WEST VIRGINIA HOUSE RESTORES INCENTIVES

The West Virginia House of Delegates on Thursday voted 86-11 to pass legislation that would restore an in-state Thoroughbred breeding-incentive program for horsemen at two racetracks, including Charles Town Races & Slots. The bill is now headed to the Govenor’s office for his signature.

By the end of the fiscal year, the legislation is expected to be worth about $4.2 million to horsemen at Charles Town Races & Slots and the state’s other thoroughbred track at Mountaineer Casino Racetrack & Resort.

The state code change proposes to divert excess video lottery money that has not been earmarked for something else to the breeder-incentive program. The legislation also changes the division of gaming receipts generated for regular purses at the racetracks to a proportional allocation, rather than an equal split among the tracks – a substantial advantage for Charles Town.

The last incentive payments by the West Virginia Racing Commission were made in June 2007.

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