The Horseracing Industry Supports Frank’s Bill 

Barney Frank’s anti-UIGEA bill is being bitterly opposed by several sporting federations. Therefore it comes as surprise that the horse racing industry has announced its support to the bill. This is all the more surprising because in the state of Kentucky Internet gambling is being clamped down upon because of its perceived competition to horse racing. 

Members of the horseracing industry have said that they would benefit from Frank's bill being passed. They cite two reasons for this. The first is that they need to expand their customer base in order to ensure that horseracing remains viable. Tom Chukas, president of the Maryland Jockey Club, said, “Anything to expand the horse racing product to the masses and to create a younger demographic is something that needs to be explored. One of the growth areas for racing has been home activity.” 

Some online activity in horseracing betting already exists, but there is a lack of clarity as regards its legal status. The Justice Department maintains that online betting on horse races is illegal. However, Maryland Senior Assistant Attorney General Bruce Spizler holds the contrary view. He said, “People can bet on horse races on their computer, provided they follow all the rules, You have to open up an account at a racetrack in Maryland that offers the race and prove you're 18.” Therefore Frank’s Bill, if passed, would clear the air and end the uncertainty. Michael Brodsky, chairman of Youbet.com, the largest online racing provider in the US, told the Baltimore Sun, “... [Frank’s bill] brings Internet gambling out in the open and would provide for clear regulations and certainty for adults who choose to participate online.”