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From YouTube: Pari-Mutuel Wagering Taxation Task Force
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B
B
All
right,
thank
you
all
for
your
attendance.
It's
a
little
past
three
we're
gonna
get
started
with
this
third
meeting
of
the
pair
mutual
task
force.
If
you
will,
please
call
the
roll
senator
rocky
adams.
B
B
F
D
B
B
B
Call
this
meeting
to
order
and
get
started
and
coach
share.
Thayer.
Do
you
have
any
words
of
wisdom
before
we
begin
not
yet,
but
it's
still
early
all
right,
very
good.
Thank
you.
Everyone
has
minutes
that
were
sent
to
them.
I
apologize
for
the
lateness
of
that.
So
that's
on
me,
but
it's
in
your
packet
and
I
won't
entertain
a
motion
to
accept
those
minutes
as
presented.
B
B
This
was
an
issue
that
came
up
during
the
discussion
on
the
floor
and
in
about
the
24
hours
before
that
of
are
these
machines
and
their
operators
paying
enough,
as
it
were,
for
the
pleasure
of
having
the
ability
to
utilize
them,
and
I
know
there
was
a
lot
of
concerns
on
the
side
of
my
friends
who
are
democrats
and
some
from
my
friends
who
are
republicans.
B
So
a
lot
of
that
concern
was
brought
forth
by
jason,
bailey
and
the
kentucky
center
for
economic
policy,
and
so
we're
going
to
hear
from
them
and
then
we're
going
to
hear
from
the
tracks,
and
hopefully
we
get
to
a
point
where
we
have
a
better
understanding
of
views
of
what
the
effective
rate
is
and
that'll
help
us
make
better
policy
going
forward.
So
first
up
is
mr
bailey
and
jason.
The
floor
is
yours.
Please
introduce
introduce
yourself
for
the
record.
F
Great
thank
you,
chair
koenig,
and
thank
you,
chair,
thayer
and
members
of
the
committee
glad
to
be
with
you
today.
My
name
is
jason
bailey,
I'm
the
executive
director
of
the
kentucky
center
for
economic
policy
glad
to
be
here
to
talk
about
the
effective
tax
rate
on
historical
horse
racing
just
to
first
review
very
quickly.
Just
a
couple
of
slides
that
are,
I
know,
you've
already
reviewed,
but
just
to
to
kind
of
go
over
the
basics.
F
Of
course,
kentucky
has
a
handle
tax
of
1.5
percent
of
the
handle
in
the
most
recent
year.
The
end
of
june
91
of
the
handle,
or
the
amount
that
was
bet
was
returned
to
the
public
according
to
the
horse
racing
commission's
report,
and
so
it's
that
full
amount
that
the
handle
tax
applies
to,
and
that
leaves
about
a
7.2
percent
net
commission
back
to
the
the
owner
of
the
facility,
the
structure
of
the
tax.
I
won't
go
through
this.
F
I
know
you
have
already,
but
there's
a
statutory
rules
about
the
different
funds
that
go
to
for
development,
for
per
supplements
and
for
other
industry
funds
and
then,
with
the
remainder
going
to
the
general
fund.
The
the
bottom
line
of
that,
when
you
look
at
it
again,
is
a
share
of
handle,
which
is
how
we
tax
the
majority
of
it,
goes
to
those
industry
funds,
0.83
percent,
a
little
more
than
half
of
the
1.5
tax,
and
then
the
remainder
does
go
to
kentucky's
general
fund.
F
F
The
second
factor
is
the
growth
of
hhr,
which
does
affect
the
ability
to
pay
taxes
due
to
the
just
economies
of
scale,
the
greater
the
level
of
wagering
that
happens,
and
arguably
the
ability
to
pay
taxes
goes
up
and
then
thirdly,
is
sort
of
the
comparability
of
hhr
machines
to
other
electronic
gaming
machines
and
other
states
that
are
typically
text
using
a
different
method
so
to
just
go
through
those
points
quickly
on
the
first
or
on
the
the
really.
F
The
second
point
and
folks
know
that
the
amount
that
the
handle
on
hhr
has
grown
dramatically
from
373
million
dollars
in
2015
to
4.6
billion
in
the
year.
That
just
ended
really
strong
growth
with
the
facility
in
oak
grove
opening
in
september-
and
you
know,
I
think,
part
of
understanding
about
the
rate
and
what
the
rate
maybe
should
be
is
to
think
about
the
scale
of
the
activity.
F
This
was
a
fledgling
enterprise
in
2015,
and
now
it
is
really
a
mature
industry
that
is
really
taking
off,
and
all
indications
are
that
that
growth
will
continue
in
the
future.
There
were
3824
machines
operating
on
average
and
last
fiscal
year.
That's
up
to
5000
at
as
of
last
month
and
there
are
have
been
applications
that
have
been
approved
by
the
horse
racing
commission
in
recent
years.
That
would
bring
us
to
approximately
10
000
machines.
F
Now
I
know
some
of
those
projects
are
in
flux,
but
this
is
just
an
estimate
that
includes
turfway
park,
more
machines
at
derby
city
machines
at
churchill,
downs,
more
machines
in
oak
grove.
It
does
not
include
proposed
facilities
in
bowling
green,
which
I
know
they're
proposing
a
new
site
for
that
or
for
corbin
williamsburg,
so
that
never
could
be
even
higher
and,
of
course,
with
the
passage
of
senate
bill
120.
F
So
you
know
another
factor
I
think
is
just
looking
at
the
comparability
of
hhr
machines
to
other
slot
machines
or
electronic
gaming
machines.
They
may
look
different
on
the
back
end,
but
at
the
end
of
the
day,
the
payout
percentage
or
the
share
of
the
coin
in
that's
returned
to
the
public
is
very,
very
similar
in
hhr
machines,
that
is
in
slot
machines
and
other
in
racinos
and
casinos
and
other
states.
F
So
this
table
is
just
a
sample
of
some
nearby
states
where
the
data
was
easily
available,
looking
exclusively
at
their
slot
machine
or
electronic
gaming
machine
revenue.
So
it
doesn't
include
the
table
games
and
things
like
that,
but
that's
a
very,
very
small
percentage
of
the
revenue
that's
brought
in
by
the
typical
racino
or
casino.
F
Most
of
the
action
is
that
on
these
slot
machines
you
can
see
that
90
to
91
percent
of
what's
put
in
goes
back
to
the
player
in
in
winnings,
and
that
is
higher
in
in
hhr
and
in
those
machines
in
kentucky
in
live
horse
racing.
