FRANKFORT — State Rep. Greg Stumbo released a working draft of a bill Wednesday he plans to prefile for consideration in the 2009 General Assembly that would allow video lottery terminals at race tracks.
Stumbo, D-Prestonsburg, said in a news release that his plan would create new revenue for the state's horse industry through larger purses, boost funding for primary education and reduce the tax burden on Kentuckians by removing the state property tax on motor vehicles and motorboats.
Some proceeds also would go to the Thoroughbred and Standardbred Development Funds, Kentucky PRIDE, treatment for problem gamblers and to assist the state lottery with the costs of expanding lottery options.
Under his plan, the lottery corporation would oversee licensing of the lottery machines and tracks that want the terminals.
Stumbo said he hopes to receive public comment on the bill over the next several weeks.
His bill has not yet been pre-filed.
Last week, Rep. Tom Burch, D-Louisville, said he will prefile a bill that will allow 18,000 slot machines in the state. Each county would have slot machines, but only if each wants them.
Burch's plan also would allow 6,000 slot machines at the eight licensed race tracks in the state.