Horse racing: out-of-state thoroughbred races: New York Stakes.
The proposed legislation is positioned to impact the operations of thoroughbred racing associations in California by allowing for greater flexibility in the number of out-of-state races that can be conducted and wagered upon during specific events. This change could help boost the profile and viability of California's horse racing scene compared to its out-of-state counterparts, particularly during high-profile racing events that draw significant public interest. The bill might lead to increased economic activity within the state's horse racing industry, encouraging more wagering and engagement among horse racing enthusiasts.
Assembly Bill No. 1389, introduced by Assembly Member Blanca Rubio, seeks to amend Section 19596.2 of the Business and Professions Code concerning horse racing regulations. The bill aims to specifically exempt races that are part of the New York Stakes from the existing limitation that prohibits thoroughbred racing associations or fairs from importing more than 75 out-of-state thoroughbred races per day during live racing periods. This means that when there is live racing, associations could import additional races from the New York Stakes without being restricted by the aforementioned cap, potentially increasing betting revenues on significant race days.
While the bill appears to hold significant potential for expanding wagering opportunities and increasing state revenues from horse racing, it may also spark contention among various stakeholders in the racing community. Critics might raise concerns about how exempting specific races from regulatory limits could disrupt the existing balance of race distribution and wagering practices. There may also be discussions regarding the implications of increased competition between California races and prominent out-of-state events, which could strain local economic interests or horsemen and horsewomen who might feel sidelined by such legislative changes.