Bill > SB1524

This bill, effective July 1, 2027, redirects a portion of lottery revenues to support horse racing in Oregon by creating a new "Horse Racing Account" within the State Treasury. This account will receive three-tenths of one percent of the net proceeds from the Oregon State Lottery, in addition to existing allocations to the County Fair Account, and these funds are continuously appropriated to the Oregon Racing Commission. The commission can then use this money for various purposes related to horse racing events, including maintaining tracks, supporting purse money and jockey incentives, funding veterinary and medical professionals, purchasing safety equipment, covering operational costs like security and insurance, and building or maintaining infrastructure that enhances horse safety. The bill also amends existing law to explicitly include horse racing events as a recognized use of lottery funds for economic development, alongside county fairs, and clarifies that these changes are subject to constitutional requirements for lottery fund allocation.

Budget and Finance, Business and Industry

https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/SB1524