An Indiana lawmaker has introduced legislation calling for an independent report on the economic impact of the horse racing and breeding industry in the state.
Legislation that would divert gaming revenue for horse racing to other sources has been introduced in Maryland, and in Pennsylvania the governor has taken similar action in his 2012-13 state budget.
Indiana lawmakers have passed a two-year, $28 billion budget that largely spares the horse racing and breeding industry, which was targeted for major reductions in the amount of revenue it receives from slot machines.
Representatives of Indiana's horse racing and breeding industry are lobbying against part of the proposed state budget that would reduce its share of revenue from racetrack gaming by about 55%.
The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.
Less than two years into its slots-at-racetracks initiative, Indiana is in conflict and debate over its Thoroughbred racing and breeding programs, and how to strike a balance between them.
The Indiana Horsemen's Benevolent and Protective Association said it was part of a discussion to assist racetracks by surrendering a portion of horsemen's revenue from slot machines but isn't a member of the coalition that issued a June 16 release to that effect.
Four horsemen's and breeders' organizations in Indiana said June 16 they will, over a three-year period, give racetracks a share of their revenue from slot machines to help stabilize the tracks.
Indiana lawmakers advanced a bill to the desk of Gov. Mitch Daniels late April 29 that would permit slot machines at Hoosier Park and Indiana Downs, but each track must pay $250 million up front for a slots license.
An Indiana legislator has proposed licenses to operate slot machines at two racetracks in the state be auctioned to the highest bidder.
The Indiana Senate has approved legislation that would authorize slot machines at Hoosier Park and Indiana Downs. The measure now goes back to the House of Representatives, where changes made by the Senate can be approved or rejected.
Legislation to authorize slot machines at Hoosier Park and Indiana Downs continues to be reshaped in the Indiana legislature. The full Senate could determine its fate March 27.
Legislation that would allow slot machines at Indiana's two pari-mutuel racetracks was endorsed by a Senate committee on a 9-3 vote March 20, but there are concerns about a $400-million license fee each track would have to pay for the right to operate slots.
Legislation to be considered by the Indiana Senate would mandate that incoming simulcasts be made available to all wagering outlets in the state or not be available at all. The bill was reported out of the Senate Committee on Homeland Security, Utilities, and Public Policy Jan. 24.
Two proposals calling for pull-tab machines at Hoosier Park and Indiana Downs received their first hearing Jan. 26, but after three hours of debate in the House Public Policy and Veterans Affairs Committee, one thing was clear: Legislation to authorize the machines could meet an early fate.
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