SB 936
Providing WV certified thoroughbred eligibility
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill makes changes to regulations governing horse racing in West Virginia, primarily focusing on defining ‘West Virginia certified thoroughbred’ horses and establishing rules for purses and funding. It increases the amount racetracks can receive from the state for restricted races, adjusts funding for the West Virginia Thoroughbred Development Fund, and provides for inflation adjustments to net terminal income distribution. The bill also aims to incentivize the breeding and racing of thoroughbreds within the state.
Key provisions
- Defines ‘West Virginia certified thoroughbred’ horses with specific registration and residency requirements.
- Establishes requirements and purse calculations for West Virginia certified thoroughbreds racing in restricted races.
- Increases the maximum funding available for restricted races by thoroughbred racetracks that haven't participated in the West Virginia Development Fund in recent years.
- Provides for an inflation adjustment to the net terminal income deposited in the state Excess Lottery Revenue Fund.
- Creates a 10-point distribution plan for the net terminal income, including allocations to the Commission, counties, municipalities, and various funds.
- Allows interstate simulcasts by licensed racetracks under federal law.
- Addresses the distribution of funds related to the West Virginia Thoroughbred Development Fund.
- Details requirements for reporting and accounting related to video lottery terminal income.
Who is affected
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