Red Mile has seen the incorporation of 902 slots machine for horse racing. The facility is claimed to have incurred a total cost of $42 million as it was renovated after its 140 years of existence. The facility has been ever busy since it was opened on the 12th day of September and everyday it sees many clients; old and young, black and white. The new racing house doesn’t incorporate horse as it can be noticed from the inside.
Once in, one pays the deskman a visit from where he or she is issued with a $5 voucher and chooses his slot machine. From the slot machines, images of horse racing come to being and it is from this point that one realizes that indeed the Evolution of Horse racing is imminent.
There is one major different between these machines and slot machines. Unlike slot machines, the evolving horse racing machines have the pari-mutual betting where victors are selected from the results of over 1000 past horse races but not selected by arbitrary number of generators.
Once at the slot machine, player chooses the preferred numbers of the top three finish horses. This can be made easier by analyzing previous performance of certain horses, their riders as well as trainers.
However, the introduction of horse racing revolution has faced several criticisms with the Family Foundation an activist group filling a case at the Franklin Circuit Court on the matter. Nonetheless, the complexity of the case may take a longer time than expected. The activist group has questioned the eligibility of whether the pari-mutual betting despite it being allowed by the law in Kentucky.
Nonetheless, the tracks have no worry on the matter as it is clear that the case would take more time before the final verdict is made and by then, the investment company would have recovered all the input capital. It would not be possible for the government to lose the source of taxes as well as firing over 200 employees in Red Mile.
Gambling is good when conducted responsively. Many have claimed that having vast betting revenue is crucial in the survival world of racing industry. Nevertheless it has been evident in other states that politicians get fed up once the flow of the expanded betting is initiated.
This article is published in: Horse Racing Betting
Tags: horse racing, Kentucky, tax
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