Friday, January 14, 2011

One Pen. One Line.

Jeff Gural about five or six years ago said (paraphrasing) - 'when the government comes to take slot money for itself, racing better have an answer.'

In Indiana, that time is here.

"The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.

Currently, the industry gets all of the 15% of adjusted gross revenue from slots at Hoosier Park Racing & Casino and Indiana Downs. The budget bill offered by Gov. Mitch Daniels would reduce that amount and shift 43% of the industry’s revenue to the state’s general fund."

1 comment:

Steve Munday said...

That sound you just heard is the other shoe dropping. Who didn't see this coming eventually?