How does wagering support Ohio horse racing?
Revenue for Ohio horse racing comes from parimutuel betting – French for “mutual betting” – approved by the Ohio legislature in 1933. The wagering pool is the primary source of money for Ohio horse race track purses, with some money for Ohio stakes series races coming from state breed funds supported by wagering taxes. States with expanding gaming usually put money back into purses making them dramatically higher. Since Ohio is mostly surrounded by these states, its purses can’t compete.
