The Racino at Canterbury Park would be the first gaming and entertainment facility to generate substantial tax revenues for the State of Minnesota.

The following are key components of the proposal:

The Racino would authorize the Minnesota Lottery to operate slot machines at a licensed racetrack and allow for banked blackjack and other games authorized at tribal casinos.

The Racino would be tightly regulated by the Minnesota Racing Commission and the Minnesota State Lottery.

The Racino would provide a one-time fee of $100 million to be paid to the state's general fund.

Approval of the local governing body would be required for the Racino.

The facility would be privately financed and would not require any state bonding or operating subsidies.

The Racino would create jobs and significant new state tax revenue as well as spur growth in the racing and show industries through increased racing purses and a new Olympic caliber show arena.

Without expanding the number of gaming locations, the Racino would help meet a quickly growing demand for gaming and entertainment by Minnesota residents and tourists.