Virginia industry seeks historical betting legalization
RICHMOND, Va. (AP) — Virginia horse racing officials want to legalize gaming machines that allow people to bet on past races as part of a deal to sell a popular racetrack.
The Richmond-Times Dispatch reports historical race terminals have been accepted in other states as revenue-generators for the horse racing field, but critics say the terminals are slot machines in disguise.
Sale negotiations of the shuttered Colonial Downs racetrack to potential buyer Revolutionary Racing seemingly hang on the legalization of the machines.
Gov. Terry McAuliffe’s final budget proposal includes language that would approve the machines by redefining “simulcast horse racing” to mean “live or pre-recorded horse races.”
However, the language does not specify where the terminals will be allowed, and the Virginia House of Delegates routinely blocks legislation that could expand gambling.