The
number
is
about
80
on
average,
so
so
hhr
machines
have
the
payout
rate
of
of
slot
machines
much
much
more
like
the
structure
of
slot
machines,
as
opposed
to
live
racing-
and
you
know
most
all
these
states
are
thought
of.
F
As
casino
states,
yet
the
volume
of
betting
on
in
kentucky
now
on
hhr
machines
is
is
not
much
lower
than
theirs.
F
So
that
brings
me
to
the
kind
of
the
difference
between
the
way
hhr
is
taxed
and
electronic
gaming
machines
are
typically
taxed
in
most
states.
Of
course,
again
we
have
a
tax
on
handling
the
total
amount
bet,
but
the
more
typical
approach
is
to
tax
the
the
net
wagering
so
that
the
amount
that's
fed
subtracted
that
what's
returned
to
the
public,
and
it's
that
it's
that
net,
that
is
taxed
and
it's
typically
taxed
at
a
higher
rate.
F
There
are
also
graduated
rates
from
15
to
25
percent,
for
example
up
to
35
to
50
percent
at
the
upper
end.
These
are
fairly
representative
of
the
country.
They
just
can
certainly
find
states
that
are
lower.
You
can
also
find
states
that
are
higher,
including
states
with
significant
horse
racing
and
horse
breeding
industries
that
have
significant
taxes
on
these.
F
This
also
doesn't
mention
what
are
often
half
it
depends
on
the
state,
but
often
very
hefty
license
fees
for
operating
a
casino
or
racino,
for
example.
Virginia
is
now
moving
forward
with
five
casinos
and
the
license
fee
is
15
million
dollars
per
casino.
So
that's
not
even
included
in
these
numbers.
F
If
we
were
to
try
to
translate
kentucky's
tax
on
handle
to
attacks
on
net
wagering,
to
compare
to
those
other
states
and
do
more
of
an
apples
to
apples
comparison.
That
is
a
actually
an
easy
thing
to
do,
because
the
kentucky
horse
racing
commission
does
it
every
single
month-
and
this
is
just
a
picture
of
their
report
from
june
that
does
this.
They
look
at
what
they
call
gross
commission,
which
is
very
close
to
a
net
wagering.
F
F
For
the
most
part,
this
the
gross
commission
is
very,
very
similar
to
net
wagering,
and
you
can
see
on
here
that
the
total
tax
is
17.3
percent
of
the
of
the
gross
commission
that
the
the
operators
earn
and
so
just
to
take
that
17.3
again
all
those
numbers
all
these
numbers
come
directly
from
the
kentucky
horse
racing
commission's
report
every
month,
if
you
again
break
it
down
by
what
goes
to
the
industry
funds
versus
the
general
fund,
you
can
see
nine
point.
F
Six
percent
of
gross
commission
goes
to
these
various
industry
funds
and
only
seven
point.
Seven
percent
goes
to
kentucky's
general
fund.
There
is
also
has
been
some
talk.
There
was
some
talk
in
session
about
the
after-tax
contracts
between
the
associations
and
horsemen's
groups
as
as
being
a
tax,
but
the
the
regulation
on
that
which
is
a110,
kr
6010
says
only
that
there
has
to
be
an
agreement,
there's
absolutely
no
minimum
level
or
minimum
duration
of
such
agreement.
F
So
there's
no
tax
being
taken
out
and
again
raising
commissions
reporting,
no
tax,
the
state's
collecting,
no
tax
and
there's
no
requirement
of
any
sort
of
minimum
around
that,
and
we
have
a
reality
that
you
know
that
money
which
would
be
for
purses
the
standard
brand
development
funds.
F
Urban
development
fund
are
growing
rapidly
with
the
growth
of
hhr,
so
we
have
more
and
more
money
through
the
tax
for
purses
and
no
guarantee
that,
what's
being
contributed
now
to
those
contracts,
would
necessarily
continue
and
again
the
the
part
that
I
think
many
of
us
are
concerned
about
is
the
eight
percent
of
basically
7.7
tax,
the
general
fund,
which,
if
you
compare
that
to
other
states
and
what's
going
towards
general
purposes
or
for
education,
infrastructure
or
local
government
and
other
needs,
is
really
quite
low.
F
My
last
slide
just
shows
that
same
information
over
time.
You
can
see
it
bounces
around
a
little
bit
having
to
do
with
the
payout
percentages
and
other
mechanisms
of
the
of
the
law,
but
essentially
we're
talking
about
a
17
to
19
percent
total
tax,
including
the
industry
funds
and
then
about
8
currently
to
the
general
fund.
F
So
I'll
stop
there
just
to
say
that
you
know,
I
think
it's
better
to
look
at
gross
commission,
as
reported
by
the
racing
commission,
to
understand
the
tax
and
the
effective
rate,
and
I
think
it's
also
important
to
think
about
the
scale
at
which
hhr
has
achieved
in
kentucky
and
where
it's
likely
to
go
in
the
next
few
years,
given
what's
been
approved
by
the
racing
commission
to
think
about
what
is
a
fair
tax
rate
that
just
that
continues
to
support
the
signature
industry,
but
also
ensures
that
our
general
fund
gets
its
fair
share.
B
F
Well,
I
don't
have
a
magic
number,
but
I
will
say
that
there
were
four
bills
amendments
introduced
during
the
legislative
session,
two
by
republicans,
two
by
democrats,
and
they
all,
I
think,
we're
in
a
pretty
narrow
range
that
present
a
good
place.
To
start
the
conversation,
I
think
it's
a
conversation
and
obviously
it's
the
conversation
that
you
all
would
be
having,
but
I
think
those
provide
a
good
place
to
start.
B
Okay,
and
in
that
last
slide,
you
give
us
what
you
believe,
the
effective
tax
rate
has
been
for
the
last
several
years,
correct.
B
E
Thank
you,
mr
chairman.
Jason.
It's
good
to
see
you
here.
We've
debated
tax
policy
more
than
a
few
times
on
public
television.
So
it's
good
to
see
you
in
committee.
I
want
you
to
comment
on
a
couple
of
things
for
me
today
when
we
hear
some
industry
testimony
in
a
minute-
and
we've
heard
this
previously
as
it
relates
to
ascertaining
the
total
effective
tax
rate,
we'll
hear
talk
about
free
play
and
also
about
the
application
of
purses.
E
E
F
Again,
what
what
I
was
sharing
is
the
bottom
line.
I
guess
you
could
say
of
what
is
reported
to
the
horse
racing
commission
in
terms
of
handle,
so
that's
how
much
how
many
dollars
come
out
of
the
bettors
pockets
and
go
into
the
machines
and
then
what's
returned
to
the
public
and
though
that
then
creates
the
the
gross
commission.
