West Virginia First Live Racing Jobs Act of 2026

HB 5464 modifies West Virginia's horse racing regulations to support thoroughbred racing operations. It establishes definitions for "West Virginia Certified Thoroughbred horses," sets purse requirements for restricted races, and increases the $1 million annual funding cap for racetracks that did not participate in the West Virginia Development Fund before 1992. The bill also adds an inflation adjustment for net terminal income deposited into the state Excess Lottery Revenue Fund and changes how that income is distributed. These changes directly affect licensed thoroughbred racetracks in West Virginia, particularly those with historical non-participation in the Development Fund. The policy focuses on adjusting financial mechanisms for existing racetracks rather than creating new facilities or jobs.