Quote:
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Originally Posted by Cholly
from the press release:
" the legislation will enable Virginia’s horsemen and breeders to be able to guide the development of the racing industry in the years to come."
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What it does is simply put money in their pockets. The outrageous 10% tax on all wagers placed by Virginians through ADWs just gets redistributed: 1% to the Virginia Breeders Fund, 4% to the new "Equine Alliance", and 5% to the horsemen's purse account for races run in Virginia (of which there are none at present).
Essentially, the Equine Alliance gets what Colonial used to get. All three of the recipients are really "the horsemen" under various organizational disguises. And there's no obligation to run any races at all. Of course, they're delighted. Who wouldn't be?
