Date: 02/03/2010

Final
BILL SUMMARY for HB10-1134

HOUSE COMMITTEE ON AGRICULTURE, LIVESTOCK, & NATURAL RESOURCES

Votes: View--> Action Taken:
Moved to refer House Bill 10-1134 to the CommitteePASS



11:09 AM -- House Bill 10-1134

Representative Casso, sponsor, presented House Bill 10-1134, which defines a "source market fee" as a fee payable by persons outside of Colorado who conduct pari-mutuel wagering on simulcast races and who accept wagers from Colorado residents at out-of-state simulcast facilities. The bill authorizes the licensing and regulation of these individuals and facilities, and caps the source market fee at 10 percent of the gross receipts of all pari-mutuel wagering by Colorado residents conducted at out-of-state simulcast facilities. The bill further authorizes Colorado to enter into interstate compacts governing the racing industry that are designed to prevent illegal interstate pari-mutuel wagering. Unused moneys from the Colorado Horse Breeders' and Owners' Awards and Supplemental Purse Fund may be used to fund participation in an interstate compact.

The following individuals testified on the bill:

11:12 AM -- Bruce Seymore, Mile High Racing and Entertainment Executive Director, spoke in support of the bill. He explained that pari-mutuel wagering is currently happening illegally and would like the Division of Racing to regulate the activity. Mr. Seymore answered questions from the committee regarding expected revenue and what constitutes an illegal wager.

11:17 AM -- Dan Hartman, Colorado Division of Racing in the Department of Revenue, answered questions from the committee regarding how the bill would affect out-of-state wagers. Mr. Hartman also answered questions from the committee about the consequences of illegal betting.

11:24 AM -- Shannon Rushten, Colorado Horse Racing Association, spoke in support of the bill.

BILL:HB10-1134
TIME: 11:24:47 AM
MOVED:McKinley
MOTION:Moved to refer House Bill 10-1134 to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED:Pace
VOTE
Baumgardner
Yes
Curry
Yes
Gardner C.
Yes
Hullinghorst
Yes
Looper
Excused
McKinley
Yes
Ryden
Yes
Solano
Yes
Sonnenberg
Yes
Tipton
Yes
Vigil
Yes
Pace
Yes
Fischer
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS



11:25 PM

The committee recessed until 1:30.