This bill lets most pari-mutuel (pooled betting at horse/dog tracks and jai alai) permit-holders stop holding live racing. Thoroughbred tracks with slots or card rooms must continue live racing until giving three years’ notice after July 1, 2027. Permits can be transferred or relocated with state approval, with some moves limited to the same county. The facility leasing radius expands to 50 miles, but relocated thoroughbred tracks can’t run card rooms at leased training centers. Some card room taxes are waived, penalties eased, and the state gets more power to appoint representatives to certain racing nonprofit boards.