Bevin signs bill to remove excise tax on horse wagers in Kentucky
Governor Matt Bevin says the law will encourage the Breeders' Cup to make Kentucky a regular stop.
LOUISVILLE, Ky. (WDRB) -- Kentucky Gov. Matt Bevin was at Churchill Downs Tuesday to sign bill a he says will keep the Breeders' Cup coming back to Kentucky.
Bevin ceremonially signed House Bill 259 at the track on May 1. The bill removes the excise tax on wagering.
"You think about the Breeders' Cup. It is the absolute best of horse racing in the world. And the opportunity to stage it at Churchill Downs -- or anywhere in the Commonwealth is extraordinary," said Bevin.
Officials say removing the excise tax on wagering strengthens Kentucky's bid to become a regular stop for Breeders' Cup World Championships.
Churchill Downs is hosting this year's event on Nov. 2 and Nov. 3. Tickets go on sale to the public June 7.
The Breeders' Cup was last held at Churchill Downs in 2011.
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