Bill No.: HB0025 Drafter: LGC
LSO No.: 13LSO-0220 Effective Date: 7/1/2013
Enrolled Act No.: HEA0046
Chapter No.: CH0075
Prime Sponsor: Representative Wallis
Catch Title: Simulcasting of pari-mutuel events.
Subject: Authorizing pari-mutuel wagering on historic pari-mutuel events.
Summary/Major Elements:
· This act permits the pari-mutuel commission to promulgate rules to allow wagering on events that have previously occurred, using an electronic system or device that affords an opportunity for the exercise of skill or judgment where the outcome is not completely controlled by chance alone.
· Pari-mutuel events are limited in current law to horse racing, harness racing, cutter racing, chariot racing, chuckwagon racing, dog racing and professional roping events.
· This act requires one-half of one percent of the total amount wagered on those historic events to be distributed to the pari-mutuel commission and one percent of the total amount wagered on those historic events to be distributed to the county, city and town in which the permittee collecting the wagers is located.