Taxing Online Casinos Better Plan for Kentucky Than Ban - Online Casino Sphere

[I Heart Gambling Online]

LEXINGTON, KENTUCKY -- Even as the state fights to eliminate gambling by seizing the domain names of 141 online casinos, Kentucky track officials are saying increased gambling is probably the only way to save the state's thoroughbred industry. Governor Steve Beshear has sought to use the courts to rid the horse racing tracks of competition, but even an unlikely victory in the case leaves horsemen and patrons fleeing the state for greener pastures.

Tracks in nearby states such as Indiana have used slots and other gambling to prop up their racing industries, and increased purses funded by income from racinos has led to top horse owners choosing to leave Kentucky's famed tracks for bigger prizes elsewhere.

A report by Beshear's task force on the future of Kentucky horse racing said, "Kentucky must identify a new source of revenue that is competitive with other states, or the Kentucky Thoroughbred industry will soon be in crisis."

More...