Legislation to authorize casino gambling at racetracks and non-racing facilities via constitutional amemdment was introduced Feb. 20 in the Kentucky House of Representatives. But with half of the short 30-day General Assembly session already in the books, the bill isn’t expected to win approval this year.
The bill, which has eight sponsors, including Rep. Larry Clark, calls for nine casinos, five at racetracks and four at non-track locations. Among the racetracks that would get gaming are Churchill Downs, Kentucky Downs, and Turfway Park; Keeneland and The Red Mile in Lexington would share a license, according to the bill.
The state would get 35% of adjusted gross revenue. Racing-related funds such as purse accounts and breed development programs would get 14.65% of adjusted gross revenue. Roughly 45% would go to license-holders to build and operate casinos.
Similar legislation has been introduced in recent years, but it hasn’t made the House floor for a vote. Industry officials have said there is little chance for gaming legislation this year because of the November gubernatorial election, but they may make a push in 2008.