Horse racing: advance deposit wagering: hub agreement arbitration.
It became law on Oct 5, 2021.
- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Oct 5, 2021
What it does
Existing law, the Horse Racing Law, authorizes advance deposit wagering (ADW) to be conducted, with the approval of the California Horse Racing Board, in accordance with specified provisions of law. Existing law requires an ADW provider, as defined, as a condition of approval by the board to be an ADW provider, to include all wagers made in the appropriate parimutuel pool under a contractual agreement with the applicable host track and to deduct amounts from advance deposit wagers, as specified. Existing law authorizes the execution of hub agreements, defined as written agreements providing for contractual compensation paid with respect to advance deposit wagers placed by California…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.