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- KY Breeders' Incentive Fund Deadline August 1st, 2010. «Read more
Instant Racing Passed by Kentucky Horse Racing Commission
The Kentucky Horse Racing Commission passed regulations on Tuesday that will allow Kentucky racetracks to offer pari-mutuel wagering on historic horse races – commonly known as Instant Racing. Governor Beshear and the members of the Commission are to be commended for working so diligently on behalf of our signature racing and breeding industries, and the 100,000 jobs they are responsible for providing.
While Instant Racing will not inject the same amount into purses and breeders incentives that VLT's would, it is nonetheless a significant first step toward leveling the competitive playing field. At Oaklawn Park in Hot Springs, Arkansas, proceeds from Instant Racing have contributed millions of dollars to purses and breeders awards.
The passage of Instant Racing provides much needed good news for Kentucky's equine industry, and could be responsible for generating new revenue for Kentucky purses and breeders incentives. While we will continue working to allow our industry to fairly compete, we are appreciative of the efforts of Governor Beshear and the Racing Commission to provide the industry a boost through the passage of Instant Racing.
To find more coverage on the passage of Instant Racing, click on the following links:
http://www.paulickreport.com/blog/kentucky-racing-commission-approves-instant-racing-regulations/
http://www.kentucky.com/2010/07/20/1356432/racing-commission-might-vote-on.html
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