Maryland's House Bill 337, introduced on March 14, 2025, aims to bolster local economies through enhanced funding linked to live racing and intertrack betting at Laurel Race Course. The bill outlines a structured financial framework that allocates funds to Anne Arundel County, Howard County, and the City of Laurel based on the number of racing days held annually.
Under the proposed legislation, if Laurel Race Course hosts 140 or more days of live racing in a year, the Comptroller will distribute $2,000 per racing day to Anne Arundel County, $500 to Howard County, and $300 to the City of Laurel. Additionally, for each day of intertrack betting without live racing, the counties and city will receive $1,000, $250, and $150, respectively. If fewer than 140 days of live racing occur, the payments will still be made but capped at a maximum of 140 days.
A significant aspect of the bill is the introduction of a supplemental local impact grant of $3 million annually to Prince George’s County, funded by the State Lottery. Starting after June 30, 2025, the bill also proposes an additional $500,000 in local impact aid from Racetrax lottery game proceeds, distributed among the three jurisdictions based on their share of the payments outlined in the bill.
The bill has sparked discussions among local officials and stakeholders, with proponents arguing that it will provide much-needed financial support to the communities surrounding the racecourse, potentially leading to job creation and increased local spending. However, some critics express concerns about the sustainability of funding and the reliance on gambling revenues, questioning whether this approach adequately addresses broader economic challenges.
As the bill progresses through the legislative process, its implications could significantly affect local economies, particularly in the context of Maryland's ongoing efforts to enhance its gaming industry. The outcome of House Bill 337 will be closely monitored, as it may set a precedent for future funding mechanisms tied to state-sponsored gaming activities.