instant racing http://wkyufm.org en Keeneland, Red Mile Approved For Instant Racing http://wkyufm.org/post/keeneland-red-mile-approved-instant-racing <p></p><p>Keeneland Race Course and The Red Mile have been approved for instant racing and plan to open facilities in July 2015. The Kentucky Horse Racing Commission unanimously approved the requests Wednesday.</p><p>Keeneland and Red Mile officials expect to reach similar levels of wagering as the only other sites in Kentucky that offer instant racing, Kentucky Downs in Franklin and Ellis Park in Henderson. They collectively take in about $30 million in wagering a month, with Kentucky Downs alone averaging about $1 million a day.</p><p>Approval is pending agreements with horsemen to determine how much revenue they'll receive.</p><p>Keeneland expects to build a 50,000 square foot parlor and install 600 terminals, while The Red Mile wants to build a 40,000 square foot parlor onto its grandstand and install 500 machines. Thu, 03 Apr 2014 10:53:47 +0000 Associated Press 46064 at http://wkyufm.org Keeneland, Red Mile Approved For Instant Racing Kentucky Supreme Court Rules on Taxes and Legal Challenge Related to Instant Racing http://wkyufm.org/post/kentucky-supreme-court-rules-taxes-and-legal-challenge-related-instant-racing <p></p><p>The Kentucky Supreme Court says the state can’t collect pari-mutuel taxes on instant racing games.</p><p>However, <a href="http://www.courier-journal.com/article/20140220/BUSINESS/302200027/Slot-like-instant-racing-game-legally-implemented-tax-can-t-collected-Kentucky-Supreme-Court-says" target="_blank">the Courier-Journal reports</a> the high court also ruled Thursday that instant racing was legally implemented in the commonwealth.</p><p>Kentucky Downs in Franklin and Ellis Park in Henderson currently offer instant racing, which involves bettors wagering money on videos of previously run races.</p><p>Despite the ruling, justices said the conservative Family Foundation of Kentucky can continue its efforts to oppose Instant Racing. The group is gathering evidence for its legal challenge against the games, which it believes were implemented illegally.</p><p>State regulators have allowed pari-mutuel taxes to be collected on the games, but Thursday’s ruling by the Kentucky Supreme says those taxes only apply to live racing events. Thu, 20 Feb 2014 16:15:33 +0000 WKU Public Radio News 44081 at http://wkyufm.org Kentucky Supreme Court Rules on Taxes and Legal Challenge Related to Instant Racing Kentucky High Court Takes Up Instant Racing Challenge http://wkyufm.org/post/kentucky-high-court-takes-instant-racing-challenge <p>The Kentucky Supreme Court is set to step into a long-running dispute over whether a slot machine-like device is legal in the state.</p><p>The justices will hear arguments Wednesday from the state and The Family Foundation, which is challenging the Instant Racing game. Each side will have 30 minutes to make its case.</p><p>The game allows patrons to bet on past races without knowing the names of the trainers, jockeys or horses involved. Kentucky Downs in Franklin and Ellis Park in Henderson each offer the game.</p><p>he high court case will focus on whether Instant Racing is a pari-mutuel game, like horse racing, or more like slot machine gambling, which is not allowed in Kentucky. Wed, 21 Aug 2013 13:46:00 +0000 Associated Press 35842 at http://wkyufm.org Kentucky High Court Takes Up Instant Racing Challenge Kentucky Governor: Casino Bill Dead for 2013 Session http://wkyufm.org/post/kentucky-governor-casino-bill-dead-2013-session <p></p><p>Gov. Steve Beshear says he's a fan of Instant Racing for Kentucky's horse racing tracks—but&nbsp;he's not sure if legalizing the gambling format would be used to fund the state's&nbsp;struggling pension system.</p><p>Meanwhile, Beshear&nbsp;said&nbsp;casino gambling&nbsp;is not happening this year.</p><p>House Democratic leaders says they are looking at&nbsp;legalizing the slots-like game statewide&nbsp;to help generate at least $25 million a year to help fully fund pension obligations. Only two tracks, Ellis Park and Kentucky Downs, currently have the game.</p><p>Beshear did not commit fully to the idea, but said he will not allow lawmakers to ask for budget cuts in 2014 to help pay for pensions. Tue, 19 Feb 2013 17:06:21 +0000 26690 at http://wkyufm.org Kentucky Governor: Casino Bill Dead for 2013 Session Kentucky House Leaders Considering Instant Racing Legalization to Help Pay for Pensions http://wkyufm.org/post/kentucky-house-leaders-considering-instant-racing-legalization-help-pay-pensions <p></p><p>Kentucky House leaders are considering legalizing Instant Racing across Kentucky to help plug the funding gap in the state's pensions.