Nov 19, 2001 11:16 PM

The state of Kentucky is gambling crazy, which is putting horse racing tracks in a tough position.

The Owensboro (Ky) Messenger-Inquirer reported that state racetracks are concerned that the flotilla of six nearby riverboats is threating their existence.

Bob Elliston, president of Turfway Park, told legislators that even changes in tax laws will not ensure that the track will stay open. He said that the tracks needed slot machines, with the proceeds helping to underwrite losses and generate higher purses.

The General Assembly was set a few years ago to seriously consider casino gambling, but Keeneland president Ted Bassett announced that the Lexington track was opposed.