BloodHorse.com | Horse Racing News

Study is Positive on U.S. Exchange Betting

A study commissioned by the TVG network has concluded that "exchange wagering provides an important option to grow the audience and participation in the sport in the U.S."

Technology and the Racing Fan

People want convenience, low prices, and a game that is easy to learn and play; exchange wagering fits that description.

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Status Quo, 'Welfare' Mentality Big Threats

If the horseracing industry fails to make voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling and entertainment marketplace, officials said Oct. 13.

Lottery Dwarfs Racing Revenue to States

Gambling sources provide more than $25.4 billion to state and local governments, according to most recent figures, but taxes on pari-mutuel wagering provided just a little more than 1% of that total.

Panelists: Don't Blame Product for Racing's Woes

A few consultants and racing executives said they believe the product of horse racing is fine, but the industry as a whole may not know what to do with it.

Simulcast Conference to Address Internet Wagering

Originally scheduled to take place in New Orleans, the International Simulcasting Conference kicked off Monday afternoon in San Diego with discussions focusing on the future trends in gambling and the growing presence of Internet wagering.

Simulcast Conference, Originally Set for New Orleans, Relocates to California

The Thoroughbred Racing Associations, co-sponsor of the International Simulcast Conference, has secured the Hilton La Jolla Torrey Pines in California as the new location for its 13th annual conference on simulcasting. The devastating effects of Hurricane Katrina to New Orleans, the conference‚s original site, forced the relocation.

Debate on Betting Exchanges Heats Up

Chris Schef, executive vice president of Thoroughbred Racing Associations, said the U.S. racing industry can't afford to allow Internet betting exchanges to continue to infringe illegally, and suggested the industry form its own exchange to monopolize the U.S. market.

Slow Growth in North American Purses

The boom from simulcasting is over and North American purses are now growing progressively slower every year like a freight train struggling up a mountain pass. The problem this time around is that the next mountain peak may still be a ways off, and the downhill side does not appear to be very steep.