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HB 2432

Pari-mutuel wagering; historical horse racing, percentage retained for distribution.

2025 Regular Session Introduced by Mike Webert

Struck bill would have adjusted what percentage of historical horse racing revenues Virginia licensees must retain versus distribute to other parties.

Stricken from docket by General Laws (21-Y 0-N)
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Bill Summary · HB 2432

Legislative bill overview

HB 2432 proposes modifications to Virginia's pari-mutuel wagering regulations, specifically addressing the percentage of historical horse racing revenues that licensees must retain versus distribute to other parties. The bill was introduced by Delegate Mike Webert but was struck from the docket on January 21, 2025, meaning it will not advance further in the current legislative session.

Why is this important

Historical horse racing (HHR) has become a significant revenue source for Virginia's horse racing industry and state coffers. Adjusting revenue distribution percentages directly impacts how much money goes to racetracks, horsemen, purses, state programs, and other designated recipients—affecting the financial viability of racing operations and related economic benefits.

Potential points of contention

  • Industry economics: Changes to revenue splits could disadvantage certain stakeholders (track operators, horsemen, or breeders) depending on which direction percentages shift
  • State revenue impact: Alterations to distribution formulas may reduce or redirect funds flowing to state programs or local communities that depend on this revenue
  • Competitive fairness: Different percentage requirements across Virginia facilities could create unequal competitive conditions in the HHR market

Compiled from official sources — confirm details with the bill’s official record.

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