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Bet hubs OK'd in Ky.

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January 18, 2006 Send To A Friend  | Print View

The Kentucky Horse Racing Authority adopted regulations Jan. 17 to govern multi-jurisdictional wagering hubs in the state, almost two years after legislation was first passed for its approval.



The regulations allow racetracks and account-wagering services to apply for a wager-processing hub in Kentucky similar to those that operate in Oregon. The idea is to funnel more pari-mutuel handle through the state to assist in economic development of the horse industry.



The 2004 Kentucky statute, like the Oregon law, says the daily licensing fee charged to hub operators can be no more than $200, and the tax on handle no more than one percent. Oregon's handle tax is .25 percent in an attempt to attract business.



Currently, the only track in Kentucky that has its own phone-betting operation is The Red Mile. Thoroughbred tracks in the state have deals with the TV Games Network account-wagering system, which currently hubs through Oregon.


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