Racing panel hires betting monitor

The Kentucky Horse Racing Commission has hired a supervisor of pari-mutuel wagering to address betting integrity.

Gregory Lamb, an 18-year auditor with the Colorado Division of Racing, has been named to the Kentucky post, which will pay $70,000 a year.

A task force on the future of horse racing appointed by Gov. Steve Beshear last year recommended hiring someone to monitor the $490 million wagered annually at Kentucky racetracks and off-track-betting parlors.

In 2007, State Auditor Crit Luallen noted the lack of wagering oversight in a report that found financial management problems at the racing agency. Luallen found that tracks have been self-reporting data on betting rather than being subject to monitoring and verification.

But no additional oversight was implemented because the agency couldn't afford it, according to Lisa Underwood, KHRA executive director.

Underwood said Monday that the task force specifically named this position as critical to elevating this area of oversight by the commission.

"I am confident in the ability of Greg to help raise the level of integrity of horse racing to meet the expectations of the wagering public," Underwood said in a statement.

Money for the post came from a $2.7 million appropriation by the legislature during this year's special session that beefed up KHRA funding for positions recommended by the task force and the auditor. More hiring is expected.