Wagers on horse races will help competitors later in life

A new law that takes effect July 1, 2022, will allow breeders fund dollars to also be used to support the adoption, retirement and repurposing of racehorses.

The fund gets its money, in part, from fees, taxes, and set-asides on race track and card club activity, including a tax on the live racing handle at Canterbury Park and Running Aces, and a fee on wagers by Minnesota residents with an advance deposit wagering provider.

Managed by the Minnesota Racing Commission, funds are used to cover costs associated with regulating horse racing and pari-mutuel wagering in the state.

Rep. Ami Wazlawik (DFL-White Bear Township) and Sen. Zach Duckworth (R-Lakeville) sponsor the law that has zero cost to the state.

HF3545*/SF2950/CH52

HF3545* / SF2950 / CH52