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Horse Breeding Gets Boost From Slot Machine Revenue

December 30th, 2013 by WCBC Radio

Members of the Maryland Horse Breeders Association say slot machine revenue is helping boost local horse breeding. The association said Friday that Maryland has seen a 13 percent increase in Maryland-bred mares and a 23 percent increase in new stallions for the 2014 breeding season. They're highlighting the Maryland-Bred Awards Program, which is funded by slot machine proceeds. The money comes from a portion of revenue raised from slot machine gambling set aside for horse racing purses. Maryland's horse racing industry suffered declines in recent years from expanded gambling in neighboring states. Maryland now has slot machine gambling and table games like blackjack. Josh Pons of Country Life Farms says that by allowing slots and table games in Maryland, the state no longer faces competitive disadvantages…





 

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