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Horse Industry Will See Benefits from Slot Machines

Kentucky wants the residents of their state to legalize slot machines at the tracks so that they can shore up the already failing industry. According to experts, if the state allows slot machines to come in they could be looking at millions of dollars a year coming into the state, with at least $100 million of it each year going to the horse racing industry.

The Amendment would go before the residents of the state of Kentucky, asking them to support the tracks by allowing these slot machines to come in, and they would support the state because the extra money would go to many underfunded programs. If it is passed, next November residents would vote on whether or not they think the slot machines are a good idea.

The proposal states that one fourth of the money from the slot machines, or $100 million, whichever is greater – would go to the tracks. They say that this is a good plan to help the industry and keep thousands of people in jobs that might not be able to stay if the slot machines are not approved.

Those opposing the slot machine bill say that if the horse racing industry cannot support itself than they might need to rethink having them around. They say that if they aren’t bringing in enough money to support themselves then it is not up to the state to continue to support them through legalizing slot machines. They believe that the state should move along and let the horses do the same.

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