"Purpose-driven" gaming is historical racing that supports defined causes. Revenue from the games will primarily go to buying new bulletproof vests and body armor for law enforcement officers.
Racing's economic model was discussed as advance-deposit wagering continues to account for a larger share of pari-mutuel handle.
It's early in the process but because the wording in a current Florida Senate bill would potentially outlaw ADW, industry leaders have quickly weighed in to make sure legislators understand how devastating that outcome would be for horse racing.
A crucial issue regarding how pari-mutuel takeout is distributed for racing in California was discussed, at times contentiously, during a California Horse Racing Board Pari-Mutuel and Wagering Committee meeting Dec. 14 at Los Alamitos Race Course.
In late November, the Kentucky Horse Racing Commission approved a rule that would require ADWs that operate in the state acquire a bond of up to $500,000 as a condition of licensing.
In a record-breaking third quarter, Churchill Downs reports a 107% increase in net income when the three months ending Sept. 30 are compared with the same three months last year.
Minnesota officials said advance deposit wagering legislation passed recently by lawmakers will provide an estimated $1.5 million in revenue that will be re-directed to horse racing and breeding in the state.
The New York Racing Association announced May 17 its national advance deposit wagering platform will be available in July to coincide with the 2016 Saratoga Race Course meet.
TVG, a leading advance deposit wagering provider, said human error was responsible for a May 7 systems breakdown that halted online wagering for more than two hours during the running of the Kentucky Derby (gr. I).
The diversification of racetrack and gaming company Churchill Downs Inc. not only has improved the company's bottom line, it also has provided some expertise from one segment to another.
TwinSpires.com, one of three advance deposit wagering systems licensed to accept bets from Virginia residents, had its license suspended by the Virginia Racing Commission effective Dec. 18.
Ken Kirchner, a former regulator in Pennsylvania, was hired by Breeders' Cup as a consultant in 1996, and since that time has overseen wagering formats, simulcast expansion, and elevating the product with bettors.
Legislation authorizing advance deposit wagering is on the wish list for a group of racing industry stakeholders in West Virginia, according to a report that was approved by a committee.
A group of West Virginia racing stakeholders has prepared a report on the state of the industry and makes suggestions on how to improve the economics, but when it is approved remains to be seen.
Texas legislators need to legalize ADW and OTBs. read blog
The West Virginia racing industry will pursue several initiatives during the 2016 legislative session, including statutory changes that would lower the minimum number of racing dates for which tracks must apply each year.
Racing stakeholders fully understand that having sports betting at tracks in West Virginia is a 90-1 shot. But other things like off-track betting are a bit more realistic as they fashion a wish list to increase revenue.
In its fiscal year financials filed June 17, parent company Betfair reported a strong year for its U.S. advance deposit wagering operation and racing channel, TVG.
Rhetoric interferes with equity regarding ADW in Indiana. read blog
The Illinois Racing Board May 19 approved summertime racing at two state fairs and one county fair amid uncertainty about funding from the cash-strapped state and a wrangle about advance deposit wagering.
Churchill Downs Inc. has filed suit against Daily Racing Form, alleging the company's DRF Bets wagering service violated the Interstate Horseracing Act when it took bets on this year's Kentucky Derby and Oaks.
Saying the bill would have expanded gambling in Indiana, Gov. Mike Pence has vetoed a bill that would have allowed state residents to use advance deposit wagering to bet on horse races.
The Maryland Jockey Club's Pimlico Race Course and online wagering provider Xpressbet have announced that Xpressbet will serve as the title sponsor of the Preakness Stakes (gr. I).
The Washington Horse Racing Commission granted an advance-deposit wagering license to 123Gaming to operate 123bet.com at its monthly meeting April 17.
The Virginia Equine Alliance said April 10 that efforts to lease Jeff Jacobs' Colonial Downs property to conduct racing had ceased after the track owner rejected two offers.
Although other advance-deposit wagering options in Virginia remain, Colonial Downs announced April 7 that it will immediately shut down its EZ Horseplay ADW site.
Advance deposit wagering via phone began Jan. 31 in Arizona, according to the Arizona Department of Racing. However, for the time being, residents of Pima County won't be permitted to wager on Thoroughbred races.
Keeneland has moved closer toward launching historical race wagering both in Lexington with harness track partner The Red Mile and on a planned new Quarter Horse track in the Corbin, Ky. area.
Following the controversial non-call in the $5 million Breeders' Cup Classic (gr. I), the California Horse Racing Board appears ready to change the rule that led to the decision. But it may take awhile.
The Kentucky General Assembly Interim Joint Subcommittee on Horse Farming was given a generally positive update on the status of the racing and breeding industry in the state Nov. 12 in light of years of declines.
Alan Landsburg, a television writer, producer, and director who in later years focused on improving horse racing as a California Horse Racing Board commissioner and industry leader, died Aug. 14 at the age of 81.
Advance deposit wagering and historical race wagering are on the West Virginia Racing Commission's legislative wish list for 2015.
An investigation by the California Horse Racing Board has determined that two state-licensed advance-deposit wagering providers are currently offering or allowing players pools in violation of California law.
Like its parent company Betfair, TVG enjoyed a strong 12 months for the fiscal year ended April 30, according to financials released June 11. TVG saw handle increase 33% to $74.76 million.
Attendance for the May 17 Preakness Stakes (gr. I) was believed to be about 117,000 as of 3 p.m. EDT with hopes by management that the final tally will be even higher.
TVG said it posted significant gains in wagering for the May 3 Kentucky Derby Presented by Yum! Brands (gr. I) program.
Iowa has removed a restriction requiring Iowa-registered stallions to be owned by in-state residents, and breeders believe the legislative change with foster growth in the program.
The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.
Racing's tote system is hampering growth read blog
Increasing purses and reducing costs were primary topics at the Thoroughbred Owners of California open forum held at Santa Anita Feb. 8.
With Colonial Downs and the Virginia HBPA failing to reach a contract agreement on this year's race schedule, the track has decided to temporarily close several off-track betting locations.
Acting under a looming deadline, the Illinois legislature Jan. 29 reauthorized advance deposit wagering in the state, staving off a draconian cut in 2014 racing dates.
Illinois racing remained on the brink of virtual extinction as the state legislature took no action Dec. 3 on a bill that would have provided funding to run a full 2014 schedule.
A mini-break in Santa Anita's 2014 dates, an agreement to allow HRTV and TVG to broadcast all major California racetracks, and reduced takeout on Santa Anita's Daily Double wagering were discussed at the Nov. 21 CHRB meeting.
Illinois horsemen and representatives of the state's racetracks and Advance Deposit Wagering providers have reached agreement on an extension of ADW for three years.
Regulators who believe advance deposit wagering companies are not paying their fair share to the industry squared off against ADW reps who noted that added taxation could slow the success of a growing portion of the industry.
NTRA president Alex Waldrop sees little chance of federal legislation to allow expanded Internet wagering any time soon but he does believe that states will continue to take the lead on the issue.
The Thoroughbred Racing Protective Bureau has secured widespread support for its new Tote Security System it will launch next month with plans for full implementation early next year.
The Illinois Racing Board approved four alternate schedules Sept. 24 for 2014 racing with legislative action--or inaction--left to determine which one is put into effect.
The Illinois Racing Board, over the strong objections of horsemen groups, approved an application from Maywood Park July 25 to act as its own Advance Deposit Wagering licensee.
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