The proposal also modifies restrictions on the timing of accepting wagers on out-of-state races. Currently, if a thoroughbred association exceeds 75 imported races per day, they are prohibited from accepting bets on races that begin after a certain hour, specifically 5 p.m. Pacific Time, unless they have consent from relevant local associations. SB 844 aims to extend this restriction to scenarios where the import count is between 51 and 80 races, allowing associations to adapt to a greater volume while still complying with regulations designed to protect local racing events.
Summary
Senate Bill 844, introduced by Senator Rubio, seeks to amend Section 19596.2 of the Business and Professions Code regarding horse racing. This legislation aims to allow thoroughbred racing associations and fairs to distribute audiovisual signals and accept wagers on out-of-state thoroughbred races conducted during their race meetings, including on days without live racing. The bill intends to adjust the existing cap on the total number of thoroughbred races that can be imported for wagering from 75 to 80 on days when live racing is occurring in California. By increasing this limit, supporters argue that the bill would enhance wagering opportunities and potentially increase revenue for California's racing industry.
Contention
The bill may face deliberations regarding its impact on local horse racing operations and whether it sufficiently balances the interests of out-of-state race opportunities with the protections needed for California's racing associations. Some stakeholders may argue that lifting limits could draw attention and patrons away from local tracks, which may already be struggling. Legislative discussions will likely revolve around the necessity of such changes in the context of enhancing competitiveness against other states bottom lines in horse racing and gaming.