Betting legistlations in Kentucky May See Changes During 2010

The budget in Kentucky has been reaching critical levels, and state law makers are starting to look for new ways to make up for the fiscal losses, which include variations of Betting both land based and Online Betting. With the chances of layoffs in the near furture, a state that has been one of the biggest opponents to Betting may soon see changed Betting legistlations that would permit video slot machines in the state.

On Tuesday, a legislative session will be held. The drive for support for legalized casino style Betting in Kentucky is looking to carry on the drive, as the Kentucky is looking at a $1.5 billion deficit over the next two years. Slot machines at the state’s horse tracks are one of several solutions that are looked over, which is a way to prevent tax increases.

Budget cuts are already on the way, but both sides of the bi-partisan system are targeting the prevention of further cuts, tax hikes, and layoffs. Governor Beshear seems to think that raising taxes will create a bigger damage for Kentucky’s economy, sending the state into deeper recession.

The prospects of regulated slots betting is predicted to raise between $200 to $300 million dollars per year in taxes.

The next session will span sixty days, and is mainly going to cover the budget. Further legislation would contain a ban on text messaging while driving, harsher punishment for cockfighting, and a seal on 911 tapes under the Open Records Act.

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