Historic Racing revenues in Wyoming are being utilized to restore the state's horse racing industry as well as securing major economic stability for the state with resounding success. The revenue from the Historic Horse Racing terminals has helped to boost live horse racing events in Wyoming, supplement bigger incentives for horse breeders throughout the state and bring a great revenue source to the State of Wyoming and Wyoming municipalities.
Over $3.2 million was distributed to the Wyoming Breeder Awards Fund in 2019, which is paid out to eligible owners, breeders and stallion owners of Wyoming Bred horses that participate in Wyoming live race meets throughout the state. Over $9.8 million dollars has been allocated to the fund from Historic Racing terminals since 2013.
The revenue from the historic racing terminals for Wyoming municipalities for 2019 reached over $7.9 million to distribute back to cities and counties where the Historic Racing terminals are located. Over $24 million dollars has been distributed to local municipalities since Historic Racing was implemented in 2013.
Other contributions from the Pari-Mutuel industry included the transfer of funds in July of 2019 from the Pari-Mutuel Account into the following accounts for the State: $2 Million to the Wyoming State Fair, $2 Million to the Legislative Stabilization Reserve and $200,000 to the Animal Damage Control. “It is essential for the state, industry leaders and citizens to focus on what benefits the Cowboy State and with a collaborative effort the racing industry will continue to provide major economic stability for the state,” stated Director Charles Moore.
For more information on the Wyoming Pari-Mutuel Commission please visit the following website: parimutuel.wyo.gov.
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