Study in contrasts: Racing, breeding shine in Kentucky as sport dims across America

Stop subsidizing the ‘sport of kings’

There are federal tax benefits for racehorses (although there's a chance they might soon expire) and some states exempt racehorses from their sales taxes.

Study in contrasts: Racing, breeding shine in Kentucky as sport dims across America

Beyond Kentucky’s borders, horse racing is a sport in steep decline. Within the commonwealth, however, wealth is common.

Racing, breeding shine in Kentucky as sport dims across America

Beyond Kentucky’s borders, horse racing is a sport in steep decline. Within the commonwealth, however, wealth is common.

Study in contrasts: Racing, breeding shine in Kentucky as sport dims across America - NKyTribune

By Tim Sullivan Kentucky Lantern Beyond Kentucky’s borders, horse racing is a sport in steep decline. Within the Commonwealth, however, wealth is common. Though no fewer than 48 American racetracks have closed since 2000, Kentucky operators continue to invest hundreds of millions in their facilities and are reaping an outsized return, and not only on the first Saturday in May.  Derby competitor Sandman gallops at Churchill Downs April 18. (Photo…