A bill that would allow wagering on historic race results, better known as Instant Racing, was passed by the Michigan Senate early Friday morning and awaits the approval of Gov. Rick Snyder to become law.
Under the bill’s guidelines, 15 percent of revenues from Instant Racing would go to the horsemen’s purse pool. Also included is a measure to increase Michigan-bred breeders’ awards from 10 percent to 15 percent of a race’s gross purse to the winner. Instant Racing machines are currently in operation at tracks in Arkansas and Kentucky.