KRS 137.170 — Tentative state license tax on race meetings

(1) Every person engaged in the business of conducting a race meeting at which live
horse races are run for stakes, purses, or prizes, under the jurisdiction of the
Kentucky Horse Racing and Gaming Corporation, shall pay a tentative license tax
to the state, as provided in subsection (2) of this section.
(2) Any race track for any year commencing December 1 and ending the following
November 30 for the days upon which races are actually conducted for any stake,
purse, or prize, shall pay a license tax based on t he average daily mutuel handle for
the preceding year as follows:
Average Daily Mutuel Handle License Tax
$0 - $25,000 $ 0
$25,000 - $250,000 $ 175
$250,001 - $450,000 $ 500
$450,001 - $700,000 $1,000
$700,001 - $800,000 $1,500
$800,001 - $900,000 $2,000
$900,001 and above $2,500
(3) As used in subsection (2) of this section the term "daily mutuel handle" shal l mean
the total gross amount of money bet or wagered by a race track's patrons by means
of pari-mutuel, combination, or French pools on live races conducted by the track.