Breeders Cup
As Keeneland Opens, the Lack of Casino Gambling's Effect on Kentucky Racing is More Evident Than Ever
06.40
Keeneland opens its Fall Meet today in a weekend whirlwind of nine graded stakes featuring five Grade I stakes, with eight of the nine races being "Win and You're In" Breeder's Cup specials. The strong weekend of stakes masks a continuation of the downturn in Kentucky racing and breeding that has been evident since the Churchill Downs spring meet, continuing through the just concluded Turfway meet and Keeneland's September yearling sale.
For the first time in memory, Keeneland has cut purses. For this three week meet which concludes on October 30, total purse money has been cut by about $1 million and two stake races have been eliminated. Traditionally, Keeneland has been able to weather downturns in attendance and handle because its sale revenue has served to prop up its racing revenue. However, in the last couple of years, with sale revenue falling annually and with race revenue down, it has been unable to support its purse structure.
The picture at Turfway, which Keeneland co-owns with Harrah's, has been even bleaker. Turfway's traditionally smaller purses have been unable to keep pace with racing in neighboring Indiana and West Virginia, both of whose tracks are supplemented by casino revenue. In a scenario never before contemplated, Kentucky owners and trainers are forsaking the state and setting up shop at Indiana Downs and Hoosier Park, relatively new venues which had traditionally been considered no higher than the A League of racing. However, this year, Indian even saw a Triple Crown winner run in the state for the first time as Lookin at Lucky won the Indiana Derby at Hoosier Park.
Keeneland is trying something new this weekend. Tomorrow, for the first time, there will be an Arabian race which will be the first time in memory that Arabian horses will be running in sanctioned competition in Kentucky. Should be interesting as Arabian were the foundation sires of all thoroughbreds.
Kentucky is even losing stallions to other states that have higher breeding incentives fueled in many cases by casino or slots revenue. While a certain number of stallions leave Kentucky every year, and a portion of those leave for overseas, it appears to many Kentucky breeders that more stallions, and more highly regarded ones, are leaving for other states in response to breeding incentive programs that Kentucky is not able to afford to match.
All of this is empirical evidence to demonstrate the need for Kentucky to act quickly if it expects to keep its place as the primary locale for its signature industry. The Kentucky General Assembly in its session beginning in January, 2011 must pass some form of casino gaming or slots authorization legislation, everv if its no better than to place a constitutional amendment before the voters. Since the Republicans in the State Senate refuse to contemplate casino gaming or slots in any form and refuse to allow any amendment to be placed before the voters, I would urge any Kentuckians who read this blog to vote against any Republican state senate candidate in their district who is not firmly committed to approve some form of gaming legislation. With Senate President David Williams now campaigning for Governor, it will be even more difficult to pass legislation without a Democratic majority in the Senate or the votes of several Republican senators willing to cross their leader. Please take this into account when you head to the voting booth.
This end your political announcement for the day. No animals were harmed in the making of this commercial.
For the first time in memory, Keeneland has cut purses. For this three week meet which concludes on October 30, total purse money has been cut by about $1 million and two stake races have been eliminated. Traditionally, Keeneland has been able to weather downturns in attendance and handle because its sale revenue has served to prop up its racing revenue. However, in the last couple of years, with sale revenue falling annually and with race revenue down, it has been unable to support its purse structure.The picture at Turfway, which Keeneland co-owns with Harrah's, has been even bleaker. Turfway's traditionally smaller purses have been unable to keep pace with racing in neighboring Indiana and West Virginia, both of whose tracks are supplemented by casino revenue. In a scenario never before contemplated, Kentucky owners and trainers are forsaking the state and setting up shop at Indiana Downs and Hoosier Park, relatively new venues which had traditionally been considered no higher than the A League of racing. However, this year, Indian even saw a Triple Crown winner run in the state for the first time as Lookin at Lucky won the Indiana Derby at Hoosier Park.
Keeneland is trying something new this weekend. Tomorrow, for the first time, there will be an Arabian race which will be the first time in memory that Arabian horses will be running in sanctioned competition in Kentucky. Should be interesting as Arabian were the foundation sires of all thoroughbreds.
Kentucky is even losing stallions to other states that have higher breeding incentives fueled in many cases by casino or slots revenue. While a certain number of stallions leave Kentucky every year, and a portion of those leave for overseas, it appears to many Kentucky breeders that more stallions, and more highly regarded ones, are leaving for other states in response to breeding incentive programs that Kentucky is not able to afford to match.
All of this is empirical evidence to demonstrate the need for Kentucky to act quickly if it expects to keep its place as the primary locale for its signature industry. The Kentucky General Assembly in its session beginning in January, 2011 must pass some form of casino gaming or slots authorization legislation, everv if its no better than to place a constitutional amendment before the voters. Since the Republicans in the State Senate refuse to contemplate casino gaming or slots in any form and refuse to allow any amendment to be placed before the voters, I would urge any Kentuckians who read this blog to vote against any Republican state senate candidate in their district who is not firmly committed to approve some form of gaming legislation. With Senate President David Williams now campaigning for Governor, it will be even more difficult to pass legislation without a Democratic majority in the Senate or the votes of several Republican senators willing to cross their leader. Please take this into account when you head to the voting booth.
This end your political announcement for the day. No animals were harmed in the making of this commercial.
