Texas Racing Commission
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Texas Racing Commission

Commission / Commissioners


Finances

The Texas Racing Commission has two sources of revenue for operating expenses:

1.  Racetrack license fees and fines assessed against the racetracks
2.  Occupational license fees and fines assessed against licensees
The Commission collects license fees from racetrack licensees, which are based on the Commission's costs to administer and enforce the Texas Racing Act (Act, §6.18).  The Commission also collects license fees from occupational licensees, which are based on the relative income of the various categories of licenses (Act, §7.05).

The State's share of the pari-mutuel takeout is deposited directly to the General Revenue Fund and is not related to the Commission's financing structure.

Texas Bred Incentive Programs

The Commission also receives revenue from racetracks for the Texas Bred Incentive Programs. These funds are paid to the various breed registries to be used as breeders' awards. Because this money is statutorily dedicated to the Texas Bred Incentive Programs, the funds are not available to the Commission for any other purpose and are not reflected in the charts below.

Click here for more information about the Texas Bred Incentive Programs.

 

Page updated: 8/30/16

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