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Georgia to Legalize Horse Race Betting? It Could Happen

I’m all for legalized betting, no matter where it is.

Reason? Our economy is so f**ked up that any kind of revenue we can get to prevent tax hikes I am for.

Besides, I am going to gamble (legally) no matter what.

In Georgia, where I went to school, they are now considered legalizing horse race betting.

It’s a long time coming, if you ask me.

Now that the 2010 state legislature is in session…and with revenues $2 billion (that’s with a “B”) down from a few years ago, there is serious thought about how to raise additional monies.

Four race tracks could make up the difference if they generate as much in taxes as Indiana did after it began legalized horse-race betting in 2007, according to Arthur Anderson, a lobbyist with the Georgia-South Carolina Horse Racing Committee, based in Augusta.

Anderson is trying to tie the taxes from race track to education funding.

“Educators think it’s wonderful,” said Lisa Amey, a real estate agent in Newnan. She represents a group of investors who have raised $20 million for the construction of a track and training facility south of Atlanta to be called Georgia Downs.

So, we’ll see what happens. Legislation…if it happens at all, will probably be introduced by Rep. Harry Geisinger, R-Roswell, who led the November hearing.

Other lobbyists are pushing wider legalization that would allow construction of a casino in Underground Atlanta, the site of the recent horse-racing strategy session.

Whether Georgia voters will go for all this is open to question. But I believe that it should be put to a vote.

Let me know how you feel about this.

Best opinions get a free copy of my book (see lottery book to the right of this posting).