Officials Say New Law Will Boost Live Horse Racing

The North Dakota Racing Commission wants the Legislature to change a law on pari-mutuel betting to attract more business and help the state's horse racing industry.

 

 

 

 

FARGO, N.D. (AP) - The North Dakota Racing Commission wants the Legislature to change a law on pari-mutuel betting to attract more business and help the state's horse racing industry.

North Dakota was considered one of the top off-track betting states in the country in the early 2000s, until a criminal indictment put the industry under a microscope and scared away high rollers.

The result took money away from the state's live horse racing. The track in the state's largest city shut down for two years.

The primary purpose of the amendment is to cap the tax on service providers at $400,000 for the year, with a 5 percent increase for each subsequent year. That is more than $100,000 less than Oregon, which is considered North Dakota's top competitor for account wagering.

(KFGO News file photo)

 

AP

   

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