South Dakota HB1058 requires licensure for online pari-mutuel wagering pools for horse and dog races and clarifies tax application.

South Dakota HB1058 mandates that any person offering online pari-mutuel wagering on horse or dog races must be licensed. It also specifies that such operations are subject to tax under the multi-jurisdictional totalizator hubs provisions. The bill clarifies that the state receives a portion of the total contributions, with specific percentages allocated to the special racing revolving fund and the South Dakota-bred racing fund. It also allows licensees to participate in interstate combined wagering pools, adopting the take-out of the host jurisdiction or facility.

South Dakota HB1058 requires licensure for online pari-mutuel wagering pools for horse and dog races and clarifies tax application.

South Dakota HB1058 mandates that any person offering online pari-mutuel wagering on horse or dog races must be licensed. It also specifies that such operations are subject to tax under the multi-jurisdictional totalizator hubs provisions. The bill clarifies that the state receives a portion of the total contributions, with specific percentages allocated to the special racing revolving fund and the South Dakota-bred racing fund. It also allows licensees to participate in interstate combined wagering pools, adopting the take-out of the host jurisdiction or facility.