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- From: Terry Bjork via Derby
- Date: Wed, 23 Mar 2022 10:33:14 -0700 (PDT)
- Subject:
[Derby] KY bill to lower tax and elim breakage
Bloodhorse is reporting on an advancing KY bill that would lower the tax on most parimutuel wagers taken in state (except ADW which would see an increase), and eliminate breakage.
The great Karnak predicts you the bettor would see $0 of the tax breaks, but all those extra breakage pennies could add up.
"Price sensitive" bettors are whining on social media that the increase on ADW wagers could theoretically lower rebates. Although nobody knows anything about who is rebated and how much in Kentucky.
The bill passed out of the House, 66-29. https://www.bloodhorse.com/horse-racing/articles/257549/pari-mutuel-reform-clears-kentucky-house . -- This email has been checked for viruses by AVG. https://www.avg.com _______________________________________________ Derby mailing list Posting: Derby at lists.derbylist.com Sub/Unsub: http://lists.derbylist.com/listinfo.cgi/derby-derbylist.com