Sports Wagering - Wagers on Historical Horse Races - Authorization

SB 639 amends Maryland law to authorize sports wagering on historical horse races by expanding the definition of "sporting event" to include them. This change allows licensed sports wagering facilities (like casinos or racetracks with existing licenses) to accept bets on historical races under specific rules, while excluding high school events and fantasy competitions. Proceeds from these wagers would follow the same distribution rules as other sports wagering, funding the Purse Dedication Account for horse racing. The bill directly affects licensed wagering operators and the State Racing Commission, which oversees the program. It requires voter approval via referendum before taking effect.