A document outlining upcoming federal regulatory actions released July 20 by The White House indicates that modernized tax guidance relating to withholding and reporting of pari-mutuel winnings is nearing enactment.
Industry groups in Pennsylvania will stay vigilant after Governor Tom Wolf on July 10 allowed an underfunded budget to become law without his signature.
A U.S. House of Representatives committee on June 9 encouraged the changes in language to tax laws that would allow winning players to hold on to more of their money.
North American Pick 6 wagering records were set March 26 at Gulfstream Park, spurred by a scheduled 20-cent Rainbow 6 mandatory payout that yielded a payoff of $89,456.54 to the 147 ticket-holders with all six winners.
A New York law banning racing and pari-mutuel wagering activities in the state on Palm Sunday, which dates back to the days when Richard Nixon was president, has been overturned.
After determining that daily fantasy sports sites FanDuel and DraftKings are violating state law, the New York attorney general sent cease and desist letters to both websites.
Bettors on track and at simulcast outlets across the country will have an incentive at Suffolk Downs Oct. 3: The pari-mutuel takeout to a rate has been lowered to 15% across the board.
Texas legislators need to legalize ADW and OTBs. read blog
New York state regulators have modified a couple of ways in which wagering on Thoroughbred races is conducted as part of an effort to boost field size and revenues for the industry.
Triple Crown winner American Pharoah is pegged at 3-5 odds with Television Games Network and parent company Betfair to stand for a fee between $175,000 and $200,000 during his first season at Coolmore's Ashford Stud.
J. Keeler Johnson handicaps the Stephen Foster Handicap (gr. I) at Churchill Downs. read blog
A judge has thrown out a civil lawsuit over $1.65 million in alleged gambling debts against the owner of American Pharoah, Ahmed Zayat.
Ahmed Zayat, owner of dual classic winner and Triple Crown hopeful American Pharoah, said a lawsuit seeking to collect from him $1.65 million in gambling debts amounts to extortion.
In a year that has seen total handle on historical racing in Kentucky surpass $1 billion since its September 2011 launch, interest continues to be strong.
A day before the Florida Derby, indications are that Gulfstream Park could be headed for a huge day in wagering and other business.
- By Frank Angst
- Thoroughbred Racing, Handicapping, International, Southeast Region, West Region, Kentucky
While it's difficult to determine if their efforts are making much of a dent in illegal bookmaking in the U.S., federal law enforcement officials have been busy the past few years prosecuting these sports wagering operations.
A federal jury in Oklahoma City convicted three Florida men and a Florida corporation today for their participation in an illegal international gambling and money laundering enterprise.
According to a Thoroughbred Racing Associations study, money from added-gaming sources now accounts for more than one-third of the purse money awarded in U.S. Thoroughbred racing.
In November Colorado voters will decide if Arapahoe Park will be allowed to add casino-type gambling. The Denver Post reports Colorado Secretary of State Scott Gessler determined enough signatures had been submitted.
The Global Gaming Almanac provides 746 pages of comprehensive, up-to-date market summaries, financial data, statistics, and profiles of properties, owners, and regulators for 215 international gaming jurisdictions.
A Kentucky newspaper is reporting that the Kentucky House Speaker does not expect state lawmakers to move forward on any bills that would expand gambling in the state.
Kentucky lawmakers will have another option when considering a possible constitutional amendment to place before voters that would pave the way for casino gambling.
Instant Racing may not be ideal, but it may be all Kentucky gets.
NTRA president Alex Waldrop sees little chance of federal legislation to allow expanded Internet wagering any time soon but he does believe that states will continue to take the lead on the issue.
Kentucky's chances at a casino bill in 2013 appear slim. read blog
New York lawmaker John Bonacic is opening the door to permitting more casinos in the state than the maximum of seven facilities being eyed by the governor and the legislature.
