Historical Horse Racing
Purpose of legislation
Establishes historical horse racing as a form of horse racing. The bill defines historical horse racing as a form of racing that creates pari-mutuel pools from wagers placed on previously conducted horse races and is hosted at (i) a racetrack owned or operated by a significant infrastructure limited licensee or (ii) a satellite facility that is owned or operated by (a) a significant infrastructure limited licensee or (b) the nonprofit industry stakeholder organization recognized by the Virginia Racing Commission and licensed to own or operate such satellite facilities. The bill establishes retainage fees similar to those already in existence for horse racing and provides for the Commission to promulgate emergency regulations.
|Legislation mandating a change||Chap 811 (2018)|
|VAC chapters to be amended|
|Associated Regulatory Actions||
|Deadline for the regulation to become effective||10/9/2018|