(a) The races were actual events held at race courses during race meets;
(b) The races were subject to mutuel wagering at the time the races were originally held; and
(c) The race meets at which the races were originally held were approved by the commission or by an equivalent regulatory body in another state.
(2) Subsection (1) of this section allows mutuel wagering on a horse race displayed as a video or audio recording, or another form of recording approved by the commission, but does not authorize wagering on any animation, computer simulation or other artificial representation of horse racing.
(3) Subsection (1) of this section does not apply to a race meet operator described in ORS 462.057 (2). Subsection (1) of this section does not authorize off-race course wagering or multi-jurisdictional simulcasting for horse races previously held.
(4) Wagers authorized under subsection (1) of this section are subject to the provisions of ORS 462.157. [2013 c.275 §2; 2021 c.573 §5]