HB 3418
Relating to fixed odds wagering on dog racing
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill seeks to establish fixed odds wagering on dog racing in West Virginia. It amends existing state code sections to define key terms, including ‘fixed odds wagering on dog racing,’ and creates a new framework for this type of wagering. The bill also proposes the creation of a dedicated fund to support fixed odds wagering on dog racing, with revenue generated from wagers allocated to this fund. It establishes penalties for violations related to sports wagering operations.
Key provisions
- Defines ‘fixed odds wagering on dog racing’ as accepting wagers on live dog races with predetermined odds.
- Creates a ‘Fixed Odds Horse Racing Wagering Purse Supplement Fund’ and a ‘Fixed Odds Dog Racing Wagering Purse Supplement Fund’ to support purses for racing.
- Establishes a process for allocating 10% of licensee’s adjusted gross wagering receipts from fixed odds wagers to these funds.
- Outlines penalties for various violations related to sports wagering operations, including fraud, underage gambling, and tampering with equipment.
- Requires operators to post notices regarding wagering prohibitions and penalties.
- Prohibits wagering by owners, trainers, jockeys, and Racing Officials on events in which they are participating.
- Addresses interstate wagering regulations for horse racing.
- Establishes minimum internal control standards (MICS) for licensed operators.
Who is affected
- West Virginia residents who wish to participate in dog racing wagering.
Sponsors
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Primary sponsor
Cosponsors
Flanigan
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