Minnesota Racing Commission Overview
Explore the legal history, racetracks, members, and regulatory jurisdiction of the Minnesota Racing Commission. Learn about their role in overseeing horse racing, simulcast wagering, account wagering, and card club operations in Minnesota. Discover the commission's responsibilities in collecting taxes, regulatory fees, operating breeders funds, and supporting racehorse retirement programs.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Introduction to the Introduction to the Minnesota Racing Commission Minnesota Racing Commission Minnesota House Commerce Finance Minnesota House Commerce Finance and Policy Committee and Policy Committee Steve May Steve May Executive Director Executive Director January 26, 2020 January 26, 2020
Legal History of the Legal History of the Minnesota Racing Commission Minnesota Racing Commission 1982 Constitutional amendment allowing legal pari-mutual wagering on horse racing, legislative regulatory structure in 1983 1999 Legislation authorized card club operations 2016 Legislation enabled account wagering operations
Minnesotas Two Pair Minnesota s Two Pair- -Mutuel Mutuel Racetracks Racetracks Running Aces Casino, Hotel, and Racetrack Columbus, Minnesota Anoka County Opened in 2008 Canterbury Park Shakopee, Minnesota Scott County Opened in 1985
Minnesota Racing Commission Members Minnesota Racing Commission Members 9-member independent commission serving 6-year terms Approximately 14 full-time, year-round employees 40-50 seasonal/contract employees for live racing
Minnesota Racing Commission Minnesota Racing Commission Regulatory Jurisdiction Regulatory Jurisdiction Oversee conduct of live Thoroughbred, Quarter Horse, and Standardbred racing Simulcast wagering on global races at both pari-mutual racetracks Account wagering on non-Minnesota races by Minnesota residents Card club operations at both pari-mutual racetracks
Minnesota Racing Commission Minnesota Racing Commission Regulatory Jurisdiction (Continued) Regulatory Jurisdiction (Continued) Collect taxes on wagering operations Collect regulatory fees on racing and wagering operations Operate breeders funds to incentivize horse owners to breed horses in Minnesota Distribute grants for racehorse retirement programs
Minnesota Racing Commission Minnesota Racing Commission Regulation of Card Club Operations Regulation of Card Club Operations Licensing of card club employees, manufacturers, and other vendors Ensure compliance testing of gaming products by independent, third-party testing provider Monitoring of gaming activities in coordination with card club security and surveillance Conduct investigations as needed
5,339 Occupational Licenses Issued by the 5,339 Occupational Licenses Issued by the Minnesota Racing Commission in 2019 Minnesota Racing Commission in 2019 Regulatory/Veterinary 2% Vendor/Wagering Provider 8% Racing Personnel 48% Association Employee 42%
Minnesota Racing Commission Agency Funding Minnesota Racing Commission Agency Funding No General Fund appropriation Funding sources Licensing fees Regulatory fees on online wagering operators Reimbursements from racetracks Fine monies restricted to racehorse retirement programs
Economic Benefit of Pari Economic Benefit of Pari- -Mutuel Horseracing in Minnesota Horseracing in Minnesota Mutuel $409.2 million in economic activity to the state* $176.1 million in direct spending by horse racing industry $233.1 million in economic activity by non-racing horse related industries across Minnesota 5,590 full and par-time jobs* 3,960 directly employed in industry jobs 1,630 in non-horse related industries Source: Economic Contribution of Minnesota s Horse Racing Industry (2016), Brigid Tuck, University of Minnesota Extension
Strength of Pari Strength of Pari- -Mutuel Horseracing Industry Mutuel Horseracing Industry Strong fan participation in non-COVID years Dedication by horsemen to the industry in Minnesota Marketing agreement Canterbury Park agreement with Shakopee Mdewakanton Sioux Community for purse enhancements
Threats to Horseracing Industry in Minnesota Threats to Horseracing Industry in Minnesota COVID-19 limited fan participation at the racetracks Alternative gaming options in other states provide significant purse opportunities elsewhere Inability for Minnesota residents to wager on Minnesota races online
Horseracing Safety and Integrity Act Horseracing Safety and Integrity Act (Senate Bill 4547) (Senate Bill 4547) Signed into law December 2020, program start July 1, 2022 Creation of Horseracing Integrity and Safety Authority under Federal Trade Commission Will significantly change the medication testing and racetrack safety programs across the country
Steve May, Executive Director Minnesota Racing Commission (952) 496-7950, Extension 2 steve.may@state.mn.us
