From Kentucky Public Radio’s Tony McVeigh
As promised, Kentucky House Speaker Greg Stumbo has filed legislation calling for video lottery terminals at the state’s horse tracks. The Kentucky Lottery would license and oversee the gambling devices.
Stumbo says VLT proceeds would be used to support primary education throughout the commonwealth and reduce taxes.
“I think it’s time we gave middle income Kentuckians and all Kentuckians in these hard times a bit of a tax break, with the automobile tax and the property tax. I think it’s past time that we helped our counties,” says Stumbo.
Stumbo predicts the games could generate as much as 700-million dollars a year for the state. He does not believe a constitutional amendment on expanded gambling is necessary because gambling is already permitted at the horse tracks.
Senate President David Williams opposes the bill.