Oregon SB1524 allocates lottery funds to support horse racing events and facilities.

Oregon SB1524 creates a continuing allocation of lottery revenues to support specified horse racing events and facilities. The bill establishes the Horse Racing Account in the State Treasury, separate from the General Fund, to receive moneys allocated under ORS 565.447. The Oregon Racing Commission will use these funds to support horse racing events, including maintaining tracks, providing purse money and jockey incentives, funding medical professionals, purchasing safety equipment, and operating events. The allocation becomes operative July 1, 2027.

Oregon SB1524 allocates lottery funds to support horse racing events and facilities.

Oregon SB1524 creates a continuing allocation of lottery revenues to support specified horse racing events and facilities. The bill establishes the Horse Racing Account in the State Treasury, separate from the General Fund, to receive moneys allocated under ORS 565.447. The Oregon Racing Commission will use these funds to support horse racing events, including maintaining tracks, providing purse money and jockey incentives, funding medical professionals, purchasing safety equipment, and operating events. The allocation becomes operative July 1, 2027.