</p><p>Instant Racing is a slots-like game currently played at two Kentucky tracks, Ellis Park and Kentucky Downs. The legality of the game is also currently being litigated at the Kentucky Supreme Court.</p><p>But if the General Assembly passes a bill authorizing it, the court case would be moot.</p><p>The Democratic caucus is considering the Instant Racing option as one of many to fully fund state pensions going forward, House Speaker Greg Stumbo said. Fri, 15 Feb 2013 18:59:29 +0000 26549 at http://wkyufm.org Kentucky House Leaders Considering Instant Racing Legalization to Help Pay for Pensions Kentucky Supreme Court Wades into Instant Racing Controversy http://wkyufm.org/post/kentucky-supreme-court-wades-instant-racing-controversy <p>The Kentucky Supreme Court has agreed to hear an appeal concerning Instant Racing games being used at two racetracks in the listening area of WKU Public Radio.</p><p>Instant Racing uses videos of old horse races, with the identities of the horses, jockeys, and trainers concealed. Participants place wagers after seeing a brief video clip of the race in the corner of the screen. The games are currently being used at Kentucky Downs in Franklin and Ellis Park in Henderson.</p><p><a href="http://www.courier-journal.com/article/20130111/BUSINESS/301110116/Kentucky-Supreme-Court-hear-Instant-Racing-case" target="_blank">The Courier-Journal reports</a> it remains to be seen whether the Kentucky high court will decide, once and for all, whether Instant Racing games can operate in the Bluegrass State. The ruling being appealed was technical in nature, did not address the legality of the game and returned the case to the first court to hear the matter. Sat, 12 Jan 2013 15:46:54 +0000 Kevin Willis 24794 at http://wkyufm.org Kentucky Supreme Court Wades into Instant Racing Controversy Kentucky Instant Racing Proponents Hoping High Court Will Resolve Controversy http://wkyufm.org/post/kentucky-instant-racing-proponents-hoping-high-court-will-resolve-controversy <p>Supporters of instant racing in Kentucky are once again trying to take their case to the state supreme court. Instant racing games allow players to wager on previously-run horse races using slot-machine like-devices. The Franklin Circuit Court previously ruled that the games are legal, but an appeals court sent the decision back, saying&nbsp; the anti-gambling Family Foundation should&#39;ve been allowed to gather evidence in the case. Wed, 18 Jul 2012 21:11:53 +0000 15845 at http://wkyufm.org Kentucky Instant Racing Proponents Hoping High Court Will Resolve Controversy Henderson Horse Track Could Have Instant Racing by September http://wkyufm.org/post/henderson-horse-track-could-have-instant-racing-september <p>The owner of Ellis Park in Henderson says he hopes to expand the horse track&rsquo;s gambling options by Labor Day. Ron Geary wants to move ahead with plans to install instant racing machines, despite an ongoing lawsuit over the legality of those games in Kentucky. Tue, 26 Jun 2012 20:41:07 +0000 Kevin Willis 14691 at http://wkyufm.org Henderson Horse Track Could Have Instant Racing by September Kentucky Court of Appeals Hears Arguments, will Decide Soon on Instant Racing http://wkyufm.org/post/kentucky-court-appeals-hears-arguments-will-decide-soon-instant-racing <p>A decision is expected within six weeks over whether Instant Racing is legal in Kentucky. The state&rsquo;s Court of Appeals heard arguments in the case Wednesday. Instant Racing is a slots-like game that Kentucky racetracks hope to use to boost race purses. But the Family Foundation of Kentucky says the game isn&rsquo;t pari-mutuel betting like horse racing, but instead is closer to a slot machine. Wed, 25 Apr 2012 19:56:02 +0000 11372 at http://wkyufm.org Kentucky Court of Appeals Hears Arguments, will Decide Soon on Instant Racing Legality of Instant Racing Considered in Frankfort http://wkyufm.org/post/legality-instant-racing-considered-frankfort <p>A Kentucky Court of Appeals panel Wednesday afternoon is hearing arguments on the legality of the slot machine-like Instant Racing game being used at Kentucky Downs in Franklin and approved for Ellis Park in Henderson. The Kentucky Horse Racing Commission last year approved Instant Racing, a game that lets gamblers place bets on old horse races using a machine similar to a slot machine. Wed, 25 Apr 2012 14:38:37 +0000 Associated Press 11344 at http://wkyufm.org