104(g)(intro) and 11-25-105(b)
13  by creating a new paragraph (iii), (c), (d) and (j) are
14  amended to read:

15 

16         11-25-102.  Definitions.

17 

 

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 1         (a)  As used in this act:

 2 

 3              (vii)  "Simulcasting" means the sale of
 4  pari-mutuel pools on interstate or intrastate televised
 5  pari-mutuel events as prescribed by the commission. The
 6  commission shall authorize simulcasting subject to the
 7  following conditions:

 8 

 9                   (A)  Simulcasting may be conducted only by a
10  holder of a permit to simulcast issued under this act. The
11  permit shall be authorized annually by the commission for a
12  specified number of days. The commissioners shall issue a
13  simulcast permit only to an applicant authorized under this
14  act to conduct a pari-mutuel event other than simulcasting
15  and the applicant or one (1) or more applicants holds at
16  least twenty-two (22) days of live horse racing events per
17  year;

18 

19              (xi)  "Gross handle" means the total amount
20  wagered.

21 

22         11-25-104.  Pari-mutuel commission; officers;
23  director; meetings; quorum; records; licenses generally;
24  effect of financial interest in events.

 

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 1 

 2         (g)  The commission may delegate authority to enforce
 3  rules of the commission and this act to three (3) stewards
 4  at each pari-mutuel event, at least one (1) of whom shall
 5  be an employee of and selected by the commission. The
 6  commission shall may require at least one (1) steward to
 7  supervise each simulcast location that is approved by the
 8  commission. Stewards shall exercise such reasonable and
 9  necessary authority as is designated by rules of the
10  commission including the following:

11 

12         11-25-105.  Pari-mutuel permits; fees and reports;
13  disposition of funds; enforcement of provisions.

14 

15         (b)  Every Wednesday following any pari-mutuel event,
16  the permittee shall:

17 

18              (iii)  Pay an amount equal to three percent (3%)
19  of the gross handle from the amount retained under
20  subsection (c) of this section to the commission to be
21  credited by the state treasurer to a special purse account
22  within the earmarked revenue fund in the manner specified
23  under subsection (d) of this section.

24 

 

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 1         (c)  The permittee may retain an amount equal to
 2  nineteen and four-tenths percent (19.40%) of the total
 3  amount wagered shown by the report and may retain up to an
 4  additional five percent (5%) of the amount wagered on
 5  multiple or exotic wagers. The permittee shall retain the
 6  breakage on not more than ten cents ($.10) and retain
 7  unclaimed tickets not claimed within one (1) year following
 8  the event for the expenses of the race meet and purses and
 9  for the promotion of the racing industry. Of the amount
10  retained under this subsection, the permittee shall pay
11  three percent (3%) of the gross handle to the commission as
12  provided under paragraph (b)(iii) of this section.

13 

14         (d)  All sums paid to the commission under this act
15  except contributions from permittees to the breeder award
16  fund, fines and penalties and payments by permittees to the
17  special purse account within the earmarked revenue fund,
18  shall be credited to the pari-mutuel account within the
19  earmarked revenue fund which shall be used by the
20  commission for the payment of all expenses incurred in
21  enforcing this act. All fines and penalties assessed under
22  this act shall be credited to the county public school
23  fund. Amounts deposited into the special purse account
24  created under paragraph (b)(iii) of this section shall be

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 1  distributed by the state treasurer to all permittees
 2  holding at least one (1) live pari-mutuel event during the
 3  preceding calendar year based upon the number of race days
 4  and the number of races held during that year. Permittees
 5  receiving distributions from the special purse account
 6  under this subsection shall add not less than eight percent
 7  (8%) of the total amount wagered at each live event to
 8  purses offered by the permittee at that event. The state
 9  treasurer shall pay out of the pari-mutuel account all
10  warrants drawn by the state auditor, upon vouchers issued
11  and signed by the president, vice-president or executive
12  secretary of the commission. The commission shall keep an
13  accurate and true account of all funds received and all
14  vouchers issued by the commission. All funds received and
15  all vouchers issued by the commission shall be audited at
16  least biennially by the director of the state department of
17  audit or his designee and a copy of the audit shall be
18  delivered within thirty (30) days after completion to the
19  governor and the commission. The costs of the audit shall
20  be borne by the commission. The members of the commission
21  shall receive statutory per diem expenses and mileage as
22  allowed state employees, and compensation of fifty dollars
23  ($50.00) for each day during which they are actually
24  engaged in the discharge of their duties. The total

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 1  expenses incurred by the commission shall not exceed the
 2  total amount in the pari-mutuel account.

 3 

 4         (j)  As a condition of receiving a pari-mutuel permit,
 5  the permittee shall agree to and shall contribute to the
 6  breeder award fund administered by the commission an amount
 7  equal to four-tenths of one percent (0.40%) five-tenths of
 8  one percent (0.50%) of the total handle wagered during the
 9  pari-mutuel event and an additional sum equal to twenty
10  percent (20%) of the additional amount retained pursuant to
11  subsection (c) of this section on multiple or exotic
12  wagers. The contribution shall be derived from the net
13  proceeds of the race meet revenues, other than the
14  permittee's share of the pari-mutuel wagering handle.
15  Contributions shall be used only for breeder awards.

16 

17         Section 2.  This act is effective July 1, 2001.

18 

19                         (END)

 

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