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Racing and Community Development Act, sports betting pass General Assembly
The Racing and Community Development Act of 2020, which authorizes financing for the rebuild of Pimlico Race Course and Laurel Park, cleared the Maryland General Assembly March 18—the final day of an abbreviated session—and goes to Gov. Larry Hogan for consideration.
The legislation calls for the Maryland Stadium Authority to issue up to $375 million in bonds for the project through a combination of funds from the Racetrack Facility Renewal Account, the Purse Dedication Account, video lottery terminal payments to Baltimore City and money from the Maryland Lottery. The Act would take effect June 1 of this year.
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The MTHA Purse Committee, with subsequent approval from the Board of Directors, has approved several changes to the Laurel Park condition book that will take effect beginning with the April 2026 condition book.
