The United States Senate Finance Committee completed its work on a tax extender bill in a July 21 markup session and approved the resulting document by a 23-3 vote, the National Thoroughbred Racing Association reported.
The United States Department of Treasury and Internal Revenue Service were told June 17 that current regulations related to the tax withholding and reporting of pari-mutuel winnings are "unfair and totally burdensome."
Alex Waldrop, president and chief executive officer of the National Thoroughbred Racing Association, will address proposed changes to regulations on the taxing of pari-mutuel wagers at a June 17 hearing in Washington, D.C.
After a slow start that required a push for broad industry participation, the NTRA June 3 said more than 11,600 comments were submitted to the United States Department of Treasury on wagering tax changes.
The Daily Racing Form/NTRA National Handicapping Championship presented by Racetrack Television Network and Treasure Island Las Vegas, will be held Jan. 28-30, 2016.
Jeff Burch has been named senior vice president of NTRA Advantage, the National Thoroughbred Racing Association's group purchasing arm.
Industry participation in the effort to win pari-mutuel tax withholding modernization has helped push the number of comments submitted to the federal government to about 9,500 as of May 26.
The National Thoroughbred Racing Association is urging horseplayers and other industry stakeholders to submit comments in support of modernization of gambling withholding and reporting to the U.S. Department of Treasury.
- By Tom LaMarra
Industry organizations May 1 came out in opposition to legislation that would repeal the Interstate Horseracing Act because of alleged cheating in horse racing, with one group calling it a shameless publicity stunt.
The National Thoroughbred Racing Association said its fiscal year that ended Jan. 31 produced net revenue of $190,340, the third consecutive year in which revenue outpaced expenses.
The National Thoroughbred Racing Association continues to move forward on work to reform tax rules on withholding and reporting with respect to pari-mutuel winnings and is calling for industry support of these efforts.
Long after his physical presence is gone, we will still find the spirit of Allen Jerkens in the people he touched, and in the way they treat their horses because of his influence.
Sunland Park Racetrack & Casino earned reaccreditation from the National Thoroughbred Racing Association's Safety and Integrity Alliance, the NTRA announced March 19.
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.
The National Thoroughbred Racing Association has unveiled its federal legislative agenda for the 114th Congress, including tax matters, internet gaming, immigration, and racehorse drug and medication regulation and testing.
Two federal agencies have issued a notice that opens the door to the possible addition of pari-mutuel gambling winnings to updated reporting and withholding requirements being developed for bingo, keno, and slot machines.
Lenny Shulman talks with Randy Gullatt of Twin Creeks Farm about Constitution, Mission Impazible, Graydar, Dubai, & business partner Steve Davison. Lenny also touches on TVG and the NTRA. Presented by Hill 'n' Dale Stallions watch video
Horse PAC, the bipartisan political action committee of the NTRA, announced Feb. 25 it has surpassed the $3 million mark in total disbursements to federal political candidates and parties since its 2002 inception.
The National Thoroughbred Racing Association announced Feb. 9 it has launched a nationwide search for its next executive director of the NTRA Safety and Integrity Alliance.
National Thoroughbred Racing Association officials met with a representative of the United States Department of Treasury Jan. 28 to discuss the racing industry's efforts to alter the pari-mutuel withholding tax structure.
A record field of 606 entrants will compete for more than $2.36 million, the largest purse in handicapping tournament history, and an Eclipse Award at the 16th National Handicapping Championship Jan. 23-25.
Bryan Pettigrew has been named to the position of Breeders' Cup senior vice president, marketing and sponsorship, it was announced Jan. 20. Pettigrew, who will be based in Lexington, will begin his duties Feb. 2.
Celebrating the winners of the 2014 Eclipse Awards. view slideshow
Churchill Downs Inc. announced Jan. 16 that Mike Ziegler has been named to its new post of executive director of racing. Ziegler will assume his position Jan. 26 and will report directly to CDI president Bill Mudd.
California Chrome's victory in the Kentucky Derby Presented by Yum! Brands (gr. I) was voted the 2014 National Thoroughbred Racing Association Moment of the Year.
