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Kentucky House speaker says bill being drafted to tax Instant Racing games
Reported by: Associated Press
Reported: Friday, February 21, 2014 10:13 AM EST
Kentucky House Speaker Greg Stumbo says lawmakers are drafting legislation that would tax Instant Racing games.
But the court ruled that the pari-mutuel tax cannot be applied to the games.
Stumbo says the lack of legislative action on the issue could allow racetracks that offer the slot-like games to keep all the profits.
The Supreme Court returned the case to a lower court for more arguments on whether Instant Racing qualifies as a horse race or is illegal gambling.
Instant Racing games allow people to bet on the outcome of an old horse race without knowing which contest they are betting on.