Minnesota HF4353 modifies the definition of advance deposit wagering and allocates proceeds to improve the horse racing industry.

Minnesota HF4353 amends the definition of advance deposit wagering to include wagers placed on horse races conducted outside the state. It also modifies the distribution of source market fees from advance deposit wagering. At least 50 percent of these fees must be set aside for breeders awards and purses, with 33 percent going to the state for breeders awards. The remaining fees are to be paid to purse accounts for races held at the racetrack, supporting the industry by improving purses, breeding, and regulation.

Minnesota HF4353 modifies the definition of advance deposit wagering and allocates proceeds to improve the horse racing industry.

Minnesota HF4353 amends the definition of advance deposit wagering to include wagers placed on horse races conducted outside the state. It also modifies the distribution of source market fees from advance deposit wagering. At least 50 percent of these fees must be set aside for breeders awards and purses, with 33 percent going to the state for breeders awards. The remaining fees are to be paid to purse accounts for races held at the racetrack, supporting the industry by improving purses, breeding, and regulation.