Account Wagering

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Oregon Hub Handle Tops $13M for Quarter

The Oregon wagering hub first operated by NTRA Services and now in the hands of the TV Games Network handled $13,033,508 for the second quarter of this year, more than double the first-quarter handle and by far its best three months ever.

TVG, Horsemen Work on Purse Protection

As the California horse racing industry awaited action by Gov. Gray Davis on account wagering legislation, the TV Games Network and Thoroughbred Owners of California announced they had reached an agreement in principle to protect purses should live handle be negatively impacted by account betting.

Account-Bet Provisions Stripped From Arkansas Bill

Legislation that would grant Oaklawn Park a reduction in its pari-mutuel excise tax is back in the Arkansas Senate's Committee on Revenue and Tax after having failed to pass the Senate Thursday. The bill has already been amended to strike out language that would authorize Oaklawn and Southland Greyhound Park to engage in account wagering.

Account Wagering, Tax Reduction Bill Introduced in Arkansas

"Recognizing Oaklawn's significant contributions to tourism and retirement in Arkansas and an increased challenge to compete with race tracks in surrounding states," state senator Terry Smith (D-Hot Springs) filed a two-pronged pari-mutuel bill Thursday in an effort to protect Oaklawn's economic contributions to Arkansas. If passed, Senate Bill 602 would amend the state privilege tax rate on pari-mutuel wagering on horse racing, while also authorizing Oaklawn Park in Hot Springs and Southland Greyhound Park in West Memphis to conduct account wagering.

Purses, Account Wagering Bills on Track in New Jersey

A bill which would appropriate $18 million to purses at New Jersey racetracks is scheduled to go before a Senate committee on Thursday, where it is expected to pass, according to a Barbara DeMarco-Reiche, lobbyist for the New Jersey Thoroughbred Horsemen's Association, Inc. The monies would boost purses at the upcoming Monmouth Park meet, as well as the fall Meadowlands meet, to nearly $300,000 per day.

Judge Protects Beulah Park's Online Wagering

Beulah Park's online wagering service called Winticket.com got full approval by the Ohio State Racing Commission before the service was developed, said an Ohio judge. Therefore, the judge said, state officials cannot arbitrarily decide they want the service stopped until online wagering is further evaluated.

Philly Park Phone Bet to Cut Jersey Customers

Management at Philadelphia Park sent a letter to all of its Phonebet customers in New Jersey advising them that it expects to receive formal notice from the New Jersey Racing Commission to stop accepting their phone wagers. "Once the commission issues this formal directive (expected to be on Jan. 20), you will receive notice from us and all New Jersey accounts will be closed," the letter states.

TVG Makes Lexington Cable Debut Thursday

The TV Games Network will make its long-awaited debut on Lexington cable television Thursday. As usual, racing from Aqueduct, Calder Race Course, Fair Grounds, and Turfway Park will be offered in the afternoon. TVG has been available on cable television in the Louisville, Ky., market for two years, and before that, its predecessor, On Demand Services, offered live racing on cable TV in that market. In Lexington, Insight Communications has slotted TVG as Channel 5

Magna Gets Call-A-Bet System, Track in Ladbroke Deal

Magna Entertainment, the growing racetrack company run by Frank Stronach, has entered into an agreement with Ladbroke Racing and a subsidiary to purchase Ladbroke's Pennsylvania-based account wagering system ("Call-A-Bet"), the Meadows harness track, and four off-track betting facilities, plus an interest in the Racing Network satellite TV channel.

Congress Approves Horse Racing Legislation Before Adjournment

Before Congress adjourned Friday, legislation clarifying the Interstate Horseracing Act of 1978 regarding simulcast and account wagering was passed as part of a package of appropriations bills. The Internet Gambling Prohibition Act was not part of the legislation passed Friday and sent to President Clinton for his signature. The legislation, advanced by Senators Mitch McConnell and Jim Bunning, both Kentucky Republicans, and Rep. Hal Rogers, also a Republican from Kentucky, was sought to address concerns that arose as part of the internet gambling prohibition bill.

Raffetto Takes Key Role at Maryland Jockey Club

The Maryland Jockey Club announced Friday a reorganization of its executive board, including the hiring of Louis J. Raffetto, who will become the MJC's chief operating officer effective Jan. 1, 2001. The MJC also announced new titles and responsibilities for three current members of its board.

Breeders' Cup Deal With TVG Poses Questions

A deal that gives the TV Games Network the exclusive right to conduct interactive wagering on Breeders' Cup Championship Day races has left other account-wagering providers wondering how the decision will impact their ability to carry the Breeders' Cup program Nov. 4 at Churchill Downs.

Calfornia Veto Will Impact Pari-Mutuel Industry

California Gov. Gray Davis, who is opposed to the expansion of gambling in his state, has vetoed legislation that would have paved the way for account wagering. The decision is a blow to racetracks and account-wagering providers who hoped for serious growth in pari-mutuel handle.

Capital Concerns

By Ray Paulick -- It is not an exaggeration to say that the federal government's actions regarding Thoroughbred racing could be a matter of life and death for this industry.

The Cost of Reform

By Ray Paulick -- California Gov. Gray Davis will be doing the right thing by signing the account wagering legislation into law.

California Governor Considers Racing Bill

California Gov. Gray Davis is a pro-labor Democrat who has spoken out in opposition to the expansion of gambling in his state. That's why a bill passed in the waning hours of the 2000 California legislative session poses something of a dilemma to the first-term governor.

Assembly Passes California Account Wagering Bill

The nation's most populous state is one step closer to offering account wagering. In the waning hours of the 2000 legislative session on Thursday night, the California Assembly voted 56-6 in favor of a compromise bill permitting what it calls "advance deposit wagering" for pari-mutuel racing but also requiring backstretch reforms that could result in labor unions being represented among stable workers. Read the full text of the bill here.

Scramble on For Compromise in California

As an Aug. 31 deadline for legislative action neared, proponents of account wagering in California were busy trying to hammer out a compromise with union officials. Account wagering and the unionization of backstretch employees are linked through two separate pieces of legislation.

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