Texas Racetrack Owners Eye New Revenue Stream

AUSTIN (June 9, 2014) Racetrack owners are seeking the approval of Texas regulators to expand gambling to include racing terminals that look similar to slot machines.

The owners consider the machines, known as historical racing terminals, to be an important revenue stream that could boost a struggling industry.

Proponents argue that state law does not specify that pari-mutuel betting be only for live horse races and want to include the racing terminals, which display video feeds of previous horse races.

The feeds are stripped of any identifying information that could aid the bettor.

Slot machines are illegal at Texas tracks and critics of the effort say the terminals are nothing more than horse-themed slots.

The Texas Racing Commission will consider the matter Tuesday but will not make a decision.

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