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
- Nyquist's BC Work Less Than Ideal
- California Chrome 'Fit' for BC After Work
- Breeders' Cup Pre-Entries Total 185
- Beholder, Frosted Drill at Santa Anita
- Living The Life Retired, Won't Run in BC
- Rachel Alexandra Breeder Morrison dies
- Getting Started on Breeders' Cup Handicapping
- Charismatic Moving to Old Friends
- Songbird Logs Final Breeze for Distaff
- Breeders' Cup Race Order, Wagering Options