All
the
mechanism.
F
Machinations
to
get
to
that
point,
including
free
play,
would
be
shown
in
the
return
to
public.
If
a
person
got
a
free
play
and
then
they
won
they
would
then
you
would
receive
more
of
a
more
winnings,
more
return
to
public.
So
so
that's
all
what
I
was
doing
was
skipping
to
the
bottom
line.
F
F
That
requires
an
agreement
between
the
detracts
and
the
horsemen's
associations
around
a
percentage
that
goes
to
persons,
but
there's
no
minimum
requirement
whatsoever
in
that
regulation
about
the
contribution,
no
minimum
duration
of
the
contracts
that
exist
so
the
state
it's
hard
to
say
that
that's
a
tax
when
the
state
is
not
levying
any
percentage,
not
requiring
any
sort
of
amount.
F
I
don't
doubt
that
there
is
such
a
contract,
but
whether
it
will
continue
in
the
future
is
not
something
the
general
assembly
at
the
level.
It
is
now
something
general
assembly
can
currently
enforce,
and
so
it
would
just
be
in
a
different
category.
Essentially
92
of
the
income
of
the
commission
is
going
to
the
industry
in
various
forms
through
these
state
funds
or
other
purposes.
Eight
percent
is
coming
back
to
the
general
fund
and
that's
the
piece
that
I
think
and
others
some
others
believe
should
be
and
could
be
hired.
E
So
just
one
quick
follow-up:
there
jason,
you
know
and
it's
funny
because
as
I
I
actually
was
describing
what
this
committee
does
today
to
two
different
people
and
you
know
kind
of
talking
about
the
sides
and
the
this
is
and
the
vats
and
they
did
it
and
both
said
and
neither
involved
in
politics.
They
said
well,
what's
the
right
answer
and
you
know
hence
the
reason
we
are
here
today
and
we're
somewhere
between
do
something
and
what
is
something
and
do
nothing.
E
You
know
with
the
status
quo,
and
and
so
it
would
certainly
if
you
guys,
have
an
idea
of
a
what.
What
do
you
really
think
should
be
done
and
b?
Why
do
you
think
it
should
be
done?
You
know
if
we're
ultimately
looking
at
an
industry
pain
on
this
particular
product
north
of
what
we
view
as
the
current
income
tax
rate
for
corporations.
E
Why
should
a
particular
activity
be
taxed
differently?
Would
just
be
interested
in
knowing
that.
So
just
you
know,
if
you
sit
down
with
your
folks
and
get
the
opportunity
to
take
a
look,
and
then
you
know
what
should
it
be,
and
why
should
it
be?
It
would
probably
be
helpful.
Thank
you,
mr
chairman,.
A
A
I
want
to
I've
got
a
line
of
questioning
for
mr
bailey,
but
before
I
do
that,
I
need
to
set
the
record
straight
on
something
when
you,
when
you
say
that
the
amount
that
racetracks
contribute
to
the
horseman's
purse
account
is
not
a
tax
and
sounds
like
you
think.
It's
sort
of
this
nebulous
number.
This
is
the
business
model
for
every
racing,
state
and
province
in
north
america,
and
it's
governed
not
by
state
law
but
by
federal
law.
A
The
interstate
horse
racing
act
of
1978,
which
was
sponsored
by
the
late
senator
ted
kennedy,
requires
that,
in
order
for
horsemen
to
approve
the
sale
of
the
simulcast
signal
through
interstate
wagering,
they
have
to
have
a
contract
with
the
horsemen.
A
So
the
racetracks
have
a
financial
incentive
to
have
an
agreement
with
the
horsemen,
it's
required
by
federal
law.
Again,
it's
the
interstate
horse
racing
act
of
1978.
Look
it
up!
It's
not
that
hard,
but
the
horsemen
basically
have
a
veto
and
they
can.
They
can
shut
down
a
race
meeting.
I've
I've
worked
at
a
racetrack
where
the
horsemen
shut
down
a
race
meeting
because
of
a
lack
of
agreement
and
contract
between
the
horsemen,
the
horsemen's
groups
and
the
racetracks.
So
you
know
that's
how
the
free
market
works.
You
know.
There's
an
incentive
here.
A
Government
provides
some
guidelines
at
the
federal
level.
So
you
know
if
you're,
if
you're
hoping
to
open
up
a
new
line
here
of
taxation,
you
might
as
well
just
stop
right
there,
because
it's
governed
by
federal
law
and
we're
not
going
to
get
into
the
contracts
contractual
agreements
between
racetracks
and
horsemen
associations
in
this
general
assembly
interstate
horse
racing
act
of
1978.
A
F
Senator
thayer,
you
know
my
biography
is
on
our
website.
I
have
a
master's
degree
in
public
finance
and
I've
been
looking
at
these
issues.
Studying
these
issues
in
kentucky
for
over
20.
A
Very
well,
have
you
ever
worked
at
a
racetrack
repair,
mutual
operation
and
understand
its
business
model
and
how
it
works,
and
in
terms
of
the
various
stakeholders
that
it
serves,
as
well
as
the
profit
motive
of
its
owners.
A
Okay,
very
well,
I
am
glad
that
you
do
admit
that
the
effective
tax
rate
is
much
higher
than
the
1.5
percent
of
gross
I've
been
saying
this
for
years.
It's
not
that
hard
to
understand
that
one
point:
five
percent
of
a
hundred
cent
dollar
is
not
the
way
it
works
when
in
a
traditional
live
bet.
Eighty
percent
of
the
handle
goes
back
to
the
better
in
a
historical
horse
racing
that
90
percent
or
92
percent
goes
back
to
the
the
better
in
the
in
the
form
of
winnings.
A
So
you've
got
it
here
at
17.3
percent,
I'll,
be
interested
to
see
what
those
who
actually
operate
these
businesses
every
day
say
it
is,
but
whether
whether
that
rate
is
agreed
to
or
not
at
least,
we
have
finally
on
the
record
what
I've
been
saying
for
years
and
that
is
to
say
for
all
the
the
folks
on
the
far
left
and
the
right
who
were
screaming
about
this
one
and
a
half
percent
percent
tax
rate
that
was
set
by
this
general
assembly
in
the
2014
revenue
bill
is
not
some
low
ball
amount
of
money
that
the
horse
racing
industry
is
getting
away
with
and
is
very
similar
to
the
way
it's
taxed
in
every
other
state
and,
as
mr
bailey
has
has
noted
here,
pretty
similar
to
how
more
profitable
operations
casino
and
slot
operations
in
other
states
are
are
taxed.
