Keeneland plans to offer historical racing at a new 40,000-square foot facility to be built on the property and scheduled to open in July 2015. The new Keeneland Event Center will offer 600 Instant Racing games.
The number of historical race gaming machines in operation at Kentucky racetracks would increase substantially if the Kentucky Horse Racing Commission approves requests from Keeneland Racecourse and The Red Mile.
The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.
Two Lexington racetracks are expected to apply for licenses to operate historical race wagering machines when the Kentucky Horse Racing Commission meets April 2.
Ellis Park in Henderson, Ky., is seeking to make changes in its historical racing operations, including removal of 50 terminals that will be sent to Kentucky Downs in Franklin.
If the monthly average holds, total wagering on historical races in Kentucky will top $600 million by the end of February. The devices have been operating in the state for 29 months.
The Kentucky Supreme Court has ruled the state's horse racing commission has the statutory authority to allow wagering on historical racing, but questions about taxation will require further action in circuit court.
A New Jersey Senate committee Dec. 9 approved legislation that would authorize historical race wagering, also known as Instant Racing, at the state's racetracks, off-track wagering parlors, and casino race books.
Patrick Neely, executive director of the Kentucky Equine Education Program, is leaving the post Oct. 18 to take a job in Michigan.
Compared with 2012, average all-sources handle declined 17% at the recently completed Ellis Park summer meet, a decrease the track attributes to new competition and fewer off-track outlets in the state.
The Kentucky racetrack, which will offer live racing five days in September, released a condition book that shows more stakes and hefty overnight purses, including $90,000 for 2-year-old maiden special weight events.
A New Jersey lawmaker has introduced a bill to authorize historical race wagering, also called Instant Racing, at racetracks, off-track wagering facilities, and casinos in the state.
In a surprise announcement June 10, Portland Meadows said it will have live racing from July 21 through Jan. 26, 2014. The track recently was approved to install historical racing machines.
Wagering on historical races, an electronic form of gaming in which the outcome is determined by the results of previously run races, continues to soar in Kentucky and has exceeded the $356 million mark through May.
The Oregon Senate May 23 passed legislation authorizing Portland Meadows to install historical racing machines. The measure now goes to the governor for his consideration.
The Kentucky Quarter Horse Racing Association has thrown its support behind Keeneland's plan to jointly purchase an eastern Kentucky harness track license and build a Quarter Horse racetrack.
The Kentucky Senate Feb. 28 refused to accept a funding measure that would have shifted most revenue from historical race wagering to retirement programs at the expense of the horse industry.
The Kentucky House Feb. 27 passed legislation that in part would take revenue from historical race wagering to fund pensions for state workers, but one lawmaker questioned the bill's impact on the horse industry.
Wyoming became the second state to enact wagering on historical races via legislative action and the signature of the governor Feb. 27.
A Kentucky lawmaker said a General Assembly vote on a constitutional amendment on casino gambling hinges on several factors, none of which appear to be in place during the current legislative session.
Keeneland officials said they view their plan to build a Quarter Horse racetrack and entertainment center in southeastern Kentucky as part of an overall effort to improve the economics of the horse industry.
The Oregon horse racing and breeding industry is making a push for historical race wagering at Portland Meadows, which last year raced in the summer and fall with mixed results.
Wagering on historical races in Kentucky generated more than $3.8 million for purses and the state Thoroughbred Development Fund from September 2011 through December 2012.
Churchill Downs Inc. has invested at least an additional $1 million in Kentucky Downs, the track in South Central Kentucky that has reaped millions in revenues from Instant Racing machines introduced last fall.
With an appeals court planning to hear arguments later this month on the legality of Instant Racing, the electronic form of gaming continues to generate significant revenues for Kentucky Downs and the state's horse industry.
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