Bad news in Kentucky. They changed the Kentucky tax laws for 2018 as it pertains to gambling winnings. Kentucky, home of the greatest two minutes in sports, the Kentucky Derby, and the thoroughbred breeding capital of the world, apparently forgot that bettors fuel the industry and prevent racing for blue ribbons.
Horseplayers can no longer offset their gambling winnings by their losses. This is a bad law, preposterous actually, and two steps backward from the recent and long overdue federal revisions.
Lawmakers in Kentucky referred to the new Kentucky tax law which was adopted to support a 5% flat tax rate claimed the effect on horseplayers were “unintended consequences.” It was also said on some social media accounts that legislating was difficult and every word of every bill can’t actually. That is scary.
The CHRB met with Santa Anita officials to discuss the rash of fatal breakdowns on the main track following large amounts of recent rain. The unfortunate fatal training accident of Battle of Midway, a Breeders’ Cup Mile winner seemed to bring the situation under light. The meeting was not public, and what was exactly discussed or recommended to date has not been disclosed. Now that’s transparency for you.
Meydan Race Course put out the schedule for Dubai World Cup night. You can review it below:
