Modifies the definition of advance deposit wagering and outlines the distribution of fees for horse racing.

This bill modifies the definition of advance deposit wagering to clarify that it refers to wagers placed on horse races conducted outside the state. It also specifies how fees from these wagers should be distributed, with at least 50% of fees from races within the state going to racing and at least 50% of fees from races outside the state going to breeders' awards and purses. The bill aims to support the horse racing industry by improving purses, supporting breeding, and ensuring adequate regulation.

Modifies the definition of advance deposit wagering and outlines the distribution of fees for horse racing.

This bill modifies the definition of advance deposit wagering to clarify that it refers to wagers placed on horse races conducted outside the state. It also specifies how fees from these wagers should be distributed, with at least 50% of fees from races within the state going to racing and at least 50% of fees from races outside the state going to breeders' awards and purses. The bill aims to support the horse racing industry by improving purses, supporting breeding, and ensuring adequate regulation.