Business

Instant racing revenue continues climb, up 17% in December

Expanded gambling continues to grow at Kentucky Downs in Franklin. Betting on instant racing, the electronic form of gambling in which bettors wager on previously run horse races, was up 16.58 percent in December to more $9.8 million.

From September through the end of the year, $29.3 million was wagered on Instant Racing, according to the Kentucky Horse Racing Commission.

Most of the money was returned to bettors in the form of winnings but the track has netted more than $2 million.

According to the state's figures, $293,025.03 has been contributed to purses and $20,930.36 was raised for breeders' incentives.

The state also earned $102,702.08 for the General Fund.

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