Bill > HB3023

This bill modifies Oregon's racing laws by removing the requirement for the Oregon Racing Commission (ORC) to transfer a portion of certain fees related to Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs to the General Fund. Specifically, the bill changes existing law regarding how fees and percentages of gross receipts from these specialized racing and wagering systems are handled. Previously, when the ORC received up to 1% of total gross receipts from the totalizator system, 25% was required to be deposited in the General Fund, with 75% retained by the commission. Under this new legislation, the entire amount will be retained by the commission, which can then adopt rules to distribute these funds for the benefit of the Oregon pari-mutuel racing industry. The bill maintains the existing provisions for licensing Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs, including licensing requirements for employees and officers, and the maximum fees that can be charged. The change appears designed to provide more direct financial support to the state's racing industry by allowing the ORC to retain and potentially redistribute all fees collected from these specialized wagering systems.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3023