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
- Songbird All Heart at Saratoga
- Stonestreet: Rachel's Valentina Retired
- 'Chrome' Edges Dortmund in Del Mar Battle
- 'Chrome' Back to Los Al After San Diego Win
- Beholder Work Moved After Del Mar Breakdowns
- Nyquist Logs Final Work for Haskell
- Hard Aces Too Tough in Cougar II
- Beholder Brilliant in Del Mar Breeze
- Parx Cancels Given Excessive Heat Warning
- Lanerie Scores Unusual Double at Ellis Park