- Associated Press - Wednesday, December 13, 2017

FORT PIERRE, S.D. (AP) - There may be horse racing at a central South Dakota track next year, after all.

The Verendrye Benevolent Association announced Tuesday that its board unanimously voted to reconsider an earlier decision not to host races at the Fort Pierre track in 2018, the Pierre Capital Journal reported .

The vote comes after the South Dakota Horsemen’s Association offered $15,000 in support and community members pledged $5,500.

The association’s November decision not to host races at the Fort Pierre track was made in response to a funding decline provided by the South Dakota Commission on Gaming. The commission’s funding is generated from taxes on pari-mutuel betting, which has seen a nationwide decline. The association said it would face a $40,000 to $50,000 shortfall if it hosted the 2018 races.

Skip Moody, the association’s president, said that a bankruptcy filing of an advanced deposit wagering operation in Sioux Falls in October also exacerbated the decline in pari-mutuel betting revenue. Moody said revenue from taxes paid by the operation to the commission amounted to $18,000 for each of South Dakota’s two horse racing tracks.

Board members said the association will hold another vote and reach a decision by March 1. If the board reverses its decision, the Fort Pierre track would host the 2018 horse races during the end of April and beginning of May.


Information from: Pierre Capital Journal, http://www.capjournal.com

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