The Florida House of Representatives’ Commerce Committee recently approved House Bill 105 with a 13-7 vote, moving it to the House floor for further consideration. This bill proposes to “decouple” live horse racing from casino operations, allowing venues like Gulfstream Park and Tampa Bay Downs to maintain gaming licenses without hosting live races.
Industry stakeholders express concern that this legislation could undermine Florida’s thoroughbred racing sector, which supports over 33,500 jobs and contributes approximately $3.24 billion annually to the state’s economy. They argue that removing the live racing requirement may lead to reduced racing opportunities, impacting breeders, trainers, and associated businesses.
Proponents of the bill contend that decoupling offers greater operational flexibility for gaming establishments, potentially leading to increased revenue and economic benefits. However, opponents fear that such changes could erode the foundation of Florida’s horse racing industry, leading to job losses and diminished economic activity in related sectors.
As the bill progresses to the House floor, the debate continues between enhancing gaming industry flexibility and preserving the state’s historic horse racing traditions. Stakeholders on both sides await the outcome, which will significantly impact Florida’s equine industry and broader economy.
Click the link below to read the full article by Eric Mitchell at www.bloodhorse.com
https://www.bloodhorse.com/horse-racing/articles/283258/florida-house-committee-moves-decoupling-forward
