Definition of advance deposit wagering modified, and advance deposit wagering proceeds provided.

This bill updates Minnesota's horse racing laws by clarifying the definition of advance deposit wagering and establishing how the revenue from these wagers must be distributed. It requires racetracks to split source market fees from out-of-state wagers, with 28 percent going to standardbred tracks and 72 percent to Thoroughbred and Quarter Horse tracks. For out-of-state races, at least half of the fees collected must support breeders awards and purses, while in-state race fees must be used primarily for purses. The legislation also ensures that if a racetrack loses its license, the owed fees are redirected to other licensed tracks rather than being lost.