Amends the racing, pari-mutuel wagering, and breeding law to adjust payments from off-track betting corporations to regional harness tracks.
The bill amends the racing, pari-mutuel wagering, and breeding law to adjust the payments made by off-track betting corporations to regional harness tracks. Specifically, it sets a schedule for payments from out-of-state and out-of-country simulcast revenue. Payments will be two percent of the proportionate share of excess handle for calendar years through 2025, decreasing to one-half of one percent by 2028. Payments will cease entirely starting in 2029.
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