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.
The decision by Churchill Downs Inc. to drop a longstanding insurance agreement with the Jockeys' Guild could have ramifications in California for the company's advance deposit wagering firm TwinSpires.com.
A Nov. 19 discussion of proposed regulations for advance deposit wagering in Kentucky drew calls for disclosure of revenue and concerns over the impact ADW is having on purses in the state.
As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.
Most Popular Stories
- Dortmund Wins Dramatic Los Alamitos Futurity
- Leading Laurel Rider McCarthy Breaks Wrist
- Asmussen, Albarado Team for Four-Win Day
- Favored Act of War Captures Cape Guineas
- CHRB Eyes Scratching of Unreported Geldings
- California Chrome Drills at Los Alamitos
- Bayern Turns in Bullet Move at Santa Anita
- Rodenticide Linked to Six Sudden Horse Deaths
- Old Friends to Receive Special Eclipse Award
- Travis Stone Named Churchill Downs Announcer