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Committee approves reporting of bill to allow fixed-odds wagering on dog and horse racing
Summary
The committee reported a committee substitute for Senate Bill 576 to the full Senate recommending passage; the substitute permits licensed operators to offer fixed-odds wagering on dog and horse races, creates separate interest-bearing funds for each racing type and restricts wagering by racing officials.
The Senate Finance Committee voted to report a committee substitute for Senate Bill 576 to the full Senate with the recommendation that it do pass. Committee counsel described the bill as authorizing fixed-odds wagering for dog and horse racing, subject to licensing and regulation by the racing commission.
Counsel said fixed-odds wagering allows a bettor to place a bet…
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