Minnesota State Senator & Representative Introduce Racino Legislation

Racino Legislation Introduced in Minnesota

By Blood-Horse Staff
Updated: Monday, March 21, 2011 3:35 PM
Posted: Monday, March 21, 2011 2:45 PM
 
Minnesota state Senator Dave Senjem (R-Rochester) and Representative Bob Gunther (R-Fairmont) introduced legislation that would permit the operation of video lottery terminals at Minnesota’s two state-regulated racetracks. Both said the proposal, if passed, would lead to more jobs and economic growth in the state.

“Based on the results that racinos have shown in other states around the country, there is no question that racinos will be a powerful job creator for the state of Minnesota,” said Senjem in a statement. “The success of similar legislation in states such as Pennsylvania shows that racinos will provide thousands of jobs within a state’s agricultural, hospitality and construction industries.”

The proposed legislation would allow the Minnesota State Lottery to operate video lottery terminals at Canterbury Park in Shakopee and Running Aces Harness Park in Columbus. According to the bill’s authors, the legislation creates the Minnesota Future Fund, which “will provide dollars needed for both new and existing businesses to grow jobs and expand the state’s economy.”

After operating expenses, the remaining revenue from the VLTs would go to the Minnesota Future Fund and to benefit the development of Minnesota’s horse industry, according to a release from Senjem and Gunther.

“The University of Minnesota once estimated that the impact of Minnesota’s horse industry was nearly a billion dollars, but Minnesota’s breeding and equine development investments have slipped since other states have offered a more robust purse structure for horse racing,” Gunther said.

“Racinos will create jobs for grain and hay growers, veterinarians, blacksmiths, breeders, trainers, and many more individuals in rural Minnesota. These are exactly the types of jobs we need to focus on creating throughout the entire state.” Gunther continued.

State Sen. Dan Sparks (DFL-Austin), chief author of similar legislation in 2010, said he supports the new measure.

“Racino legislation is an excellent example of legislation that both sides of the aisle should be able to agree on,” Sparks said in a statement. “Racinos are a proven way to create thousands of jobs statewide and make lasting investments in economic development. That’s why more than 75% of Minnesotans expect us to join together and pass this bill.”

 The bill is expected to be heard in legislative committees prior to the end of March.

End

 
Both said the proposal, if passed, would lead to more jobs and economic growth in the state.

“Based on the results that racinos have shown in other states around the country, there is no question that racinos will be a powerful job creator for the state of Minnesota,” said Senjem in a statement.

“The success of similar legislation in states such as Pennsylvania shows that racinos will provide thousands of jobs within a state’s agricultural, hospitality and construction industries.”

We all know it in the Racing Industry here in Michigan as well.

These are facts and figures you just can’t argue with. And who would want to?

https://longshotsblues.wordpress.com/2011/01/20/gov-rick-snyder-inauguration-speech-and-not-leave-some-behind-does-this-include-the-michigan-horse-racing-industry/

https://longshotsblues.wordpress.com/2010/07/19/indiana-downs-sets-handle-record-anybody-listening-michigan/

https://longshotsblues.wordpress.com/2010/12/03/illinois-racetracks-next-on-the-block-for-slots/

https://longshotsblues.wordpress.com/2011/01/03/racetracks-vs-racinoss-it-not-hard-to-see-which-ones-are-thriving-and-which-are-dying-charles-town-louisiana-up-in-handle-purse-increases/

https://longshotsblues.wordpress.com/2011/02/06/purses-increase-again-at-the-fair-grounds/

The Revenue that could really be brought into Michigan. It sure beats robbing senior citizens pensions and the attempt to bust our unions. Slots and Full blown gaming into our Horse Racing Tracks ( already gambling establishments ) not only saves an Industry that has existed in Michigan legally since 1933 that already employs 12,000-15,000 jobs. But it Brings more Revenue into the State by the Multi-Millions.

Just ask Indiana where they were prior to and after implementing gaming at their race tracks.

After all Michigan did dissolve our Office of Racing Commissioner in 2009 and take us from Agriculture where we have been from the start and place Horse Racing under Gaming.

So why shouldn’t we then be allowed that Gaming? A fair playing field that would gain so much more for all of us in Michigan.

These Stats just don’t lie.

American Gaming Association

States with Racinos

Delaware  Racetrack Casinos

Current # of Operating Racinos 3
Public/Private Arrangement Publicly run video lottery terminals with distributions to operators
Racino Employees 2,3631
Gross Racino Gaming Revenue $564.24 million
Distributions to State/Local Government $227.55 million
Percentage of Revenue Retained by Operator 43.1%
How Taxes Spent General fund
Legalization Date 1994
First Racino Opening Date 1995
Mode of Legalization Legislative action

Source:Delaware Lottery, individual properties

1Employment data from 2008 was used for one property in Delaware that declined to participate in the data collection.

 

Florida  Racetrack Casinos

Current Number of Operating Racinos 4
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employeese 2,156
Gross Racino Gaming Revenue $216.74 million
Distributions to State/Local Government $108.37 million
Revenue Retained by Operator 50%1
How Taxes Spent Statewide education
Legalization Date 2006
First Racino Opening Date 2006
Mode of Legalization Statewide referendum, local option vote, legislative action

Source:Florida Department of Business and Professional Regulation, individual properties

1This figure only represents what operators retain after state taxes are collected.  It does not take into account what operators allocate to horse and dog breeders’ funds, local authorities and public gambling awareness.  Thus, the percentage of revenue retained by operators is actually significantly lower than this 50 percent figure.

