HB0084

Failed

Pari-mutuel wagering-breakage.

Distribute accumulated pari-mutuel wagering breakage amounts according to specified requirements and establish related definitions.

Full legal title

AN ACT relating to pari-mutuel wagering; requiring distribution of historic pari-mutuel event breakage amounts as specified; creating a definition; and providing for an effective date.

Gaming

Sponsor:

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Amends Wyoming pari-mutuel wagering law to define breakage and require distribution of historic pari-mutuel event breakage amounts to a separate state account.

Creates a definition of 'breakage' as the odd cents on any sum otherwise distributable in a pari-mutuel pool. (W.S. 11-25-102(a)(xxiii))
Requires pari-mutuel permit holders to pay to the state treasurer an amount equal to breakage on historic pari-mutuel events, in addition to existing percentage-based fees, to be credited to a separate account. (W.S. 11-25-201(b)(ii), Sec. 1)

Effective: July 1, 2025

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Actions (3)

2/3/2025(House)

H Did not Consider for Introduction

1/2/2025(House)

H Received for Introduction

12/30/2024(LSO)

Bill Number Assigned

Roll Call Votes (0)

No roll call votes recorded.