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Posted on Friday, May 25th, 2007
Ohio Senate approved instant horse racing betting systems to be implemented at racetracks in Ohio. This instant betting on past horse racing events is expected to generate massive profits. The bill has to be approved by the Ohio House of Representatives before becoming law.
COLUMBUS - If it looks like an electronic slot machine and works like an electronic slot machine, it must be - horse racing.
The Ohio Senate yesterday voted 25-8 across party lines to allow the state’s seven horse-racing tracks, including Toledo’s Raceway Park, to install computerized “instant racing systems” that allow betting on replays of old races from a 300,000-race database stored in Arkansas. If the bill clears the House and gets past Gov. Ted Strickland, Ohio would become just the second state after Arkansas to operate such devices. With these devices, a bettor can glean information on horses in randomly selected, unnamed races from a screen version of a racing form, punch in his bets, and sit back to watch an entire race or fast-forward to the last 10 seconds to see the finish. “This is much like a simulcast race except it’s not live…,” said Sen. Steve Stivers (R., Columbus), the bill’s sponsor. “This bill allows for horse races at racetracks. That’s already happening.” Opponents, however, characterized the machines as just another form of slot machines and claimed that the bill flies in the face of voters’ sound rejection of a ballot issue in November that could have led to tens of thousands of slot machines at the seven tracks and two stand-alone Cleveland casinos. “If it looks like a slot machine, rings like a slot machine, plays like slot machine, it may just be a slot machine,” said Sen. Keith Faber (R., Celina). Mr. Stivers said the machines are necessary to allow track owners to invest in larger race prizes to compete with other states. “Ohio is now in the bottom five in terms of purses,” he said. “Better purses attract better horses, and better horses attract crowds. “ The vote occurred even as Attorney General Marc Dann was settling a lawsuit over electronic gambling devices in a deal that would lead to a professional evaluation of such machines to see if they are legal games of skill or illegal Las Vegas-style games of chance. He said he would be willing to have a similar evaluation conducted of the instant horse-racing machines if requested by the machines’ vendor or the General Assembly.
“The technology does exist to determine whether or not these machines are able to operate in a way that is honest, and whether they are games of skill or games of chance,” he said. “It’s just a matter of harnessing that type of technology and in a way that has the lowest potential cost to the government.” He also noted, however, that the legislature would be his client if the bill were to become law and be legally challenged.
The bill would allow track owners to keep up to 12 percent commissions on the machines’ take.?? story link
Online betting on horse racing today.
"Ohio allows betting on horse racing replays" was posted on Friday, May 25th, 2007 at 8:23 am and is filed under Horse Racing Industry, Race Tracks News, USA Horse Racing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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