RD81 - Virginia Racing Commission 2010 Annual Report


Executive Summary:
Pursuant to the provisions of the Code of Virginia Title 59, Chapter 29, Section 59.1-369 (9) relating to horse racing with pari-mutuel wagering, it is my privilege and pleasure to submit the 2010 Annual Report of the Virginia Racing Commission.

VRC Revenue is generated from a percentage of every pari-mutuel wager made in Virginia – in person at Colonial Downs and its ten satellite wagering facilities as well as online and over the phone. This revenue serves to fund the operation of this regulatory agency and allows us to meet our obligation to the General Fund as per the provisions of the Appropriations Act.

This Racing Commission remains committed to ensuring the integrity of racing for the participants and patrons alike and appreciates the continued support for horse racing and the equine industry from the Administration and the members of the General Assembly.

Respectfully Submitted,

David S. Lermond, Jr.

Acting Executive Secretary