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SB 762MARYLANDSession 2026State BillSigned into law

Enacted

Maryland makes matching funds optional for racetrack capital grants and sets a 10-year live racing requirement

Original title: Horse Racing - Racetrack Facility Renewal Account Grants - Alterations

Last action · May 12, 2026: Approved by the Governor - Chapter 383Sponsors: Guy Guzzone and 9 others

Companion · HB 1598same policy, House version

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Does

Maryland authorizes horse s to receive capital construction grants from the without providing a matching fund, provided they commit to conducting live racing for at least 10 years after project completion. The measure also adjusts how unencumbered fund balances are reallocated between Rosecroft Raceway and Ocean Downs Race Course if either track closes.

Why it matters

s seeking capital improvement grants no longer face a mandatory matching-fund requirement, altering financial conditions for track owners while tying state grant funds to a decade-long live racing commitment.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Racing licensees

Racetrack operators are eligible for capital construction grants without matching funds under a 10-year live racing commitment.

Directly affected

State Racing Commission

The Commission is tasked with monitoring construction plans, adopting implementation regulations, and recapturing grant funds if conditions are not met.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Do racetrack operators still need to provide matching funds to get capital construction grants?

No. The law authorizes s to receive capital construction grants from the without providing a matching fund, provided they agree to conduct live racing for at least 10 years after the construction plan is complete.

What happens to grant money if a racetrack closes or stops live racing within 10 years?

The State Racing Commission is required to calculate the amount to be repaid on a pro rata basis and recapture the grant money.

What happens to the account funds if one of the racetracks closes permanently?

If Rosecroft Raceway or Ocean Downs Race Course closes and ceases live racing, 75% of its unencumbered fund balance in the is reallocated to the remaining active racetrack.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

16 actions

May 12, 2026Governor of MarylandEnrolled
Approved by the Governor - Chapter 383
Apr 13, 2026SenateFloor
Passed Enrolled
Apr 13, 2026SenateFloor
Third Reading Passed (47-0)
Apr 13, 2026SenateFloor
Senate Concurs House Amendments
Apr 13, 2026HouseFloor
Third Reading Passed (136-0)
Apr 9, 2026HouseFloor
Second Reading Passed with Amendments

Show 10 earlier actions

Apr 9, 2026House
Favorable with Amendments { 543729/1 Adopted
Apr 9, 2026HouseCommittee
Favorable with Amendments Report by Appropriations
Mar 26, 2026House
Hearing 3/31 at 1:00 p.m.
Mar 21, 2026HouseCommittee
Referred Appropriations
Mar 20, 2026SenateFloor
Third Reading Passed (41-0)
Mar 19, 2026SenateFloor
Second Reading Passed with Amendments
Mar 19, 2026Senate
Favorable with Amendments { 933623/1 Adopted
Mar 19, 2026SenateCommittee
Favorable with Amendments Report by Budget and Taxation
Feb 11, 2026Senate
Hearing 3/11 at 1:00 p.m.
Feb 6, 2026SenateIntroduced
First Reading Budget and Taxation

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Rosecroft Raceway, Ocean Downs Racetrack, Legislative Policy Committee and 3 more

locationRosecroft Raceway“Racetrack location in Maryland eligible for operational and capital funding”Map →

locationOcean Downs Racetrack“Racetrack location in Maryland eligible for operational and capital funding”Map →

OrganizationLegislative Policy Committee“Recipient of required capital improvement plans”Map →

OrganizationRacetrack Facility Renewal Account“Account providing grants for racetrack facility capital construction and improve”Map →

OrganizationState Racing Commission“State agency issuing licenses, monitoring capital construction plans, and managi”Map →

OrganizationDepartment of General Services“Consulted by the State Racing Commission to monitor capital construction plans”Map →

Sources

Open source document

mgaleg.maryland.gov

Analysis Score

0–100

Significance45
How much this matters to a regular citizen
Controversy15
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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