North Dakota House Bill HB1331

North Dakota 2023-2024 Regular Session

• Introduced: 1/11/23
• Refer: 1/11/23
• Report Pass: 1/18/23
• Engrossed: 1/20/23
• Refer: 2/13/23
• Report DNP: 3/30/23

Caption

The racing commission, account deposit wagering, and bet payoff formulas.

Impact

The passage of HB 1331 would notably alter the operational landscape for horse racing in North Dakota, allowing for account deposit wagering and broadening the scope of permissible betting types. The bill aims to enhance the revenue generated by racing activities through structured financial contributions to the state's general fund, as well as funds designated for breeders and purses. By facilitating these changes, the bill endeavors to promote the state's racing industry and related charities, encouraging economic growth linked to horseracing events and activities across North Dakota.

Summary

House Bill 1331 seeks to amend various sections of the North Dakota Century Code related to the racing commission, account deposit wagering, and bet payoff formulas. The bill introduces specific definitions pertinent to horse racing and para-mutuel wagering, defining terms like 'account deposit wagering' and establishing regulatory parameters that would govern betting activities not only within the state but also in relation to interstate and international combined wagering pools. Importantly, the bill outlines the financial obligations for racing operators, including what percentage of winnings must be allocated to different state and regulatory funds.

Contention

Despite the bill’s potential benefits in enhancing the racing industry, there are points of contention among legislators and stakeholders. Concerns have been raised regarding the regulatory implications and the speed at which account deposit wagering could be implemented. Opponents argue that oversight may be insufficient to manage the complexity of modern wagering practices, particularly as they relate to internet and mobile access. Additionally, there might be apprehensions about the effects of these changes on local gambling operations and whether increased wagering opportunities might inadvertently lead to heightened gambling issues within communities.