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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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Live racing returns to the Maryland State Fairgrounds in Timonium for a seven-day meet beginning Friday, August 22, and running through Labor Day, Monday, September 1. The meet, known for its tight five-furlong oval and festive summer atmosphere, continues to be a popular and tradition-rich stop on the Maryland racing calendar.
Fair Hill is moving forward with its plan to offer Thoroughbred racing on its new turf course on Saturday, Aug. 30, and it will mark the first meet in six years at the Cecil County facility.
