An agreement has been reached to allow wagering on Maryland Jockey Club racing by three leading advance deposit wagering companies, ending a standoff with horsemen that threatened to shut off related signals.
The agreement, which was announced April 7, was reached between MJC, the Maryland Thoroughbred Horsemen’s Association, and a trio of national ADWs -- Twinspires.com, XpressBet.com, and Youbet.com. The MTHA had threatened in mid-March to withdraw its consent for the ADWs to carry the signal unless new agreements were reached.
Details of the agreement were not released, but a news release put out jointly by MJC and the MTHA said it would “cover all wagers placed on live races conducted by the Maryland Jockey Club, as well as wagers placed by Maryland residents on out-of-state races.”
MTHA president Richard J. Hoffberger said in the release that terms of the agreement are "fair, address our joint concerns about the economics of racing, and will benefit all parties.” MJC president and chief operating officer Tom Chuckas added that the “ability of Maryland residents to wager on our local product and out-of-town races is paramount to us.”
An official with TrackNet Media Group, which negotiates content deals for Twinspires and XpressBet, confirmed the deal when reached for comment.
“We are pleased that we have not only arrived at a solution that all parties have accepted, but has also resulted in broad distribution,” said TrackNet president Scott Daruty.
The Laurel Park winter meeting ends April 11 with the Pimlico Race Course spring stand starting April 18.