by Janet Patton, 5.6.15, Kentucky.com
The Kentucky Horse Racing Commission has approved a plan by Keeneland to move its simulcasting — betting on live horse races run elsewhere — to The Red Mile in Lexington.
Keeneland will put the simulcast betting in a new $2 million operation inside the $30 million “instant racing,” or historical wagering, casino being built at The Red Mile, which is a harness racing track.
The two tracks will share the casino for the slotslike betting, but the simulcasting operations will remain separate: Keeneland will take bets on Thoroughbred races, and The Red Mile will take bets on harness races. Either will take bets on quarter horse racing once Keeneland’s quarter horse track and historical wagering casino near Cor bin open in 2016, officials said.
Simulcasting is a major source of betting revenue for all racetracks in North America, including Keeneland. For the recently concluded spring race meet, betting at the track on live races accounted for only about 13 percent of all betting on Keeneland races. The rest — about $105 million — was done elsewhere…Read more at Kentucky.com
The opinions expressed in the articles on this website are those of the authors and do not necessarily state or reflect the views of The Fayette Alliance. Publication on this website should not be considered an endorsement. The material and hypertext links provided are offered for informational purposes only as they contain information of interest to The Fayette Alliance and the general public. © The Fayette Alliance.