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