The Kentucky Senate approved HB904, a bill that would introduce fixed-odds wagering on horse racing at licensed state racetracks, shifting from the current pari-mutuel system. This change aims to attract new and younger fans by aligning horse race betting with popular sports betting formats. The bill also authorizes the Kentucky Horse Racing Gaming Corporation to regulate fixed-odds wagering and establishes a purse stabilization fund from the tax revenue generated. Additionally, the bill prohibits any restrictions on the number of mares a stallion can breed annually in Kentucky, a contentious issue tied to concerns about inbreeding and genetic diversity in Thoroughbreds.

The mare breeding cap prohibition was added amid ongoing debates led by The Jockey Club, which had previously tried to impose a 140-mare cap to address genetic concerns but faced legal challenges and industry pushback. The bill effectively limits The Jockey Club’s authority in Kentucky by removing its exclusive role in certifying Kentucky-bred Thoroughbreds and allowing for alternative registrars if violations occur. While The Jockey Club expressed support for a science-based, industry-wide approach, critics argue the legislation undermines its influence and reflects poorly handled governance of breeding regulations. The bill now awaits Governor Beshear’s decision on whether to sign it into law.