A
So
I
appreciate
the
fact
that
we've
got
you
on
the
record.
Have
one
final
question
as
a
follow-up,
mr
chairman,
if
I
may
yes,
I
understand
that
you
operate
a
non-profit.
Have
you
ever
run
a
for-profit
business
and
had
to
make
payroll.
F
B
Anybody
else
have
any
comments
before
I
ask
a
couple
questions
all
right,
mr
bailey,
on
slide
number
four:
the
kentucky
effective,
hhr
taxes,
the
share
of
handle,
has
the
kentucky
general
fund
getting
0.67
and
industry
funds,
.83,
which
you
then
point
out
and
break
them
out
on
the
side,
which
is
fine,
except
that
several
of
those
are
capped.
F
F
B
Okay
and
along
that
same
line
on
page
eight,
you
used
fiscal
year,
2021
data.
I
understand
it's
the
most
recent
data
and
I
understand
that
you
know
it's
helpful
with
regards
to
the
fact
that
virginia
just
got
their
hhr
machines
going
and
obviously
kentucky's
is
expanding,
but
it
was
also
a
strange
year
given
the
pandemic.
B
So
I
I'm
not
saying
that
it's
the
right
year
or
the
wrong
year
to
choose.
I'm
just
asking
was
it
just
because
it
was
the
most
recent
or
was
there
another
reason
for
choosing
that
year?.
F
It
was
the
most
recent,
but
also
if
you
look
at
by
july,
of
2020
of
2020
the
first
month
of
that
fiscal
year,
the
you
had.
You
saw
growth
from
the
previous
july,
so
for
a
few
months
there
and
at
the
end
of
fiscal
year
2020
the
numbers
were
way
down,
but
by
july,
even
though
there
were
social
distancing
going
on
in
the
in
these
facilities,
you
saw
the
volume
start
to
go
back
up
pretty
dramatically.
F
So
I
do
think
that
the
year
that
just
started
you
know
july
1st,
we're
going
to
see
the
numbers
go
up
again
in
part
because
those
few
months
where
it
was
still
a
little
bit
a
little
bit
depressed.
F
B
B
Mike
welcome
to
the
task
force
and
when
you're
ready,
please
introduce
yourself
for
the
record.
B
B
C
So
again,
I
want
to
get
two
main
goals
with
the
committee
today
to
get
the
point
across
exactly
how
hhr
machines
are
taxed
in
kentucky
today
and
fund
purses
and
secondarily
is
to
from
an
apples
to
apples
comparison,
compare
kentucky,
hhr
taxes
to
our
competitive
gaming
operations
in
surrounding
states.
C
So,
as
mr
bailey
just
described
earlier,
some
of
these
details
on
the
excise
tax
under
krs
138.510,
a
statutory
excess
tax
of
1.5
percent
of
all
paramutual
wagering
handle
or
all
money
wagered
on
historical
races
is
applied.
C
This
excise
tax
is
applied
depending
upon
breed,
as
you
can
see
here,
thoroughbreds
getting
a
certain
percentage
and
standard
bread's,
getting
a
certain
percentage
and
also,
as
previously
discussed
in
the
prior
presentation.
There
are
numerous
research
programs
funds
that
are
taxed
at
0.1
to
0.2
percent,
but
capped
at
certain
dollar
amounts,
which
you
can
see.
Those
particular
dollar
amounts
on
here
and
then
the
remainder
of
the
excise
tax
is
allocated
directly
to
the
general
fund,
and
I
will
point
out
that
these
breed
development
funds
are
essential
to
our
industry.
C
These
breed
development
funds
promote
economic
activity
within
the
commonwealth.
They
keep
owners
of
horses
in
the
state,
kentucky
sires
kentucky
mayors,
kentucky
foals
that
are
eligible
for
these
funds.
So
these
development
funds
for
both
standard
bread
and
thoroughbred
breeds
are
essential
to
the
growth
of
our
one
of
our
signature
industries.
The
horse
industry.
C
So
this
is
very
important
and,
as
senator
thayer
was
it
was
talking
earlier.
This
is
the
the
bloodline
of
what
the
horse
industry
is
not
only
in
kentucky
but
across
north
america
that
these
contractually
obligated
these
regulatory
obligated
contracts
with
horsemen
are
required
in
order
to
operate
hhr
machines
as
well
as
live
racing
and
simulcast
racing
to
senator
ferris
point.
C
In
most
other
competing
states,
as
was
highlighted
previously
but
not
pointed
out,
purse
money
is
statutorily
set
in
some
of
these
other
states
that
we
compete
against
so,
for
example,
in
indiana,
their
tax
rate
includes
a
purse
component
in
there.
So,
in
order
to
look
at
an
apple
apples
comparison,
it
is
very
important
that
we
compare
the
excise
tax
plus
the
purse
money
which
is
comparable
to
what
the
other
states
are
applying
in
their
states.
C
With
associate
with
racetrack
associations
in
kentucky
are
tied
to
15
percent
of
net
revenue,
so
this
net
revenue
is
calculated
as
the
takeout
minus
free
play
and
excise
taxes.
So
15
of
the
take
out
the
net
takeout
is
applied
for
this
purse
purse.
Calculation
contracts
typically
run
for
10
years.
Based
on
our
experience,
I
think
most
of
the
contracts
in
place
today
with
the
horseman's
associations
are
approximately
10
years
long.
C
C
Assuming
an
average
takeout
rate
of
8.66
and
that
is
based
on
actual
figures
and
that
physical
year
21,
if
you
look
at
the
gross
commission
from
that
june,
21
full
year
analysis
for
all
of
kentucky
hhrs,
the
takeout
rate
was
8.66
percent,
so
I'm
using
an
actual
percentage
right
there.
So
of
that
handle
the
8.66
is
return
and
as
that
that
represents
the
track
share.
C
The
second
the
middle
section
there,
where
it
talks
about
free
play
in
order
to
promote
and
incentivize
customers
to
wager
on
hhr
track
associations,
will
issue
free
play.
That
averages.
Approximately
fifteen
percent
of
take
out
or
just
over
one
percent
of
handle
free
play
is
a
marketing
promotional
tool
used
to
drive
traffic
into
the
gaming
facility
and
is
common
practice
for
the
gaming
industry
as
a
whole
and
used
by
all
of
our
out-of-state
competitors.
C
It's
a
tool
similar
to
a
rebate
used
to
market,
to
new
players
to
bring
in
them,
bring
them
in,
and
also
similar
to
a
rewards
program
like
you
see
with
with
the
airline
industry
or
getting
your
seventh
coffee
for
free
after
you
pay
for
six
of
them
at
your
local
gas
station.
