KY Supreme Court rules Instant Racing legally implemented
The Kentucky Supreme Court on Thursday ruled that the Kentucky Horse Racing Commission "has the statutory authority to license and regulate the
operation of pari-mutuel wagering on historic horse racing". However, "under the
present statutory scheme for taxing the wagering handle on horse racing in
Kentucky, the Department does not have the authority to collect the statutory
excise tax on the wagering on historic horse races" and "whether the licensed
operation of wagering on historic horse racing, pursuant to the Commission's
authority, violates the gambling provisions of the Kentucky Penal Code is an
issue that depends upon facts not in the record, and therefore, must be
deferred pending further proceedings in the circuit court".
Click here for the full opinion.
More to come….
Click here for the full opinion.
More to come….
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