I don't understand the purpose of this bill...but a little background...

The horse racing industry is losing mucho bucks to the riverboats. It seems that gamblers bet less on the ponies when they can visit the riverboat instead. The Thoroughbred Association is running ads on TV now (sorry Dave ;-) ) showing an obnoxious "Hoosier" bragging about all the new schools and roads in Indiana that Kentuckians have helped fund through gambling taxes. Another little known fact that makes the submarine story even more interesting is that Kentucky owns all of the river. Most boundaries between states are in the middle of the river. There are even a few cases where Kentucky actually owns land on the northern bank, the waterline at a certain date in history.

I hadn't heard about the submarines though. But of course I'm not at all surprised. ;-)