Regional
5:53 am
Thu April 3, 2014

Keeneland, Red Mile Approved For Instant Racing

Instant Racing allows gamblers to place wagers on horse races that have already been run.
Instant Racing allows gamblers to place wagers on horse races that have already been run.

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.

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.

Approval is pending agreements with horsemen to determine how much revenue they'll receive.

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.