FRANKFORT, Ky. (AP) — A study paid for by pro-gambling groups is estimating that eight racetrack casinos would have a $1.7 billion economic impact on Kentucky after operating for one full year.
The study released Monday by the Kentucky Chamber of Commerce said the casinos would employ about 11,000 people and generate about $65 million in taxes with about $165 million going to racing-industry programs, according to The Courier- Journal and the Lexington Herald-Leader. The study makes several assumptions, including that a racetrack with a casino is built in the Corbin area.
The study comes as lawmakers meet in Frankfort and expect to debate the issue of expanded gambling.
“Through this comprehensive market analysis, we can see the overwhelmingly positive impact casinos at racetracks will have on Kentucky’s economy and employment picture, in addition to helping preserve and grow Kentucky’s signature horse racing industry,” Brett Hale, senior vice president of corporate and government relations for Churchill Downs Inc., said in a news release.
Vince Gabbert, vice president and chief operating officer of the Keeneland Association, had…
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