 

Indiana  Racetrack Casinos

Current # of Operating Racinos 2
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employees 1,847
Gross Racino Gaming Revenue $420.10 million
Distributions to State/Local Governments $115.27 million
Revenue Retained by Operator 54.7%
How Taxes Spent Property tax fund, horse racing industry, local government and French Lick Resort
Legalization Date 2007
First Racino Opening Date 2008
Mode of Legalization Legislative action

Sources: Casino Association of Indiana, Indiana Gaming Commission

 

Iowa  Racetrack Casinos

Current # of Operating Racinos 3
Public/Private Arrangement Privately operated facilities with slot machines and table games
Racino Employees 2,586
Gross Racino Gaming Revenue $435.62 million
Distributions to State/Local Government $101.13 million
Percentage of Revenue Retained by Operator 76.8%
How Taxes Spent Infrastructure improvements, local government, general fund, schools and universities, the environment, tourism projects, cultural initiatives
Legalization Date 1994
First Racino Opening Date 1995
Mode of Legalization Local option vote, legislative action

Source: Iowa Racing and Gaming Commission

 

Louisiana  Racetrack Casinos

Current # of Operating Racinos 4
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employees 2,260
Gross Racino Gaming Revenue $402.65 million
Distributions to State/Local Government $74.29 million
Percentage of Revenue Retained by Operator 74.29%
How Taxes Spent General fund, local parishes
Legalization Date 1994
First Racino Opening Date 1994
Mode of Legalization Local option vote, legislative action

Source: Louisiana Gaming Control Board, individual properties

 

Maine  Racetrack Casinos

Current # of Operating Racinos 1
Public/Private Arrangement Privately operated facility with slot machines
Racino Employees 303
Gross Racino Gaming Revenue $59.20 million
Distributions to State/Local Govt $29.08 million
Revenue Retained by Operator 50.9%
How Taxes Spent Education, health care, agriculture, gambling control board administration and city of Bangor
Legalization Date 2004
First Racino Opening Date 2005
Mode of Legalization Local option vote, legislative action

Source: Maine Gambling Control Board, Penn National Gaming, Inc.

 

New Mexico  Racetrack Casinos

Current # of Operating Racinos 5
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employees 1,446
Gross Racino Gaming Revenue $243.94 million
Distributions to State/Local Government $63.42 million
Percentage of Revenue Retained by Operator 54%
How Taxes Spent General fund, problem gambling treatment
Legalization Date 1997
First Racino Opening Date 1999
Mode of Legalization Legislative action

Source: New Mexico Gaming Control Board, individual properties

 

New York Racetrack Casinos

Current # of Operating Racinos 8
Public/Private Arrangement Publicly run video lottery terminals with distributions to operators
Racino Employees 3,180
Gross Racino Gaming Revenue $1.019 billion
Distributions to State/Local Government $455.48 million
Percentage of Revenue Retained by Operator 35.0%
How Taxes Spent Education
Legalization Date 2001
First Racino Opening Date 2004
Mode of Legalization Legislative action

Source: New York Racing and Wagering Board, New York Lottery

 

Oklahoma  Racetrack Casinos

Current # of Operating Racinos 2
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employees 1,0972
Gross Racino Gaming Revenue $94.13 million
Distributions to State/Local Governments $13.78 million
Revenue Retained by Operator 58.2%
How Taxes Spent Education
Legalization Date 2004
First Racino Opening Date 2005
Mode of Legalization Statewide question on ballot

Source:Oklahoma Horse Racing Commission, State of Oklahoma – Office of the State Auditor and Inspector

1Employment numbers for Oklahoma racinos are based on the three properties that were open during 11 months of 2009. At the end of 2009, only two properties remained open.

 

Pennsylvania  Racetrack Casinos

Current # of Operating Racinos 6
Public/Private Arrangement Privately operated facilities with slot machines
Racino Employees 5,799
Gross Racino Gaming Revenue $1.579 billion
Distributions to State/Local Governments $742.69 million
Revenue Retained by Operator 45%
How Taxes Spent Property tax relief, economic development, tourism, horse racing industry, host local government
Legalization Date 2004
First Racino Opening Date 2006
Mode of Legalization Legislative action

Source: Pennsylvania Gaming Control Board, individual properties

 

Rhode Island  Racetrack Casinos

Current # of Operating Racinos 2
Public/Private Arrangement Publicly run video lottery terminals with distributions to operators
Racino Employees 1,3001
Gross Racino Gaming Revenue $461.17 million
Distributions to State/Local Government $292.09 million (FY 2009)
Percentage of Revenue Retained by Operator 27.3%2
How Taxes Spent General fund
Legalization Date 1992
First Racino Opening Date 1992
Mode of Legalization Legislative action

Source:Rhode Island Lottery, individual properties

12008 employment data was used for one property in Rhode Island that declined to participate in data collection this year.

2 FY 2009 data was used to calculate revenue retained by operator.

 

West Virginia  Racetrack Casinos

Current # of Operating Racinos 4
Public/Private Arrangement Publicly run video lottery terminals with distributions to operators; table games in three locations
Racino Employees 4,688
Gross Racino Gaming Revenue $905.59 million
Distributions to State/Local Governments $408.37 million
Revenue Retained by Operator 43.3%
How Taxes Spent Education, senior citizens, tourism
Legalization Date 1994
First Racino Opening Date 1994
Mode of Legalization Local option vote, legislative action

Source: West Virginia Lottery, individual properties

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