A bill that would create a new, independent regulatory body to oversee Kentucky horse racing, historic horse racing, charitable gaming and sports betting awaits Governor Andy Beshear’s signature. Sponsored by state Senator Majority Floor Leader Damon Thayer, the legislation, which would take effect July 1, would create the new Kentucky Horse Racing and Gaming Commission to replace the Kentucky Horse Racing Commission and Department of Charitable Gaming.
Thayer told Thoroughbred Daily News the 281-page bill aims to provide better oversight and transparency regarding the various forms of gambling in Kentucky.
He said, “Things have changed here a lot over the last several years. With the passage of SB 299, we’re taking a crucial step in safeguarding the integrity and prosperity of our signature horse-racing industry. As a cornerstone of Kentucky’s heritage and economy, it’s imperative that we uphold strong oversight and management of these vital industries. I contend the success of this industry demands it be a stand-alone entity capable of utilizing its funding without having to get authorizations from a bureaucratic agency. I am proud to sponsor this measure to promote this integral part of the commonwealth.”
According to Thayer’s bill, “The Department of Charitable Gaming shall be abolished and all employees of the Department of Charitable Gaming are transferred to the office regulating charitable gaming in the corporation; and all personnel, equipment and funding shall be transferred from the Department of Charitable Gaming to the Kentucky Horse Racing and Gaming Corporation.”
The new commission, as a result, would be responsible for overseeing six areas of horse racing and gaming in Kentucky:
- Parimutuel wagering
- Live horse racing
- Breed development and integrity
- Sports wagering and other gaming with fixed odds
- Licensing and investigation
- Charitable gaming
The corporation would not regulate the state’s horse breeding or sales industry, Thayer noted.
The commission would be made up of 15 directors selected by the governor with the Senate’s approval, including eight representatives from the horse-racing industry, three from gaming, one from law enforcement, two from charitable gaming and one at-large member.
The legislative session is scheduled to end April 15.
