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Helping Kentucky Remain Competitive

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Today, 35 states in the continental U.S. permit commercial, Indian and/or racetrack casinos (indicated in red).

Source: American Gaming Association website

Why We Are Here Today

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Of the 12 racing states nearest to Kentucky, 11 are growing their horse industries through gaming revenue (Arkansas, Illinois, Indiana, West Virginia, Louisiana, Florida, Maryland, Delaware, Pennsylvania, New Jersey and New York). These states are incenting Kentucky owners, trainers and farmers to relocate their racing and breeding stock. In total, racing states within Kentucky’s region that permit alternative gaming (indicated in red) will offer more than $1.2 billion in purses and breeder awards in 2010.

Sources: Thoroughbred Racing Associations, Comparative Study, November 2008; Economic Impact of Slot Machines on Pennsylvania’s Pari-mutuel Industry 2006-2007; 2007 Minnesota Racing Commission Annual Report; New York State Racing & Wagering Board 2007 Annual Report

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2008 Win at Indiana Casinos on Kentucky’s Border

Source: Indiana Gaming Commission, 2008 Annual Report.

Kentucky Faces an Unprecedented Threat

Requiem for Ellis Park?For the first time, Ellis Park will overlap race dates with Indiana tracks for the majority of its 2009 meet. This chart clearly illustrates why Ellis Park was forced to cut its 2009 race dates and why this may be its last race meet.Track 200

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2010

2011 2012

2013

Ellis Park $5.3

$3.4 ? ? ? ?

Hoosier Park

$11.0

$15.0

$18.0

$21.0 $24.0

$28.0

Indiana Downs

$8.0

$11.0

$15.0

$18.0 $22.0

$25.0

Mountaineer

$32.0

$31.0

$30.0

$29.0 $27.0

$25.0

Presque Isle

$30.0

$31.0

$32.0

$33.0 $34.0

$35.0

Projected purses in millions

6Source: Thoroughbred Racing Associations, Comparative Study, November 2008

Kentucky Faces an Unprecedented Threat

Turfway may be next.

Track 2008

2009 2010 2011 2012 2013

Turfway Park $14.7

$13.4 $12.2

? ? ?

Philadelphia Park

$68.0

$72.0 $75.0 $76.6 $82.0 $85.0

Hoosier Park $11.0

$15.0 $18.0 $21.0 $24.0 $28.0

Mountaineer $32.0

$31.0 $30.0 $29.0 $27.0 $25.0

Presque Isle $30.0

$31.0 $32.0 $33.0 $34.0 $35.0

Projected purses in millions

7Source: Thoroughbred Racing Associations, Comparative Study, November 2008

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Helping Kentucky Remain Competitive