Pari-mutuel wagering; historical horse racing, percentage retained for distribution.
<p class=ldtitle>A BILL to amend and reenact § 59.1-392 of the Code of Virginia, relating to pari-mutuel wagering; historical horse racing; percentage retained for distribution.</p>
Taxes
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
Sponsor
Reid
Last action
2026-02-25
Official status
Continued
Effective date
Not listed
Plain English Breakdown
The official source material does not provide specific details on the use of funds beyond mentioning promotion, education, maintenance, and safety. The exact distribution methods are also unspecified.
Historical Horse Racing Percentage for Distribution
This bill changes the law to require horse racing licensees to distribute a small percentage of money from historical horse racing to two foundations in Shenandoah County.
What This Bill Does
Changes the law about how money from historical horse racing is kept by race tracks and shared with others.
Requires that 0.0125 percent of the retained amount must go to the Shenandoah County Agricultural Foundation and the Great Meadow Foundation.
Who It Names or Affects
Horse racing licensees who run historical horse racing terminals.
The Shenandoah County Agricultural Foundation and the Great Meadow Foundation.
Terms To Know
Pari-mutuel wagering
A type of betting where all bets are pooled together, and payouts come from that pool after a percentage is taken out for taxes and other costs.
Historical horse racing terminals
Special machines or systems used to place bets on historical horse races.
Limits and Unknowns
The bill does not specify how the money will be distributed beyond mentioning two foundations.
It is unclear what specific activities these foundations can use the funds for, other than promoting and maintaining horse racing safety.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: The amendment changes the percentage retained for distribution in historical horse racing from what was previously stated to 0.5%
Changes the percentage retained for distribution in historical horse racing to 0.5%
The exact previous percentage or details of what is being changed are not provided, making it unclear how this change affects the overall distribution.
Reported from General Laws and referred to Appropriations (21-Y 0-N)
2026-01-20ABC/Gaming
Subcommittee recommends reporting and referring to Appropriations (9-Y 0-N)
2026-01-19ABC/Gaming
Assigned HGL sub: ABC/Gaming
2025-12-29House
Prefiled and ordered printed; Offered 01-14-2026 26101947D
2025-12-29General Laws
Referred to Committee on General Laws
Official Summary Text
Pari-mutuel wagering; historical horse racing; percentage retained for distribution.
Provides that with respect to all authorized historical horse racing terminals, of the amount that a horse racing licensee retains from wagering on historical horse racing pools and in addition to the current distribution required under law, 0.0125 percent each shall be distributed to the Shenandoah County Agricultural Foundation and the Great Meadow Foundation to support the promotion, education, maintenance, and safety of horse racing at such facilities.
Current Bill Text
Read the full stored bill text
(HB49)
AMENDMENT(S) PROPOSED BY THE SENATE
GENERAL LAWS AND TECHNOLOGY
1. Line 152, engrossed, after
37.2-314.2
,
strike
the remainder of line 152
insert
0.5