Pari-mutuel wagering; historical horse racing, percentage retained for distribution.
Continued from last session
Summary
HB 49 amends Virginia’s pari‑mutuel wagering law to require that 0.0125% of the retainage from historical horse‑racing pools be paid to the Shenandoah County Agricultural Foundation and the Great Meadow Foundation. It also codifies how all other retainage – from live, simulcast and satellite wagering – is divided among the state, localities, industry funds and charitable programs. The changes affect racetrack operators, satellite facilities, and the various horse‑industry groups that receive the allocated percentages.
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