[email protected] bessie gruwell executive director delaware thoroughbred horsemen’s assoc
TRANSCRIPT
State of Delaware
State Government 62 Senators and Representatives Lobbyist PAC Fund
1994 Horse RacingRedevelopment Act
To help resuscitate our ailing horseracing industry.
Generate revenue for the state budget Generate revenue for the state budget
Department of Agriculture2004 Delaware Equine Industry Study
2nd Largest agri-business in the state Validities the value of horseracing to the state
and its overall impact
Sports Betting
Delaware is one of four states exempt from a federal ban enacted in 1992.MontanaNevadaOregonDelaware (only state East of the Mississippi)
Sports Betting / Table Games(Division of Revenue)
9.6% to purses on Sports Betting Table Game Revenue – TBA VLT (slot revenue) reduced to .9% – down
from 10% since inception Approximately $2.6 million-dollar loss of purse
money
Table Games
Pressured and rushed with introduction Unexpected Used West Virginia model for split All agreements are 4.5% to purses at this time
Where are we now?
Racino owners worried about their bottom-line State worried about their budget and revenue We – the horsemen – are worried about the
survival of our thoroughbred industry
Breeding Programs & Incentives
Contribution to state’s agri-business and economy
Preservation of farmland Provide employment Supports other business
– Farmers– Feed Stores– Blacksmiths– Veterinarians