AN ACT TO AMEND TITLE 3 OF THE DELAWARE CODE RELATING TO ADVANCE DEPOSIT WAGERING.

Advance deposit wagering (“ADW”) has been the only growing segment of the pari-mutuel industry for more than a decade, is practiced nationwide especially in all of our surrounding states, and has been practiced by Delaware residents without authority or regulation, providing no contribution to the State’s racing industry. This Amendment provides for proceeds of advance deposit wagering that is conducted in the state to be used to support and improve the horse racing industry in Delaware by improving purses, supporting breeding, and ensuring that the industry is adequately regulated for the protection of all participants.