The original instrument was prepared by Michelle D. Ridge. The following digest,
which does not constitute a part of the legislative instrument, was prepared by Alan
Miller.
DIGEST
SB 173 Engrossed 2023 Regular Session Foil
Present law provides relative to the conduct of slot machine gaming at race tracks.
Present law designates and recognizes the Horsemen's Benevolent and Protective Association
(HBPA) as an authorized representative that shall represent member and other horsemen.
Proposed law provides that the HBPA is the authorized representative that shall represent member
and other horsemen.
Present law requires monies designated for purses under present law be deposited by the race track
association in a separate interest-bearing account when earned and shall remain in that account until
the first day of the next race meeting of the appropriate breed, with monies earned as interest being
designated for purses.
Proposed law requires monies designated for purses be remitted from the race tracks to the HBPA
within 10 business days to be deposited in a separate interest-bearing account when earned and shall
remain in that account until the first day of the next race meeting of the appropriate breed, with
monies earned as interest being designated for purses.
Present law provides that as a condition of licensing and to maintain continued authority for the
conduct of the slot machine gaming at a race track, the owner of the track must comply with certain
requirements, including the requirement that the owner contribute to the support of pari-mutuel
wagering activities and the horse breeding industry by paying a fixed percentage of 15% of the
annual net slot machine proceeds received to supplement horse race purses. Provides that 4% of that
fixed amount shall go to the HBPA.
Proposed law requires the race tracks to pay the HBPA by the 20th day of each month a fixed
percentage of 15% of the previous month's net slot machine proceeds received from slot machine
gaming operators at the licensed eligible facility to supplement purses including any interest earned.
Proposed law retains present law and provides that the HBPA is designated and recognized as the
authorized representative of La. horsemen.
Effective August 1, 2023.
(Amends R.S. 4:179.1 and 183.2, R.S. 27:361(B)(4)(a)(intro para), 361(B)(4)(a)(iii), and 438(A))
Summary of Amendments Adopted by Senate Committee Amendments Proposed by Senate Committee on Judiciary B to the original bill
1. Makes technical changes.
2. Designates and recognizes the Horsemen's Benevolent and Protective Association
(HBPA) as the authorized representative that shall represent member and other
horsemen.
3. Requires monies designated for purses be remitted from the race tracks to the HBPA
within 10 business days for deposit in a separate interest-bearing account when
earned and the monies shall remain in that account until the first day of the next race
meeting of the appropriate breed.
4. Requires the race tracks to pay the HBPA by the 20th day of each month a fixed
percentage of 15% of the previous month's net slot machine proceeds received from
slot machine gaming operators at the licensed eligible facility to supplement purses
including any interest earned.