Virginia Racing Commission; net pool wagering, retainage. (SB1429)

Introduced By

Sen. Tommy Norment (R-Williamsburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Racing Commission; net pool wagering; retainage.  Changes the name of the Executive Secretary of the Commission to the Executive Director. The bill, among other things, also (i) increases the number of permissible satellite facilities (OTBs) from 10 to 20, (ii) revises the definition of pari-mutuel wagering, (iii) removes the specific retainage percentage on pari-mutuel pools by the licensee and allows the Commission to approve an amount to be so retained, (iv) allows the determination of population for the purposes of the referendum on the establishment of a racetrack or satellite facilities to be based on the U.S. Census or the National Planning Data Corporation or other similar recognized source, and (v) allows the officers, directors, partners, spouses, and immediate family members thereof of a tax-exempt entity granted a limited duration license for thoroughbred or harness racing with pari-mutuel wagering to make contributions to any candidate for public office or public office holder at the state or local level. The bill authorizes net pool wagering on simulcast horse racing transmitted from outside of Virginia. Under the bill, net pool wagering is defined as a method of pari-mutuel wagering whereby amounts are awarded to winning wagers relative to the contribution, net of takeouts, to a pool by each participating jurisdiction or, if applicable, site. The bill requires the Racing Commission to adopt emergency regulations. Read the Bill »


Bill Has Failed


01/20/2011Presented and ordered printed 11104231D
01/20/2011Referred to Committee on General Laws and Technology
02/02/2011Impact statement from DPB (SB1429)
02/02/2011Reported from General Laws and Technology with substitute (10-Y 5-N) (see vote tally)
02/02/2011Committee substitute printed 11104983D-S1
02/03/2011Incorporates SB1332
02/03/2011Incorporates SB1333
02/04/2011Impact statement from DPB (SB1429S1)
02/04/2011Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/07/2011Read second time
02/07/2011Reading of substitute waived
02/07/2011Committee substitute agreed to 11104983D-S1
02/07/2011Engrossed by Senate - committee substitute SB1429S1
02/08/2011Read third time and passed Senate (22-Y 18-N) (see vote tally)
02/10/2011Placed on Calendar
02/10/2011Read first time
02/10/2011Referred to Committee on General Laws
02/14/2011Assigned GL sub: #3 ABC/Gaming
02/17/2011Subcommittee recommends laying on the table
02/22/2011Left in General Laws


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 3 minutes.