Bill > S2440

This bill establishes a new framework for horse racing and wagering in the Commonwealth, creating Chapter 128D of the General Laws to govern these activities. It repeals previous laws related to horse racing and wagering, including sections of Chapter 23K and Chapters 128A and 128C, and amends Chapter 4 to redefine "illegal gaming" to exclude authorized horse racing and other specific games. The bill grants the Massachusetts Gaming Commission (the "Commission") broad powers to regulate horse racing, simulcasting (broadcasting races to other locations for wagering), and pari-mutuel wagering (where all bets are pooled and winners share the pot minus deductions). Key provisions include the establishment of a Race Horse Development Fund to support the horse racing industry, equine economy, and problem gambling programs, with specific allocations for purses and benefits. The bill also prohibits live dog racing and sets penalties for illegal wagering. It outlines requirements for racing and simulcasting licenses, including application processes, criteria for awarding licenses, and the number of live racing days. The Commission is empowered to inspect premises, audit licensees, and establish fees for licenses and registrations, while also requiring licensees to develop protocols to prevent underage wagering and ensure patron safety. Finally, the bill mandates an annual report from the Commission detailing its activities, financial status of the Race Horse Development Fund, and projected expenditures.