require licensure for online pari-mutuel wagering pools for horse and dog races, and clarify the application of tax therefor.

Summary

The bill forces any online platform that offers pari‑mutuel wagering on horse or dog races to obtain a South Dakota license as a multi‑jurisdictional totalizator hub. It also spells out how the state and two racing funds are taxed on contributions from those pools, with different rates for in‑state operators and out‑of‑state platforms that serve South Dakota bettors. The goal is to regulate online wagering, align with federal law, and define revenue sharing.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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