This post was originally published on this site Sept. 15 (UPI) — Kentucky’s two top racetracks, Churchill Downs and Keeneland, Friday announced plans to build two new tracks in southeastern and southwestern Kentucky, fueled with income from slot machine-like “historical racing” casinos.
The Oak Grove track would serve the same market as Kentucky Downs, which Thursday concluded the best racing season in its history.
Kentucky Downs officials said it makes “no sense” to build a new track to compete in its established market.
It has no dirt or artificial surface and also helps fund its purse structure through wagering into “historical racing” machines on its grounds.
Churchill Downs CEO Bill Carstanjen added, “Churchill Downs and Keeneland share a deep commitment to making Kentucky’s horse racing industry the very best version of itself, and the new racing facilities in Corbin and Oak Grove will help us achieve this by generating much needed funds to increase purses and breeders’ incentives.”
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