Pulling the reins on (Virginia) gambling By Daily Press July 18, 2018 at 3:01 pm Virginia’s canter toward new forms of gambling has become a full gallop as the state considers historical horse racing The Virginia Racing Commission bucked the reins of restraint this past week, announcing it may allow as many as 3,000 historical horse racing terminals in the commonwealth. The terminals would be placed at Colonial Downs and off-track betting parlors across Virginia. Localities with populations above 120,000 would be allowed to apply for as many 700 machines each, while fewer terminals would be placed in smaller towns and counties. Let us put that in perspective. Kentucky, with its well-established horse racing industry and iconic tracks including Kentucky Downs and Churchill Downs is home to 1,755 historical horse racing machines.