2025 Regular SessionVirginia Legislature

SB864: Horse racing and pari-mutuel wagering; amends definition of breakage.

Legislative Summary

Horse racing and pari-mutuel wagering; breakage. Amends the definition of "breakage" for the purposes of horse racing other than historical horse racing to mean the odd cents by which the amount payable on each dollar wagered exceeds one cent ($0.01). The bill also provides that 100 percent of the legitimate breakage from each pari-mutuel pool for historical horse racing shall be distributed to the Problem Gambling Treatment and Support Fund.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/3/2025
Prefiled and ordered printed; Offered 01-08-2025 25103020D
Senate
1/3/2025
Referred to Committee on General Laws and Technology
Senate
1/20/2025
Assigned GL&T sub: Gaming
Senate
1/22/2025
Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (12-Y 0-N)
Senate
1/22/2025
Committee substitute printed 25105374D-S1
Senate
1/28/2025
Passed by indefinitely in Finance and Appropriations (8-Y 7-N)
Senate

Roll Call Votes

Passed by indefinitely in Finance and Appropriations (8-Y 7-N)
1/28/2025
8
Yea
7
Nay
0
Not Voting
0
Absent
Result: PASSED
Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (12-Y 0-N)
1/22/2025
12
Yea
0
Nay
0
Not Voting
3
Absent
Result: PASSED

Status Information

Current Status
Introduced(1/3/2025)
Chamber
Senate

Sponsors

Republican: 1
Democrat: 1

Primary Sponsor

Bryce Reeves
Bryce Reeves
Republican

Co-Sponsors (1)

Documents

Comm Sub
Bill Text1/23/202535.8 KB
Comm Sub
Bill Text1/20/202535.7 KB
Introduced
Bill Text1/3/202535.4 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/20/2025109.3 KB