Tag: Rep. Adam Koenig

Bettors on Ellis Park wagers this Friday will enjoy penny breakage, meaning they will cash bigger tickets than horseplayers in other states. That's courtesy of a penny breakage bill that goes into effect Friday. (Image: Ellis Park)

Kentucky Becomes First State Implementing Penny Breakage on Wagers

- 3 min read

Beginning this Friday, horseplayers wagering on Kentucky races will get paid to the penny when the state’s long-awaited penny breakage law takes effect. The Thoroughbred Idea Foundation, a grassroots advocacy group for horseplayers and horse owners, reported the change kicks in this week at Ellis Park. “This is a welcome […]

Kentucky horseplayers betting on horses like John Battaglia Memorial winner Tiz the Bomb will benefit from a bill reducing breakage to a penny. The bill HB 607, passed the Kentucky State Senate this week and is expected to be signed by Gov. Andy Beshear. (Image: Coady Photography)

Bettors Cash a Long-Awaited Ticket as Kentucky Eliminates Breakage

- 3 min read

It went by Kentucky HB 607, an innocuous name for a bill that could put millions of dollars into horseplayers’ wallets after its Tuesday passage in the Kentucky State Senate. That bill, which heads back to the House for concurrence after sailing through the state senate 33-1, virtually eliminates breakage. […]