Virginia: Proposal To Legalize Historical Racing Advances Through House Committee

by | 02.12.2018 | 10:51am
Historical racing terminals

A proposal that would legalize wagering on historical horse racing in Virginia was approved by the House of Delegates Appropriations Committee late Friday afternoon.

The Roanoke Times reports that the legislation, which was passed the Appropriations Committee by a 21-1 vote, will now be sent to the House floor for a vote, which is expected to happen this week.

If passed, the historical gaming machines would be installed at the now-shuttered Colonial Downs and off-track betting parlors around the state.

Revolutionary Racing, a Chicago-based company that is in the process of buying Colonial Downs, released an economic analysis that indicated that historical gaming machines “would generate almost 80 percent of the revenue” from a reopened Colonial Downs.

The analysis further indicated that by 2022, Colonial Downs “could have an annual economic impact of $349.1 million, support more than 1,400 jobs and produce $41.7 million in state and local taxes.”

“The reopening of Colonial Downs will put Virginia back on track,” said Jeb Hannum, executive director of the Virginia Equine Alliance.

Read more in the Roanoke Times

  • Erv Pofelski

    And of course Illinois does NOTHING, To help Racing

    • mike

      sadly,the focus there is on being a sanctuary city

      • Chris Lowe

        If I remember my third grade geography, Illinois is a state.:)

  • thestockbroker

    I’ve played horses since ~1975 and have a photographic memory, I’ve actually seen races on some horse racing gaming machines where you try to bet the winner of actual races, and they’re races I had seen and remembered the results, did really well on those machines

    • jerryinlouisville

      That’s pretty amazing, especially since they don’t show anything about the race until after you bet.

  • Peter Scarnati

    ….“The reopening of Colonial Downs will put Virginia back on track,” said Jeb Hannum, executive director of the Virginia Equine Alliance.”
    Mighty interesting words from someone who is the leader of a group which includes members of the very entity — i.e., the Virginia HBPA — which effectively closed Colonial Downs a few short years ago.
    It would seem that horsemen in Virginia have seen the light that not having a track “to put on the show” leaves the horse industry will little more than nothing. And no show to put on.

    • really?

      its actually the opposite. the machines ARE the game, not live racing.

  • Jack Martling

    Anyone that was forced to watch this weekend’s races from Santa Anita knows that soon the word “historical” will be the first thing people think of when Santa Anita is mentioned. The racing is getting worse by the day. I see weekend only racing as the next act of desparation to turn things around.

  • Longshot

    Would be great to see Colonial open again

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