ADD DAYS OF LIVE HORSE RACING

HB 367 increases the required live race days for racetracks to maintain their gaming licenses. Racetracks paying $8 million or less in gaming taxes last year must host at least 15 weeks of racing with three live race days per week (minimum 10 races daily). Racetracks paying over $8 million must host 15 weeks with four live race days per week (minimum nine races daily). This bill directly affects licensed racetracks in New Mexico by adjusting their operational requirements for license renewal. The change modifies Section 60-1A-2 of the Horse Racing Act to update these minimums.