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Try Again: Bills Filed To Allow Casinos In Ky.

Posted On November 22, 2013

By Mike Perleberg

 

image(Frankfort, Ky.) – Allowing casino gaming will once again be a proposal put to Kentucky’s state lawmakers in 2014.

 

Kentucky House Speaker Larry Clark (D-Louisville) pre-filed two bills Wednesday that would expand gambling in the Bluegrass State.

 

One of those bills is a constitutional amendment that would let voters statewide decide if casinos should be allowed in the state. If it passes the legislature, the issue could appear on the ballot next November.

 

The other bill calls for casino licensing and regulation at five horsetracks and three standalone casinos in the state.

 

Clark said in a news release that Kentucky stands to generate $286 million in new tax revenue each year if casinos were allowed.

 

“This legislation will create a new revenue source to support education, stabilize public pensions, boost local cities and county governments and provide more treatment options for gambling and substance addiction. At the same time, we will protect our signature equine industry, a crucial component of Kentucky’s agriculture economy,” Clark said.

 

Both pieces of legislation face an uphill battle though. Kentucky lawmakers have failed to pass expanded gambling bills each of the past 20 years.