So
it's
a
common
common
practice
there.
It
builds
customer
loyalty.
C
C
Kentucky
excess
tice,
then,
is
applied
to
total
handle
not
to
revenues
but
to
total
handle,
which
represents
one
dollar
and
fifty
cents.
On
this
example
of
a
hundred
dollars,
wagered
and
taking
a
dollar
fifty
out
of
the
736
leaves
the
track
share
on
a
net
basis
of
five
dollars
and
86
cents
that
one
dollar
fifty
one
point.
Five
percent
excess
tax
in
our
calculations
represents
an
effective
tax
rate
of
the
736
of
20.4
percent.
C
C
Now,
let's
move
on
to
the
second
component
of
tax,
which
we
did
not
talk
about
previously,
which
is
the
regulatory
requirement
to
enter
a
contract
with
horsemen
for
purse
money
that
benefits
the
kentucky
horse
industry,
using
the
same
example
of
100
and
handle
the
same
takeout
rate
to
get
to
8.66
minus
the
free
free
play
of
a
dollar
thirty
and
minus
the
dollar.
Fifty
in
excise
tax
equals
that
five
dollars
and
86
cents,
where
we
ended
last.
C
Our
contractual
purse
obligation
for
churchill
downs
as
well
as
other
track
associations,
are
all
at
a
15
clip
of
this
net
revenue
amount
that
which
equates
to
88
cents
leaving
after
that
take
out
4.98
cash
takeout
after
the
free
play
excise
taxes
and
purses,
and
this
88
cents
compared
to
the
original
7.36
track
share.
The
cash
takeout
share
is
equivalent
to
an
11.9
percent,
effective
tax
rate.
C
C
C
So
here
I'm
going
to
provide
you
a
comparison
of
our
rates
with
our
closest
competition
again
on
apples
to
apples
basis.
When
you
look
at
the
purse
and
tax
component
versus
what
our
competitors
are
doing
across
the
ohio
river,
let's
compare
our
32.3
percent
combined
rate
with
locations
in
indiana
of
27
percent
for
the
racinos
and
15
percent
for
the
casinos
on
a
graduated
basis
for
I'll
look
at
the
medium
size
as
a
comparison
tool
and
as
you
can
see,
we're
already
on
the
high
end,
if
not
higher
than
most
of
our
competition
today.
B
Yeah
we're
going
to
oh
you're,
saying
you
have
okay,
you
have
more
details
on
those
kind
of
addendums,
as
it
were
right.
Yeah.
C
E
C
The
federal
regulation
requires
that
a
contract
be
enacted
between
horsemen
associations
and
each
respective
state
and
the
track
associations
in
order
to
conduct
simulcasting
across
state
borders.
So,
for
example,
if
we
wanted
to
take
the
kentucky
derby
signal
on
the
first
saturday
in
may
and
send
it
across
the
river
to
indiana
a
facility
over
there,
we
have
to
have
a
relationship
with
the
indiana
horsemen
so
that
we
can
make
that
cross-state
border.
It
doesn't
specify
a
specific
rate
in
the
1978
interstate
horse
racing
action.
So
this.
C
C
That's
correct
and
I'll
just
point
out
I'll
have
worked
for
churchill,
downs
for
25
years
this
november
and
started
off
in
as
a
controller
in
finance,
and
I
will
I
will
say
that
I've
been
part
of
many
management
teams
have
negotiated
purge
contracts
over
those
25
years
and
I
have
never
in
our
case
seen
a
pers
contribution
percentage
decrease.
C
E
Okay
and
then
back
on
your
slide,
seven
there.
This
is
somewhat
hypothetical,
but
would
appreciate
the
willingness
there
you
what
you're
willing
to
answer
your
your
sub
comment
there
about
keeping
kentucky
dollars
in
kentucky
and
you
referenced.
You
know
that
most
of
these
places
can
have
steak
houses
and
such.
But
what
do
we
do
not
to
just
keep
kentucky
dollars
in
kentucky
but
bring
those
other
dollars
in
statutorily?
What
can
we
do
to
be
more
competitive.
C
Continue
what
we're
doing
the
the
general
assembly
has
passed
senate
bill
120,
which
gives
us
the
opportunity
to
continue
to
invest
in
our
business,
and
we
are
investing
in
our
business,
we're
investing
more
money
in
derby
city
gaming,
our
partners,
other
track
associations
are
investing
in
other
parts
of
the
states
that
will
continue
to
increase
the
overall
breadth
of
total
handle
for
hhr.
So
we
can
continue
to
do
what
we're
doing
is
in
throwing
investment
dollars
to
help
us
compete
with
these
neighboring
neighboring
states.
C
D
Thank
you
miss.
Thank
you,
mr
chair,
mike.
Yes,
thank
you
for
being
here.
Thank
you
for
having
me
and
go
way
way
back
with
churchill
downs
as
a
kid
growing
up
in
louisville,
so
I
got
a
lot
of
great
memories
of
church
towns.
Just
thought.
I'd
say
that
help
me
understand
something
here.
So
you
know
I've
sit
here
to
listen
to
this
presentation
today
from
you
and
the
individual
came
in
before
you
and
it
sounds
to
me
like
just
to
cut
right
to
the
chase.
D
He
he
thinks
the
the
he
sees
the
effective
tax
rate
being
just
under
18.
You
guys
want
to
present
it
as
something
around
32
percent
and
the
difference
seems
to
be
there
there's
a
lot
of
data
here
with
this
just
handed
to
us
so,
but
it
seems
to
be
the
differences,
the
the
horseman's
contract.
D
Yes,
sir,
that
makes
up
that
difference
and-
and
tell
me
if
I'm
wrong
is
this:
it
looks
more
like
an
operating
expense
than
it
is
a
tax
but
you're
saying
that
it's
mandatory
that
you
guys
do
this.
So
when
comparing
to
much
gaming
machines
with
casinos,
they
don't
really
have.
That
cost.
Is
that
what
you're?
C
Competition
across
the
river
will
have
a
purse
component
for
the
indiana
racinos
component,
as
well
as
the
the
ohio
video
lottery
chairman
terminal
facilities.
They
have
a
purse
component
that
is
statutorily
in
the
guidelines
for
their
taxes
as
a
percentage
of
gross
gaming
revenues.
So,
in
order
to
compare
what
we're
competing
against,
you
do
look
at
casinos.
That
may
not
have
a
purge
component,
but
you
also
look
at
the
other
facilities
that
do
have
person
components.
D
D
We
have,
we
have
seen
several
different
mechanisms
to
try
to
deal
with
that
and
we've
we've
seen
different
platforms.
