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Horse racing and pari-mutuel wagering; breakage. Amends the definition of "breakage" for the purposes of horse racing other than historical horse racing to mean the odd cents by which the amount payable on each dollar wagered exceeds one cent ($0.01). The bill also provides that 70 percent of the legitimate breakage from each pari-mutuel pool for historical horse racing shall be distributed to the Problem Gambling Treatment and Support Fund and 30 percent of such breakage shall be deposited in the Racing Benevolence Fund.
Introduced
Jan 7, 2025
Last Action
Feb 22, 2025
Session
VA 2025
Sponsors
1 primary · 1 co
Left in Finance and Appropriations
Reported from General Laws and Technology and rereferred to Finance and Appropriations (14-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2166)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (89-Y 8-N)
Read second time
Moved from Uncontested Calendar to Regular Calendar
General Laws Substitute agreed to
Engrossed by House - committee substitute
Read first time
Committee substitute printed 25105784D-H1
Reported from General Laws with substitute (21-Y 0-N)
Subcommittee recommends reporting with substitute (8-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2166)
Assigned GL sub: ABC/Gaming
Referred to Committee on General Laws
Prefiled and ordered printed; Offered 01-08-2025 25100402D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance and Appropriations
Paul E. Krizek
Bryce E. Reeves