HORSE RACETRACK LIVE RACE DAY REQUIREMENTS

SB 513 requires New Mexico racetracks holding a gaming license to meet specific minimum live race day requirements based on their prior year's gaming tax payments. Racetracks paying $8 million or less in gaming tax must host at least three live race days per week (with 10 races daily), while those paying over $8 million must host four live race days per week (with nine races daily). These rules apply to all racetracks licensed under New Mexico's Horse Racing Act to maintain their gaming operator licenses. The bill directly affects licensed racetracks by setting operational standards tied to their tax contributions.