The
paramutual
wagering
come
about
over
the
last
25
years
or
30
years
with
simulcasting
to
internet
to,
and
then
hhr
was
the
real
kicker.
D
Obviously
it
you
know
we're
sitting
here,
competing
against
the
arkansas
louisiana's
florida's
new
york
city
to
to
have
our
sport
at
the
top
and
preserve
our
breeding
industry
and
to
to
re
to
to
fund
our
our
our
breeders
funds
to
to
allow
us
to
to
keep
that
position
that
we
need
to
be
at
hhr
was
really
the
answer
so
senate
bill
120
was
so
important
when
it
when
it
got
passed
last
year
and
it's
so
important
moving
forward.
D
D
I'll
just
say
when
we
look
at
gaming
machines
in
casino
operations,
there's
a
lot
of
revenue
that
comes
from
that
as
well,
and
I
know
we
have
some
states
that
have
admissions
taxing
some
that
don't
that's
kind
of
starting
to
go
out
the
window.
I
know
the
horse
racing
industry
still
pays.
I
think
15
cents
on
admission
taxation,
which
is
not
much.
D
D
B
Okay,
I
appreciate
your
restraint
and
I
you
know
we
can't
be
here
all
day,
but
this
is
kind
of
the
issue
that
started
the
whole
impetus
behind
this
task
force
and
I
want
to
hash
it
out
now.
So
all
right,
you're
going
to
go
one
more
time.
Very
quick.
D
The
river
to
indiana-
and
I
just
wish
it
it's
a
real
inconvenience
to
have
to
do
that
every
saturday.
Thank
you.
G
Thank
you,
mr
chairman,
mine's,
more
of
a
comment
than
it
is
a
question,
and
I
want
to
get
this
right,
maybe
more
than
everybody
else
in
this
room.
It
matters
very
much
to
me
that
we
get
this
right.
But
my
question
is:
how
much
can
we
tax
one
industry?
G
G
We've
got
the
new
birth
and
everybody's
heard
it
through
all
our
arguments
on
senate
bill
120.,
but
I
just
want
to
remind
everybody
that
it's
an
industry-
that's
taxed
very
heavily,
because
when
that
that
money,
that
hhr
money
that
goes
to
purses,
guess
what,
when
you
win
a
purse,
if
you're
lucky
enough
to
win
a
purse,
you
pay
taxes
on
that.
You've
got
to
file.
That
is
earnings
and
you
pay
taxes
on
it
and
then
you
use
it
and
you
pay
taxes.
We
have
to
pay
tax
on
our
horse,
feed
versus
other.
G
You
know
other
agriculture
industries
we're
going
to
pay.
You
know
if
you
buy
cattle
feed,
you
don't
pay
taxes
on
it.
You
buy
horse
feed
you're,
going
to
pay
taxes
on
it,
so
there's
another
tax,
we're
able
to
increase
labor
if
you
can
find
it
right
now,
if
you
can
find
the
help
we
pay
pay
payroll
taxes
are
grown
with
that
too.
So
I
just
want
to
make
sure
that
we're
not
in
the
business
of
punishing
a
business.
That's
growing.
We
want
to
help
a
business
flourish.
We
want
to
help
our
signature
industry
grow.
G
B
Thank
you.
Anyone
else
before
I
go
because
senator
thayer
wants
to
go
last
representative
petrie.
Welcome
to
the
conversation.
B
Several
questions,
one
thank
you
for
the
presentation
very
good.
I
wish
I
had
some
time
to
look
through
the
materials
beforehand
and
got
some
better
questions
for
you,
but
I've
got.
D
D
B
B
B
A
B
H
C
B
A
A
I
was
quite
enjoying
it
and
frankly
I
thought
your
comment
about
sports
betting
was
quite
relevant
because
if
we
legalized
it,
where
else
would
it
be,
but
derby
city,
gaming
or
a
similar
facility,
and
since
the
chairman
of
this
committee,
is
a
sponsor
of
the
bill,
I
I
found
it
very
topical
and
I
was
also
enjoying
the
comments
from
representative
cook
couldn't
have
said
it
better
myself,
sir.
As
a
matter
of
fact,
he
called
me
early
this
morning,
as
he
was
loading
up
yearlings
to
go
to
the
keeneland
sale.
A
I
could
hear
the
horses
winning
in
the
background
and
his
staff
working
hard
and
he
couldn't
stay
on
the
phone
very
long
for
me
with
me,
because
he
had
had
to
get
to
work
and
I
just
as
an
example
of
how
this
business
model
works.
I
see
mark
falcone
here
part
of
the
ownership
team
from
kentucky
downs.
Kentucky
down
has
just
completed
its
record
six
day
meet
down
in
simpson,
county
16
million
dollars
was
earned
in
purses
down
there
at
that
track.
A
Of
course,
I'd
like
to
point
out
that,
while
tennessee
doesn't
have
legalized
horse
racing,
it
does
have
legalized
sports
betting.
I
thought
you'd
like
that
representative
gentry,
so
16
million
dollars
a
record
amount
of
purses
paid
to
winning
owners
who
then
paid
jockeys
and
trainers
who
pay
taxes,
as
representative
cook
said,
and
do
you
know
where
a
lot
of
that
money
is
going
to
get
spent
right
back
here
in
lexington
kentucky
at
the
world's
largest
horse
sale?
That's
what
horse
owners
do?
They
are
eternal
optimists.
A
You
know
a
triple
crown
winner
or
a
breeders
cup
winner
or
a
grade
one
stakes
winner
or
to
win
a
race
at
kentucky
downs,
which
is
on
my
bucket
list.
It's
the
hardest
place
in
north
america
to
win
a
race
these
days,
so
that
money
is
trickling
its
way
back
into
the
economy,
those
those
there
will
be
winning
breeders
who
will
from
from
that
meet.
Who
will
get
a
check
next
march
for
for
breeding
that
horse
those
these
dollars
are
going
to
be
reinvested
in
labor
bricks
and
mortar
fence,
feed
veterinary.
A
So
back
to
my
question
for
mike,
so
we've
gone
from
17.3
to
20.4
to
32.3,
which
I've
been
saying
for
years
that
the
effective
tax
rate
is
over
30
percent
and
as
the
charts
show
we
are
being,
we
are
taxing
historical
horse
racing
at
the
same
or
even
higher
rates
than
those
in
our
surrounding
states.
And
whenever
we
talk
tax
policy
in
this
general
assembly,
we
always
look
at
our
surrounding
states.
We
want
to
remain
competitive,
we
just
at
the
behest
of
the
governor
and
his
cabinet.
