Virginia HB49 outlines the distribution of percentages from pari-mutuel wagering on horse racing.
Virginia HB49 specifies the distribution of percentages from pari-mutuel wagering on horse racing. It allocates eight percent as purses or prizes to participants, seven and a half percent to the operator, and one percent to the Virginia Breeders Fund. Additionally, it designates fifteen one-hundredths percent to the Virginia-Maryland Regional College of Veterinary Medicine, five one-hundredths percent each to the Virginia Horse Center Foundation, Virginia Horse Industry Board, and Virginia Thoroughbred Association. The remainder is paid to the Commonwealth as a license tax.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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