Jack was in the banking business for 40 years. After returning from the Army, he began his career in 1959 as a teller at the Blakeley Bank of Ranson, WV and worked his way up to being President of Blakeley Bank and its successor, F & M Bank, before retiring.
For years, Jack’s bank handled all the accounts for the Race Track; he remembers putting the first ATM machines in at the track. He estimated that back then about 50% of the horsemen were customers at his bank. He knew them all by their names.
Upon retiring, Jack became very familiar with the horse racing business through his brother who was a horseman and raced for 50 years. “I have always been a supporter of our racing industry. I campaigned and signed a letter in favor of slots provided an amount of slots revenue went to the horsemen.”
In Jack’s opinion, “Less racing and smaller purses would have a very negative impact on the community. It would severely increase unemployment and welfare. There would be less business for independent shops as well as the big stores. It would affect the feed stores, banks, schools, and most importantly, the farmers who provide the hay and straw to the horsemen. It could prove devastating to the proud history and historic agricultural heritage of Jefferson County.”
Do You Know The Legislative Intent For
Race Track Video Lottery and Table Games?
The legislative intent of racetrack video lottery and table games is to protect and preserve the horse racing and breeding industries and its agricultural and employment components, to protect and enhance the tourism industry, and to indirectly benefit other segments of the economy.
ARTICLE 22A. RACETRACK VIDEO LOTTERY. §29-22A-2. Legislative findings and declarations. (e) The purpose of this article is to define and provide specific standards for the operation of video lottery games at pari-mutuel racing facilities licensed by the state racing commission pursuant to article twenty-three, chapter nineteen of this code. The Legislature finds and declares that the existing pari-mutuel racing facilities in West Virginia provide a valuable tourism resource for this state and provide significant economic benefits to the citizens of this state through the provision of jobs and the generation of state revenues; that this valuable tourism resource is threatened because of a general decline in the racing industry and because of increasing competition from racing facilities and lottery products offered by neighboring states; and that the survival of West Virginia's pari-mutuel racing industry is in jeopardy unless modern lottery games are authorized at the racetracks.
ARTICLE 22C. WEST VIRGINIA LOTTERY RACETRACK TABLE GAMES ACT. 29-22C-2. State authorization of table games at licensed racetrack facilities; legislative findings and declarations. Legislative findings:
(1) The Legislature finds that horse racing and dog racing and breeding play a critical role in the economy of this state, enhance the revenue collected at the racetracks, contribute vital revenues to the counties and municipalities in which the activities are conducted, provide for significant employment and protect and preserve green space and; that a substantial state interest exists in protecting these industries. Furthermore, it finds that the breeding and racing of thoroughbred horses is an integral part of West Virginia's agriculture, and that agriculture is a critical ingredient in West Virginia's economy. It further finds that the operation of table games pursuant to this article, at racetracks in this state that hold racetrack video lottery licenses and licenses to conduct horse or dog racing, will protect and preserve the horse racing and dog racing industries and horse and dog breeding industries, will protect and enhance the tourism industry in this state and indirectly benefit other segments of the economy of this state.