Summary:

 Senate Bill 323 (SB 323) provides that the New Mexico Horsemen's Association is the horsemen's group required by the Federal Interstate Horseracing Act of 1978. It provides that certain wagering and gaming machines are permitted on weeks of races and that the state auditor may audit racetracks. 

 

Legislation Overview:

 Senate Bill 323 (SB 323) provides for pari-mutuel wagering on simulcast horse racing on weeks when the racetrack licensee is importing a race meet from another New Mexico-licensed horse racetrack in Section 60-1A-16 NMSA 1978 and provides for gaming machines on weeks when the racetrack is either conducting live horse races or simulcasting New Mexico horse race meets in Section 60-2E-27 NMSA 1978.
SB 323 establishes the New Mexico Horsemen's Association is the horsemen's group required by the Federal Interstate Horseracing Act of 1978 in Section 60-1A-17 NMSA 1978 and allows the state auditor to audit racetracks in Section 60-1A-20 NMSA 1978.


 

Current Law:

  Pari-mutuel wagering and gaming machines may only be allowed on the day when the racetrack hosts simulcast or live horse racing.  The NM Racing Commission audits race tracks.