FISCAL NOTE
Date Requested: February 12, 2026
Time Requested: 05:11 PM |
| Agency: |
Racing Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1576 |
Introduced |
HB5464 |
|
|---|
| CBD Subject: |
Legal Gaming |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB5464 will provide West Virginia Certified Thoroughbred eligibility, reallocate interstate simulcasts by licensed racetracks, increase West Virginia Restricted race caps, provide inflation adjustment to the net terminal income at a licensed racetrack deposited in the state Excess Lottery Revenue Fund and reallocate a certain amount of said income to the thoroughbred and greyhound development funds at the licensed racetracks of origin.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
1,200,000 |
1,200,000 |
1,200,000 |
Explanation of above estimates (including long-range effect):
The bill provides the Racing Commission a portion of the revenue generated from interstate simulcast wagering.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Joe Moore, Executive Director WVRC
Email Address: joe.k.moore@wv.gov