Who is getting excited for the Kentucky Derby?!
Do you have a ticket? Or perhaps a Derby party in the works?
Once again I will be out in Lexington in early May to revel in the festivities.
Who are you placing your bets on?
I had a reader once remind me of the quote:
You know horses are smarter than people. You never heard of a horse going broke betting on people. ~Will Rogers
Would Keeneland be marred or enhanced by the addition of a casino?
(Photo is my own)
There is currently a lot of controversy over racing and gambling - Kentucky doesn't permit casinos at their tracks (defined generally by slot machines and roulette tables). This accounts for an enormous loss in potential revenue. In other states, such as Pennsylvania, West Virginia, and Indiana, gambling is permitted at the tracks. And in England you can bet online for races (like the upcoming Cheltenham Festival or the Gold Cup, if you wish to do so).
Horse racing mingles with casinos at operations dubbed "racinos"
The advocates of on-site slots at the Kentucky tracks claim that the revenue would contribute to higher purses, and higher purses draw the better horses, and better horses makes for better races, and better races bring more people in- to therefore complete the circle of more people funding higher purses.
Dissenters claim that on-site slot machines are just a short-term solution that won't offer long-term positive consequences; others claim that casinos on-site will besmirch the reputation of racing; many just find casinos to be contrary to the public interest.
I have placed bids at the racetracks before (based solely on horse conformation and not on calculations of the odds or bloodlines), but have never gambled online.
In general, I tend to oppose the addition of more casinos in my hometown, but I can certainly see how "racinos" would provide valuable funding to Kentucky tracks.
How would you vote, whether you gamble or not, in favor of racinos or against?
Quote provided by USA Today