A
We
just
passed
an
economic
development
incentive
to
help
create
jobs
here
in
the
commonwealth,
so
we
could
be
competitive
with
our
surrounding
states.
So
I
want
to
get
to
a
point
that
chairman
mcdaniel
made
that
frankly,
I
hadn't
thought
of
which
is
kind
of
the
story
of
my
life
working
with
senator
mcdaniel,
because
he
thinks
of
things
that
none
of
the
rest
of
us
think
of
why
in
the
world
would
we
want
to
increase
the
taxes
on
a
signature
industry
when
our
corporations
are
paying
a
five
percent
income
tax
as
a
corporate
tax
rate?
A
A
I
don't
see
anybody
coming
here
talking
about
taxing
the
bourbon
industry
more
and
you
know
I
like
to
quote
other
people,
I'm
going
to
quote
the
chairman
again,
he
said
recently.
I
don't
see
us
having
too
many
signature
industries,
bourbon
and
horses,
so
I
you
know,
I'm
I'm
happy
to
co-chair
this
committee,
but
sometimes
I
wonder
why
we're
even
doing
it?
A
Why
would
we
want
to
tax
at
a
higher
rate,
one
of
our
two
signature
industries
that
is
now
entering
into
a
golden
age
which,
by
the
way,
this
industry
is
receding
in
other
parts
of
the
country
and
we
are
able
to
take
advantage
of
that
because
of
the
passage
of
senate
bill
120..
So
that
gets
me
to
my
question,
mr
chairman,
because
I
know
you're
wondering
when
I'd
get
to
it.
A
I
would
like
you-
and
I'm
I'm
glad
to
hear
about
your
background
in
in
accounting
in
finance,
so
you
you're
going
to
know
the
answer
this.
What
about
the
other
taxes
that
churchill
pays,
including
the
five
percent
corporate
tax,
that
all
corporations
pay?
Talk
about?
All
the
other
taxes
that
your
company
has
federal
and
state.
C
From
payroll
tax
to
occupational
tax
to
property
tax,
we
have
billions
of
dollars
that
not
only
churchill
pays
but
all
of
our
sister
companies
throughout
the
state,
as
well
as
the
other
track
association.
So
we-
I
don't
have
those
figures
in
front
of
me,
but
we
pay
significant
amount
of
additional
tax
dollars
to
the
commonwealth.
A
Yes,
I
don't
expect
you
to
have
the
figures,
but
I
want
I
want
the
members
of
this
task
force
and
those
watching
to
understand
it's.
It's
not
like
churchill,
downs
or
any
racing
business
in
this
commonwealth
is
skating
on
paying
taxes.
The
tax
burden
on
them
is
enormous
and
you
don't
see
them
coming
to
us
asking
for
relief.
Do
you
thanks,
mr
chairman,
I'm
eager
to
get
to
the
next
part
of
the
then
to
swell
the
fur.
B
Thank
you.
Thank
you
mike.
I
think
we
managed
to
have
both
of
you
at
it
for
about
half
an
hour,
so
that
worked
out
well.
Great
appreciate
you
coming
next
and
final
item
is
the
current
and
future
capital
investments
at
kentucky
tracks.
I
believe
mike
is
going
to
stay
and
vince
is
going
to
come.
H
H
I'm
going
to
be
brief.
I
think
that
to
build
on
senator
thayer's
comments.
H
H
All
you
have
to
do
is
drive
down
bluegrass
parkway
and
see
all
the
new
warehouses
going
up
near
and
around
every
single
distillery.
H
So
much
to
that
point,
I
wanted
to
talk
to
you
about
some
of
the
investment
that
is,
that
has
been
created
as
a
result
of
the
stability
through
senate
bill
120,
and
these
numbers,
while
they
seem
large,
have
happened
in
a
very
short
period
of
time.
H
So
all
of
this
investment
is
essentially
within
the
last
five
years
and
and
much
of
it
continuing
to
grow
and
ongoing
you've
seen
just
in
the
last
three
years,
a
significant
investment
in
kentucky
downs
with
all
the
new
facilities
and
the
things
that
are
going
on
down
there.
As
senator
thayer
mentioned
they're
coming
off
a
record-breaking
race
meet
and
continue
to
improve
what
they're
doing,
but
essentially
every
single
market
and
every
facility
is
experiencing
growth.
H
One
thing
that
I
would
note
and
not
just
because
it's
it's
where
I
work
but
included
in
that
in
that
number,
with
keenland,
that
includes
part
of
our
investment
with
red
mile
and
our
additional
facilities,
because
we
have
a
shared
facility
in
lexington
hhr
facility
in
lexington
with
red
mile,
but
we're
also
undergoing
in
the
and
finalizing
we've
got
about
a
month
left
on
construction.
H
Eight
million
dollars
worth
of
new
training
barns
at
our
facility
that
we
own
on
paris,
pike,
the
thurbridge
training
center,
and
I
can
tell
you
from
a
demand
standpoint
representative
cook
can
speak
to
this
even
better
than
I
can
we
could
we
could
build
40,
new
barns
and
fill
them
up
tomorrow.
The
amount
of
demand
that
we
have
in
this
state
right
now
is,
unlike
anything,
that
I've
seen.
I've
been
fortunate
to
be
at
kingland
for
a
little
over
11
years
now,
stall
applications
for
our
october
race
meet
were
an
all-time
high.
H
H
So
I
can
tell
you
that
what
what
we've
done
has
created
demand,
what
you
all
envisioned
when
you
passed,
isn't
bill,
120,
those
those
of
you
all
that
support
it
should
be
applauded
because
it
has
accomplished
exactly
what
you
had
hoped
and
what
we
had
intended.
H
One
one
last
example
of
this
so
as
it
relates
to
purse
money,
so
mike's
already
talked
about
the
effective
rate
and
what
we
have
to
do
for
horsemen
with
purses
and,
as
he
said
in
his
25
years,
he's
never
seen
a
purse
contract
be
less
than
the
prior
prior
one.
H
This
is
a
great
example,
and
our
purse
structure
in
kentucky
is
is
very
unique
in
that
the
tracks
are
the
ones
that
essentially
fund
the
bulk
of
it,
and
then
it
is
it's
additional
added
money
is
done
through
the
kentucky
thoroughbred
development
fund
or
the
standard
bread
and
stir
steaks
fun
on
the
standard
bread
side.
But
I
will
just
point
to
you
number
one
there
this
so
so.
H
Typically,
we
all
the
competition
is
for
what
we
call
maiden
racing
for
horses
that
are
that
are
seeking
to
win
their
first,
their
first
race
and
and
break
their
maiden,
as
as
we
say
so
in
september
of
2018,
which
was
not
too
long
ago.
