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A Gaming license granted to an applicant
who had live racing as of July 1, 2011 must maintain
live racing for the duration of the license. (1351)
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A Gaming license granted to an applicant
who had simulcasting as of July 1, 2011 must maintain
simulcasting for the duration of the license. (1355)
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The number of racing days in year one of
the license must be 105, in year two 115 and in year
three and subsequently 125. (1568)
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A purse agreement must be negotiated and
in effect by Dec. 31 each year to maintain a gaming
license. (1582)
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A Category 1 (full casino) initial
license fee shall not be less than $85,000,000 to go
into the Gaming License Fund. (3411)
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A Category 2 (slots parlor) initial
license fee shall not be less than $25,000,000 to go
into the Gaming License Fund. (3411)
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5% of this Gaming License Fund goes to
the Race Horse Development Fund. (3411)
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A Category 1 license pays 25% tax on the
daily gross gaming revenue. (2408)
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A Category 2 license pays 40% tax on the
daily gross gaming revenue.(2410)
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A Category 2 license also pays 9% tax
tax on the daily gross gaming revenue to the Race Horse
Development Fund. (2412)
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Of the 25% tax, 2.5% goes to the Race
Horse Development Fund. (2492)
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10% of all wagering received from both
in-state and out-of-state racing is allocated to the
Race Horse Development Fund. (2830)
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80% of the Race Horse Development Fund
goes to the Purse Account. (2562)
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Of this 80%, 16% goes to the
Thoroughbred and Standardbred Breeders Associations,
split to be decided by the Racing Committee based on
criteria suggested in the Gaming Bill.((2568)
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The Racing Committee (different from the
Racing Commission) shall be composed of 1 member
appointment by Governor and serves as chairman, 1 member
appointed by the Treasurer, 1 member is appointed by the
chairman of the Racing Commission, 1 member is from HBPA/MTBA
and 1 member is from the Harness Horsemen's Association.
(2541)
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Of the 80%, 4% will go to the Horsemen's
Associations for owner/trainer health and pension
benefits. (2572)