Iowa breeders are seeking legislation to end a requirement that a registered stallion in the state must be owned by an Iowa resident. Currently, at least 51% of an Iowa-registered sire must be owned by an Iowa resident.
The 67-day Thoroughbred meet at Prairie Meadows Racetrack & Casino will run from April 18-Aug. 9 in 2014, but its racing week is still in dispute.
The Iowa Racing and Gaming Commission Nov. 8 approved a plan by Prairie Meadows Racetrack and Casino for a 2008 racing season over the objections of Thoroughbred interests that wanted a longer spring meet.
The mixed meet at Prairie Meadows Racetrack & Casino experienced a 12.5% increase in overall betting per day, but a 4.6% drop in on-track wagering.
Prairie Meadows plans to run 90 days of Thoroughbred and Quarter Horse racing in 2006 under a plan unanimously approved Aug. 29 by the track's board of directors.
Thoroughbred and Quarter Horse interests in Iowa oppose a plan by the Standardbred industry to shift a larger percentage of purse money at Prairie Meadows to harness racing.
Prairie Meadows stands to save $17 million in gaming tax payments this year and $23 million by 2004 after the Iowa Supreme Court ruled June 12 that it was unconstitutional to charge a higher tax rate for slot machines at racetracks than those on riverboats.
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