Subject to the Interstate Horseracing Act of 1978, 15 U.S.C. §§ 3001 through 3007, a licensee may simulcast races held in this State to another jurisdiction where betting on racing is lawful. All payments to the licensee under this section shall be allocated to the licensee, purses, and the applicable bred fund in the way agreed to by: the licensee; the group that represents a majority of the applicable owners and trainers licensed in the State; and the group that represents a majority of the applicable breeders in the State.