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Forsyth legislator says N.C. Derby Act would be a revenue win for the state s coffers
A Forsyth County legislator has introduced a bill that would encourage the creation of North Carolina’s version of horse racing’s Kentucky Derby.
Sens. Paul Lowe, D-Forsyth, and Jim Perry, R-Lenoir, are co-primary sponsors of Senate Bill 629, titled “North Carolina Derby Act.”
The bill would “foster new development in the equine sector” that is projected to bolster the revenues of retail merchants, restaurants and other elements of the hospitality sector near the derby.
“Commercial thoroughbred racing would present a great opportunity for North Carolina’s economic growth, and it could generate extra gaming and tax revenue for the state budget,” Lowe said. ....

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