Horse racing: out-of-state thoroughbred races: Whitney Stakes.
The most significant change brought by AB 1437 is the exemption of races that are part of the Whitney Stakes from the existing limitation of 50 imported races per day. This alteration allows thoroughbred racing associations and fairs in California to boost the number of races they can present to their patrons during key racing days, especially in a competitive wagering environment. This could potentially lead to increased engagement and economic returns for local racing events, enhancing the state's position in the horse racing industry.
AB 1437, introduced by Assembly Member Frazier, seeks to amend Section 19596.2 of the Business and Professions Code concerning horse racing. The bill specifically addresses the distribution of audiovisual signals and the acceptance of wagers on out-of-state thoroughbred races that are conducted in the United States. It allows thoroughbred racing associations or fairs to accept wagers and distribute signals even on days without live racing, without requiring authorization from horsemen's organizations. This aims to enhance the capacity for associations and fairs to engage with a broader market and increase revenue opportunities during their racing events.
Despite the potential benefits, the bill may face contention from various stakeholders within the horse racing community, particularly those who represent horsemen and horsewomen. By sidestepping the requirement of consent for distributing signals and accepting wagers, concerns may arise about the implications for local horsemen's earnings and the overall integrity of the wagering process. The bill represents a shift in control over racing events, which could provoke debates about fairness and the protective measures typically afforded to local racing participants.