Taxpayer subsidies are necessary to keep racing alive. Maybe it's time to end it.
Bill to End Dog Racing Passes in Iowa Senate
DES MOINES, Iowa (AP) - The Senate has passed a bill that would end greyhound racing in Council Bluffs but allow dog owners to continue operating a track in Dubuque.
The bill passed 46-2 and moves to the House.
It was placed on the legislative fast-track this week after casinos in the two towns negotiated a deal with the Iowa Greyhound Association that creates a $36 million retirement fund for dog owners and breeders who want to get out of the business. It allocated another $36 million to help the association negotiate a lease for the Dubuque track and try to keep dog racing alive.
The casinos spend millions of dollars a year to subsidize dog racing which has seen betting decline dramatically in the last decade and will pay the money to end racing.
The bill passed 46-2 and moves to the House.
It was placed on the legislative fast-track this week after casinos in the two towns negotiated a deal with the Iowa Greyhound Association that creates a $36 million retirement fund for dog owners and breeders who want to get out of the business. It allocated another $36 million to help the association negotiate a lease for the Dubuque track and try to keep dog racing alive.
The casinos spend millions of dollars a year to subsidize dog racing which has seen betting decline dramatically in the last decade and will pay the money to end racing.
Read more: http://www.kcrg.com/home/top-9/Bill-to-End-Dog-Racing-Passes-in-Iowa-Senate-256787231.html#ixzz305RV82jm
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