§ 44-3-420 — Racetrack license

(1) A racetrack licensee may sell alcohol
beverages by the drink for consumption on the licensed premises only to customers
of the racetrack and shall serve food as well as alcohol beverages.

(2) (a) Every person selling alcohol beverages as provided in this section
shall purchase the alcohol beverages only from a wholesaler licensed pursuant to
this article 3; except that, during a calendar year, a person selling alcohol
beverages as provided in this section may purchase not more than seven thousand
dollars' worth of malt, vinous, and spirituous liquors from retailers licensed
pursuant to sections 44-3-409, 44-3-410, and 44-4-104 (1)(c). On January 1, 2025,
and each January 1 thereafter, the state licensing authority shall adjust the
purchase limitation specified in this subsection (2)(a) for inflation and shall publish
the adjusted purchase limitation amount on the liquor enforcement division's
website.

(b) A racetrack licensee shall retain evidence of each purchase of malt,
vinous, or spirituous liquors from a retailer licensed pursuant to section 44-3-409,
44-3-410, or 44-4-104 (1)(c), in the form of a purchase receipt showing the name of
the licensed retailer, the date of purchase, a description of the alcohol beverages
purchased, and the price paid for the alcohol beverages. The licensee shall retain
the receipt and make it available to the state and local licensing authorities at all
times during business hours.

(3) If any person holds a valid license pursuant to this article 3 to sell alcohol
beverages by the drink for consumption on the licensed premises, the person is not
required to obtain a racetrack class license pursuant to this section if simulcast
races with pari-mutuel wagering occur on the licensed premises.

(4) It is unlawful for any owner, part owner, shareholder, or person interested
directly or indirectly in a racetrack license to conduct, own either in whole or in part,
or be directly or indirectly interested in any other business licensed pursuant to this
article 3 or article 4 of this title 44; except that a person licensed under this section
may have an interest in a license described in section 44-3-401 (1)(j) to (1)(t), (1)(v), or
(1)(w), 44-3-412 (1), or 44-4-104 (1)(c) or in a financial institution referred to in
section 44-3-308 (4).

Legislative History

Source: L. 2018: Entire article added with relocations, (HB 18-1025), ch. 152, p. 1023, � 2, effective October 1. L. 2019: (2) amended, (SB 19-011), ch. 1, p. 12, � 19, effective January 31. L. 2024: (2)(a) amended, (SB 24-231), ch. 205, p. 1260, � 22, effective August 7.