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SB22-117

Gross Receipts Of Out-of-state Pari-mutuel Bets

Concerning the meaning of the term "gross receipts" when it is used to describe money received by certain racing licensees from out-of-state pari-mutuel wagering facilities.
Session:
2022 Regular Session
Subject:
Gaming, Lottery, & Racing
Bill Summary

Current law prohibits a racing or simulcast facility licensee for the racing of greyhounds or horses to take more than a certain percentage of the gross receipts of any pari-mutuel wagering on the races or simulcast races. The bill states that, when "gross receipts" is used in reference to money received by a licensee from an out-of-state simulcast facility, the term means money received by the licensee after the out-of-state simulcast facility has deducted the costs, signal fees, and taxes that it is required to pay to its regulatory and taxing authorities.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. D. Coram, Sen. R. Fields

Sponsor

Co-sponsor

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