Slots Revenue Revives Horse Racing in Maryland
In 2008, Maryland voters legalized slot machine gambling and channeled some of the proceeds to revive Maryland's storied but sagging horse racing industry. As a result, tens of millions of dollars a year now flow into racing purses and other incentives to breed and race horses in the state. But some still question whether state money should be spent on horse racing. As Triple Crown contender California Chrome-- who has Maryland roots--prepares for Saturday's Belmont Stakes, Kojo examines the economics of Maryland horse racing.