If adopted, AB 2739 would streamline the current regulations regarding horse racing and gambling within the state. By exempting Whitney Stakes from the daily racing limit, this bill could increase engagement and participation in wagering on these prestigious races, potentially boosting revenue for the thoroughbred racing associations and fairs. The legislation is likely to foster greater variety in betting options for enthusiasts, thus promoting a more vibrant horse racing culture in California.
Summary
Assembly Bill 2739, introduced by Assembly Member Gray, amends Section 19596.2 of the Business and Professions Code concerning horse racing and the wagering on out-of-state thoroughbred races. The bill specifically aims to exempt certain races, particularly those included in the Whitney Stakes card, from the existing limit of 50 imported races that can be conducted on days when live races are held in California. The proposed legislation reflects an effort to broaden the availability of thoroughbred racing options for California's wagering participants, thereby enhancing its competitive landscape.
Contention
There may be points of contention surrounding the bill regarding the influence on local tracks and associations, as some stakeholders might view the increase in out-of-state race imports as detrimental to local racing events. Concerns could also arise regarding the potential for over-saturation of the market with imported races, which may affect the viability and support for local racing, as well as the economic implications for the horse racing community in California.