Bill To Tax Wagering Passes House Committee

{Frankfort, Kentucky}...Tuesday, a measure that would tax bets on horse races made online or on the phone passed the House Budget Committee. House Bill 229 would allow a tax of 0.05 percent on bets made through advanced-deposit wagering sites by Kentucky bettors. From that, 0.05 percent, about 15 percent would go back to the state's general fund, and about 85 percent would go to racetracks. The tracks would have to use 50 percent of their share to pump up purses for Kentucky horse races.