Though the gambling amendment was defeated, there are signs of positive change in the Kentucky legislature. read blog
The solution is and has always been about building a better product to a new generation. Read Blog
Racing is risking the loss of fans by complicating the core purpose of attendance, which is betting. Read Blog
There's a new president in town, and a Congress even more dominated by Democrats, but one of the nation's top lobbyists for equine interests said April 30 that the horse industry must be ever-diligent about protecting and advancing its positions in Washington, D.C.
American Horse Council president James J. Hickey Jr. briefed attorneys May 1 on legislative actions in Congress during the 23rd National Conference on Equine Law, but he also handicapped the immediate passage chances of a couple of them as remote.
With three months to go before the 2006 Kentucky General Assembly convenes in Frankfort, Lt. Gov. Steve Pence told a group of lawmakers and lobbyists Sept. 27 not to expect Republican Gov. Ernie Fletcher and his administration to be out in front on the casino gambling issue.
Proponents of expanded gaming in Kentucky should focus more on how it would generate revenue for the good of the Commonwealth, rather than how it would impact horse racing, Keeneland president Nick Nicholson said Tuesday at a public policy forum in Versailles, Ky.
- By Dan Liebman
By Dan Liebman -- In Florida for a few days this past winter, Gulfstream Park was an obvious place to spend a couple of hours. Keeping in mind Florida is a leading retirement center, it was no surprise that the average age of the patrons at the track that day was similar to that necessary to receive a "Here's Your Medicaid Card" welcome.
A group of truckstop casinos near Vinton, La., want the state Gaming Control Board to determine if 100 video poker machines at the Delta Downs slot-machine parlor are legal.
By Evan I. Hammonds -- The history of legalized gambling in the United States is a study of cyclical boom and bust. Where is America's mood today on the high seas of betting? It's riding the crest of the wave.
- By Tom Precious
As racetracks continued to insist they can't make money off New York's new video lottery terminal program, Gov.George Pataki released a state budget proposal that for the first time projects revenue for government from the gambling devices.
- By Ray Paulick
By Ray Paulick -- The expansion of gambling in the U.S., though it may have slowed in recent years, has not run its course.
A push is under way in California for expanded gaming at proposed casinos or any outlet that currently holds a gaming license, including racetracks, according to published reports.
- By Tom Precious
Officials in New York are closing in on a historic gambling package that would give some racetracks video lottery terminals, permit up to six Indian-owned casinos in western New York and the Catskill Mountains, and expand the
state's lottery offerings.
- By Tom LaMarra
Negotiators are closing in on a deal that could lead to legislation vastly expanding gambling in New York, including authorization for some racetracks to offer video lottery terminals.
The horse racing industry is concerned a resolution that could be introduced in a Kentucky General Assembly committee could lay the foundation for tribal gaming in the commonwealth.
A comprehensive overhaul of Indiana's gaming laws, including a provision to allow electronic pull-tab machines at Churchill Downs-owned Hoosier Park, was approved Wednesday by a House committee. The proposed legislation passed on an 11-3 vote by the House Public Policy Committee is designed to alter state laws allowing dockside gambling for the state's riverboat industry.
By Dr. Curtis L. Barrett -- The NTRA and AQHA have endorsed an Employee and Patron Responsible Wagering Initiative and will urge their member and supporting organizations which conduct wagering to adopt and implement this initiative in their facilities.
- By Ray Paulick
By Ray Paulick -- For California's career politician, Gov. Gray Davis, it's politics as usual.
- By Ray Paulick
By Ray Paulick -- It is not an exaggeration to say that the federal government's actions regarding Thoroughbred racing could be a matter of life and death for this industry.
- By Ray Paulick
By Ray Paulick -- From New York to California and most places in between, state governments -- with few exceptions -- have not been very good friends or partners to racing.
The House Banking and Financial Services Committee passed the federal Internet Gambling Funding Prohibition Act.
In what has been labeled the largest shutdown of legalized gambling in this country's history, the plug will be pulled on some 22,000 slot machines in South Carolina as of midnight Friday.
The National Thoroughbred Racing Association and the American Horse Council have told a House subcommittee that interstate, common-pool simulcasting is legal by law, and that passage of HR 3125 would merely allow the pari-mutuel industry to continue business as usual.
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