Giddy-Up: House Approves Plan To Boost Horse Racing Profits

LANSING, Mich. (AP) - The Michigan House has approved legislation designed to help the state's $1 billion horse racing industry which has suffered through years of slumping profits.

Republican bill sponsor Sen. David Robertson says the two bills that passed 104-4 on Tuesday update the way money is distributed at horse racing tracks and create a seven-member horse racing commission.

Republican Rep. Dan Lauwers, says the legislation will help the industry build "a more secure and predictable future."

Current horse racing regulations were created in 1995 when Michigan boasted nine tracks. The state now operates only two: a thoroughbred track in Hazel Park and another in Northville for Standardbred harness racing.

The bills now go back to the Senate for final approval.

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