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Running Aces CFO says historical horse betting is a ‘lifeline’ for Minnesota race tracks
FromMinnesota Now
Currently unavailable
Running Aces CFO says historical horse betting is a ‘lifeline’ for Minnesota race tracks
FromMinnesota Now
ratings:
Length:
10 minutes
Released:
Apr 15, 2024
Format:
Podcast episode
Description
There’s some turmoil at the state capitol over something called historical horse racing, also called instant racing, where betters pick a horse in a digital horse race that has been run in the past.The state’s horse racing tracks, Canterbury Park in Shakopee and Running Aces in Columbus, say historical horse racing is a critical revenue source for them. Lawyers for tribal nations in Minnesota say historical horse racing is too similar to slot machines, which tribes have exclusive rights to host in their casinos. DFL Representative Zack Stephenson is an author of a bill banning historical horse racing that had another hearing Monday morning. “I just want to be very clear with folks, there is no universe in which any bill that leaves this committee is going to authorize historical horse racing at the tracks,” he said. “That’s a total nonstarter will not happen will not be part of a sports betting deal. Bright red line in the sand.”Stephenson is also the author of the larger sports betting bill making headlines right now. The latter will legalize sports betting, but with the tribal nations running the sports books.The CFO of Running Aces, Tracie Wilson, joined MPR News host Cathy Wurzer to talk about the state of Minnesota race tracks and the debate in the legislature.
Released:
Apr 15, 2024
Format:
Podcast episode
Titles in the series (69)
Minnesota Now: April 18, 2024 by Minnesota Now