Providing WV certified thoroughbred eligibility and increase restricted race caps

Increased the annual funding cap for restricted races at thoroughbred tracks that did not participate in the development fund for four consecutive years prior to 1992 from $1 million to $2 million.

Split the video lottery net terminal income distribution: the Thoroughbred Development Fund now receives 1.5% from thoroughbred tracks, and the Greyhound Breeding Development Fund receives 1.5% from greyhound tracks starting July 1, 2026, replacing the previous equal share model.

Removed the specific requirement that mares participating in the West Virginia Futurity must be bred back to an accredited West Virginia stallion during the breeding season starting February 1 through July 31, 2004.

Removed the definition of 'Registered greyhound owner' from the list of defined terms in the bill.

Added an effective date clause stating the law goes into effect 90 days from passage (June 7, 2026) and included certification signatures from legislative clerks and the Governor.