Texas House Bill HB3925

Texas 2017 - 85th Regular

Caption

Relating to the regulation of wagering through telephone, the Internet, or other approved electronic means on horse races and greyhound races under the pari-mutuel system of wagering; requiring a license to operate account wagering; requiring a fee.

Impact

The bill aims to impact Texas law significantly, particularly the Texas Racing Act. By instituting a licensing system, it intends to both sanction account wagering practices and ensure that operators adhere to rules set by the Texas Racing Commission. The requirement for a license will serve to eliminate unregulated gambling activities and to bring more oversight into an industry that has seen increased digital engagement. Furthermore, this shift also sets the stage for potential partnerships between racing associations and account wagering operators, ensuring compliance with both state law and gambling regulations.

Summary

House Bill 3925 proposes the regulation of wagering conducted via telephone, the Internet, or other electronic means on horse and greyhound races under the pari-mutuel system. The bill establishes a licensing requirement for entities wishing to operate account wagering, promoting a controlled and regulated environment around online and telephonic betting. According to the bill, individuals can create accounts to place wagers, which are overseen by licensed operators. This is an effort to modernize and enhance regulatory oversight in response to evolving betting practices and technology.

Contention

While the bill may be seen as a step towards modernization, there could be contention regarding the limitations it imposes on non-licensed operators and the fees associated with obtaining licenses. Critics may argue that the fees could create barriers to entry for smaller operators, consolidating the market power to larger entities who are already well-established. Additionally, there may be debates regarding the potential impacts on local economies that rely on the revenue generated from racing events. Therefore, as the bill progresses, discussions will likely focus on balancing regulation with the promotion of a competitive, yet fair wagering environment.