Virginia Racing Commission; authorized to issue significant infrastructure limited license, etc. (HB2224)

Introduced By

Del. Barry Knight (R-Virginia Beach) with support from co-patron Del. Chris Peace (R-Mechanicsville)

Description

Virginia Racing Commission; significant infrastructure limited licensee; allocation of advance deposit account wagering. Authorizes the Virginia Racing Commission (VRC) to issue a significant infrastructure limited license to the owner or operator of a significant infrastructure facility, defined as a horse racing facility that has been approved by a local referendum and has a minimum racing infrastructure consisting of (i) a one-mile dirt track, (ii) a seven-eighths-mile turf course, (iii) covered seating for no fewer than 1,000 persons, and (iv) barns with no fewer than 900 permanent stalls. The bill also allocates source market fees paid by online wagering companies (advance deposit account wagering) licensed by the VRC and allows significant infrastructure limited licensees to conduct meetings for a period not to exceed 50 days in any calendar year. Read the Bill »

Outcome

History