Md. horse breeders: Slots have boosted industry

12/27/2013 10:15 AM
By Associated Press

BALTIMORE (AP) — Members of the Maryland Horse Breeders Association say slot machine revenue is helping boost local horse breeding.

The association said Friday that Maryland has seen a 13 percent increase in Maryland-bred mares and a 23 percent increase in new stallions for the 2014 breeding season. They're highlighting the Maryland-Bred Awards Program, which is funded by slot machine proceeds.

The money comes from a portion of revenue raised from slot machine gambling set aside for horse racing purses.

Maryland's horse racing industry suffered declines in recent years from expanded gambling in neighboring states. Maryland now has slot machine gambling and table games like blackjack. A new casino in Baltimore is scheduled to open next year. MGM Resorts International recently won a license to build a casino in Prince George's County.

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