House passes legislation creating Study Cmte on Horse Racing

Cross-posted from The Weekly

Written by STAFF REPORTER

ATLANTA, Ga. (April 20, 2011) – The Georgia House of Representatives passed House Resolution 643 on Thursday, April 14, 2011, with a vote of 157 to 7. Introduced by State Representative Harry Geisinger (R-Roswell), this legislation creates the House Study Committee on the Horse Racing Industry.

“Expanding our state’s horse industry is a simple way to bring jobs to our state, jobs that are severely needed by the thousands of Georgians who continue to struggle to find employment,” said Rep. Geisinger. “The number of jobs created and revenue generated through expanded horse racing in our state would give Georgia the economic boost we need.

Thirty-eight other states already reap the $39 billion in economic benefits that horse racing and pari-mutuel wagering bring to our country. Recent budget cuts have made it clear that Georgia can no longer afford to miss this economic opportunity.”

Under HR 643, the House Study Committee on the Horse Racing Industry will be tasked with studying the affects that horse racing and pari-mutuel wagering would have on Georgia’s economy. This study would include any broad financial benefits for the state and Georgians from additional employment opportunities, capital investments, and real profits from increased breeding, raising, and quartering of horses.

The committee will publish a report of its findings and recommendations, which may include suggestions for proposed legislation. This report will be submitted to the Georgia House of Representatives by December 31, 2011. Continue reading >>