L&O presentation 6 22-09

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L&O presentation 6 22-09

  1. 1. Helping Kentucky Remain Competitive<br />1<br />
  2. 2. Why We Are Here Today<br />Today, 35 states in the continental U.S. permit commercial, Indian and/or racetrack casinos (indicated in red). <br />Source: American Gaming Association website<br />2<br />
  3. 3. Of the 12 racing states nearest to Kentucky, 11 are growing their horse industries through gaming revenue (Arkansas, Illinois, Indiana, West Virginia, Louisiana, Florida, Maryland, Delaware, Pennsylvania, New Jersey and New York). These states are incenting Kentucky owners, trainers and farmers to relocate their racing and breeding stock. In total, racing states within Kentucky’s region that permit alternative gaming (indicated in red) will offer more than $1.2 billion in purses and breeder awards in 2010.<br />Sources: Thoroughbred Racing Associations, Comparative Study, November 2008; Economic Impact of Slot Machines on Pennsylvania’s Pari-mutuel Industry 2006-2007; 2007 Minnesota Racing Commission Annual Report; New York State Racing & Wagering Board 2007 Annual Report<br />3<br />
  4. 4. 4<br />
  5. 5. 5<br />2008 Win at Indiana Casinos on Kentucky’s Border<br />Source: Indiana Gaming Commission, 2008 Annual Report.<br />
  6. 6. Kentucky Faces an Unprecedented Threat<br />Requiem for Ellis Park?<br />For the first time, Ellis Park will overlap race dates with Indiana tracks for the majority of its 2009 meet. This chart clearly illustrates why Ellis Park was forced to cut its 2009 race dates and why this may be its last race meet.<br />Projected purses in millions<br />6<br />Source: Thoroughbred Racing Associations, Comparative Study, November 2008<br />
  7. 7. Kentucky Faces an Unprecedented Threat<br />Turfway may be next.<br />Projected purses in millions<br />7<br />Source: Thoroughbred Racing Associations, Comparative Study, November 2008<br />
  8. 8. Helping Kentucky Remain Competitive<br />8<br />

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