The Groom Elite Program is undergoing a restructuring to meet increased demand for its services, officials said Jan. 15.
The NTRA, Lockton Insurance Brokers, and Burns & Wilcox Brokerage have completed development of a new jockey accident coverage insurance program for racetracks that aims to offer enhanced coverage.
Since moving to South Florida in 2012, the slate of events during the week leading up to the Eclipse Awards has expanded.
Finalists for the 2014 Eclipse Awards were announced Jan. 7 on HRTV at Santa Anita Park in Arcadia, Calif. Bayern, California Chrome, and Main Sequence were named as finalists for the Horse of the Year title.
The nonprofit Thoroughbred retirement center Old Friends will be presented the Special Eclipse Award at ceremonies Jan. 17 at Gulfstream Park in Hallandale Beach, Fla.
Capping an extraordinary career as one of North America's premier race track announcers and one of the most popular personalities in Thoroughbred racing, Tom Durkin will be honored with the Eclipse Award of Merit.
- By Blood-Horse Staff
- Racing, Northeast Region, Midwest Region, Southeast Region, Southwest Region, West Region, Kentucky, Mid-Atlantic
A provision that retroactively extends three-year tax depreciation for all racehorses was passed by the United States Senate late Dec. 16.
Online voting is now open at the National Thoroughbred Racing Association website for the 16th annual Moment of the Year.
The National Thoroughbred Racing Association Safety and Integrity Alliance has re-accredited Laurel Park for two years.
The National Thoroughbred Racing Association said Dec. 11 the 2015 Daily Racing Form/NTRA National Handicapping Championship Tour will offer record prize money of $250,000, up 25% from 2014.
The National Thoroughbred Racing Association announced Dec. 10 it has an agreement with Lockton Insurance Brokers to offer a new risk-management and employee benefits program for the industry.
The National Thoroughbred Racing Association announced Dec. 5 that the NTRA Advantage program has surpassed the $700 million mark in sales of goods and services since the inception of the group purchasing arm in 2002.
Jeannine Edwards, a sports broadcaster for ESPN and ABC, will host the Eclipse Awards presentations Jan. 17 at Gulfstream Park Racing & Casino in Hallandale Beach, Fla.
The wide-open race for Horse of the Year should make the 2015 annual Eclipse Awards dinner an intriguing event.
Golden Gate Fields has earned re-accreditation from the National Thoroughbred Racing Association's Safety and Integrity Alliance, the NTRA announced Oct. 9.
Unless horse racing first reaches industry consensus on medication reform, the National Thoroughbred Racing Association does not expect Congress to move forward on federal medication legislation.
The National Thoroughbred Racing Association Aug. 8 announced four new appointees to the organization's board of directors unanimously elected at the morning's quarterly board meeting in Saratoga Springs, N.Y.
Advocates for change in horse racing didn't find much reason for optimism in the National Thoroughbred Racing Association's legislative update held in Saratoga Springs Aug. 7.
The National Thoroughbred Racing Association has scheduled three legislative briefings in August and September. The first one will be held Aug. 7 at Fasig-Tipton in Saratoga Springs, N.Y.
Dr. John Ferraro, a 65-year-old oncologist from Clifton Park, N.Y., won a fractional interest in a 2-year-old racing prospect syndicated and managed by Sovereign Stable in a prize drawing held July 17.
The 28-page report includes NTRA's audited financial statements. For fiscal year 2014, covering the period Feb. 1, 2013 through Jan. 31, 2014, the NTRA's net revenue was $667,477, which represents a $600,627 improvement.
Indiana Grand Racing & Casino in Shelbyville, Ind., has earned accreditation from the NTRA Safety and Integrity Alliance, it was announced June 25.
Estimated prize money for the National Handicapping Championship finals in 2015 will total $2 million, up about 25% from this year, officials said June 19.
The National Thoroughbred Racing Association June 5 reported growing support for its effort to change the way pari-mutuel winnings are calculated for tax purposes.
The NTRA said June 3 members of Congress have asked the U.S. Department of Treasury to clarify regulations on the taxing of pari-mutuel wagers. The trade organization also is asking bettors to support an online petition.
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