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Commission hears wagering declines and Donahue Fund balance; projected fund balance to fall below OFM minimum
Summary
Executive Secretary Amanda Benton reported declines in pari‑mutuel and ADW wagering for late 2025 and January 2026, and noted a December fund balance of $542,734 with a projected end‑of‑biennium balance of $243,883 — below the OFM minimum of $400,000; Donahue Fund interest totaled $11,509.57 in 2025 but will not be distributed in 2026 because no nonprofit meets are scheduled.
At the Feb. 13 meeting, Executive Secretary Amanda Benton presented the commission’s wagering and financial reports and summarized the Donahue Fund interest status.
Benton said January parimutuel wagering totaled $2,410,550.30, an 11.9% decrease from January 2025, and that the December advanced‑deposit wagering (ADW) handle was $5,823,826.46, down 15.6% from the prior year. She reported the total ADW handle for 2025 was…
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