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general election following November 7,1978. The $265 million dollar figure includes a $40 million payroll for the 13,000 new jobs, $85 million in expendutures by Virginia horsemen, and $25 million by out of state horsemen. Over 4,200 horses race out of Virginia now which represents $43 million in board paid currently out of state. This expenditure does not include other payments to veterinarians, blacksmiths and the like.
With two tracks in operation, 40 tons qf hay, 60 tons of straw, and 70 tons of grain will be required each day at the tracks. This means that Virginia farmers will have to expand their production by 40,000 acres to keep up with demand for hay alone.
The two tracks will pay taxes to local and state governments which will repay one hundredfold the cost required in fire protection and similar services. The tracks in Charles Town, West Virginia employ 5,500 people and are responsible for one million visitors a year. Virginia can and will do much better than that with its bigger horse industry.
There is a section in the bill which provides for a "Limited License”. This means that the Point-toPoints and Steeplechase meets can have pari-mutuel if so desired by the locality and generate revenues to each area before any major tracks are constructed.
The Pari-Mutuel bill which has been passed by the General Assembly and signed by the Governor, has been called by other states “one of the toughest bills in
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