Iowa Gov. Terry Branstad May 31 signed into law a bill that will allow casinos to buy out dog racing, but there could be legislation in 2015 to hammer out simulcast revenue splits for Thoroughbred and Quarter Horse racing.
Iowa Gov. Terry Branstad said he is unsure whether he will sign legislation that would allow casinos to buy out Greyhound racing because of an objection raised by horse interests over full-card simulcasts.
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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