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
- Oaklawn Reaches Agreement With United Tote
- Los Alamitos Schedules California Chrome Day
- Keeneland to Handle VinMar Dispersal
- Longtime Voice of Fairmount Park to Retire
- Arrogate Blazes to Travers Record
- What's Going On Here: It Ain't All Flowers
- Review: Spa Surface Not Factor in Fatalities
- Baffert Reflects on Arrogate's Travers Romp
- 360 Cataloged for Fasig-Tipton Midlantic Sale
- BH 100: Rapping at Derby's Door