The
market
was
still
great.
All
around
there
wasn't
any.
You
know
we
weren't.
Under
a
pandemic,
there
was
no
strange
economic
conditions.
Everything
was
was
in
good
shape
from
that
standpoint.
You'll
see
that
very
first
race
in
september
of
2018.
H
This
is
at
churchill,
downs
made
and
raised
56
000,
which
includes
3
000
from
ktdo.
So
what
that
means,
if
you're
a
kentucky
bread
you're
running
for
56
000,
if
you're
a
non-kentucky
bread,
then
you're
only
running
for
53
000.,
okay,.
H
H
So
when
I
tell
you
that
you've
accomplished
what
you
set
out
to
do,
especially
in
the
short
term,
we
are
still
very
much
at
the
beginning
of
this.
We
are
still
a
very
immature
gaming
market.
We
still
have
lots
of
growth.
We
have
a
number
of
facilities
that
have
yet
to
come.
Online
bowling
green
will
have
a
track
extension
from
kentucky
downs,
hopefully,
by
the
end
of
the
year,
we
we're
progressing
on
our
joint
venture
with
keeneland
and
kentucky
downs
in
corbin
and
williamsburg,
and
those
those
plans
are
moving
forward.
H
We
hope
to
have
williamsburg
open
by
next
july,
so
all
of
those
things
are
coming
together
to
do
exactly
what
we
had
intended
with
the
passage
of
legislation.
So
I'd
rather
I'd
rather
answer
questions.
Mr
chairman,
I
just
want
to
go
over
those
few
slides
as
a
good
visual
for
the
amount
of
growth
and
investment.
That's
happened
across
kentucky.
A
Thank
you,
mr
chairman.
This
gentleman
thank
you
for
that
and
I
think
we
all
appreciate
the
investment
you're
making
in
bricks
and
mortar
facilities
in
kentucky,
because
when
you
build
bricks
and
mortar,
that
means
you
need
a
labor
force
to
operate,
that
bricks
and
mortar
location,
and
it
means
you're
going
to
be
hiring
people
all
over
the
state,
as
as
you
have
been
again,
if
you
can
find
people
who
are
willing
to
work,
hopefully
that
worm
will
start
to
turn
here
very
soon,
but
to
something
representative
gentry
asked
about.
A
There
is
a
significant
entrance
cost
to
buying
these
hhr
machines
and
having
a
licensing
agreement
and
paying
for
the
programming
correct.
So
that's
another
part
of
the
of
the
cost
of
doing
business
in
all
of
these
bricks
and
mortar
locations.
Could
could
you
talk
a
little
bit
about
that?
It
was
to
his
question
about
a
licensing.
H
Fee
yeah,
so
absolutely
so
so,
first
of
all
representative
on
the
just
on
the
licensing
fee
itself,
each
one
of
us
go
through
each
association
goes
through
the
licensing
process.
Through
the
racing
commission,
the
racing
commission
is
essentially
funded
by
the
racetracks,
either
through
unclaimed
paramutual
tickets.
That
is
sheet
back
to
the
state
on
an
annual
basis
or
through
assessment.
So
most
of
the
staff
that
comes
from
the
racing
commission,
the
stewards,
the
folks
running,
the
equine
ambulance,
all
those
people
are
are
done
through
assessment.
H
As
far
as
the
cost
of
doing
business
in
these
facilities
on
an
average
each
facility,
each
hhr
facility,
not
race,
track
itself,
but
each
hhr
facility
on
average
is
probably
anywhere
from
220
to
280
full-time
employees
that
work
at
those
at
each
of
those
facilities.
That's
not
statewide!
That's
each
facility
on
average,
but
the
machines
and
the
infrastructure
that
is
needed
in
addition
to
just
the
normal
bricks
and
mortar.
H
H
That
doesn't
include
all
the
additional
server
cost
and
the
tote
cost,
because
everything
everything
is
pair
mutual
from
that
standpoint,
so
they
are
just
like
making
a
wager
at
the
track
and
and
the
take
out
and
the
way
the
structure
is,
is
much
more
akin
to
an
advanced
deposit
wager
that
you
would
make
on
twin,
spires
or
keenan
select,
as
it
is
even
even
a
casino
wager,
because
everything
goes
into
the
pools
and
it's
it's
done
just
like
a
pair
mutual
wager
and
the
math.
A
Mr
chairman
matt,
thank
you,
sir
one.
1.5
billion
is
a
lot
of
money.
I
mean
again
I
go
back
to
what
we
just
did
last
week
in
special
session
in
basically
front
loading,
our
economic
development
incentives
to
give
the
economic
development
cabinet
the
tools
to
get
in
the
game
to
compete
for
this
level
of
spending
for
some
new
manufacturing
jobs.
A
A
I
look
I'm
looking
down
at
the
150
million
on
turfway
park
and
chairman
chickel
chairman
koenig,
and
I
were
there
on
friday
with
you
at
the
steel
beam
topping
off
ceremony,
and
I
I
just
want
to
continue
to
harp
on
this,
because
I
worked
there
in
the
90s
and
the
place
has
a
very
special
place
in
in
my
history,
as
well
as
the
fact
that
it's
important
to
the
districts
of
senator
mcdaniel,
senator
chickel,
representative
koenig
and
me
the
the
the
renderings
look
great,
and
I
know
the
hhr
facility
is
going
to
be
terrific.
A
A
I'd
like
to
note
senator
schickel's
not
on
this
task
force,
but
he's
attended
every
meeting,
and
he
just
concurred
with
with
my
my
wish.
So
I'd
like
to
see
the
plans
before
you
fit
them
out
too
much,
because
there's
a
lot
of
people
looking
forward
to
that
facility
being
one
of
the
best
in
the
country.
Thank
you.
Thank
you,
mr
chairman,
for
allowing
me
to.
B
Absolutely
I
was
happy
to
hear
that
it
it'll
have
the
largest
simulcast
facility
in
kentucky
so
which
I
assume
means
it'll
be
bigger
than
one
at
churchill:
downs
on
the
second
floor,
which
is
not
small,
so
any
questions
for
our
presenters
all
right.
If
not,
we
appreciate
you
all
coming
next
meeting
will
be
october
4th.
B
I
have
to
talk
a
little
bit
more
with
with
my
co-chair,
but
I
think
there's
a
high
probability
that
we're
going
to
be
hearing
from
everyone
who
obtains
money
from
these
taxes
that
were
we've
discussed
a
couple
times
now,
and
perhaps
some
people
who
might
be
in
line
for
looking
for
more
so
anyway.