MJC Reports Handle Increase at Laurel Meet
Total pari-mutuel handle during the Laurel Park summer meet that ended Aug. 21 increased 20.2% from the comparable meet in 2015, according to Maryland Jockey Club statistics.
Pari Mutuel Handle
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NYRA Board Touts Progress in Face of Delays
The New York Racing Association's return to re-privatization may be in a holding pattern, but NYRA is hardly standing still as it waits to learn what the next iteration of organization will look like.
CDI Reports 27% Increase in Net Income
Continued growth in the week leading up to the Kentucky Derby Presented by Yum! Brands (gr. I) fueled an increase in earnings for the racing segment of Churchill Downs Inc. in the second quarter of 2016.
PA Report Shows Impact of Slots on Purses
Statistics in the Pennsylvania Horse Racing Commission annual report for 2015 reflect how integral revenue from slot machines is to purses for Thoroughbred and Standardbred racing at six racetrack casinos in the state.
Quick Jump Out of the Gate for Del Mar
Officials at Del Mar reported increases in attendance and pari-mutuel handle for the California track's opening three-day weekend.
Indiana Grand Sets All-Time Handle Record
Indiana Grand Racing & Casino established pari-mutuel handle and attendance records July 16, when it offered a 10-race program featuring the $500,000 Indiana Derby (gr. II).
Congressmen Push Pari-Mutuel Tax Changes
Two members of Congress who support pari-mutuel tax changes submitted a joint letter July 12 urging the United States Department of Treasury to finalize new language.
Attendance Up, Handle Down at Santa Anita
Santa Anita Park reported a 3% increase in on-track attendance and a 5% decrease in all-sources pari-mutuel handle for its 99-day winter/spring meet, which ended July 10.
Woodbine: Record Handle for Queen's Plate
Woodbine reported its July 3 Queen's Plate program produced pari-mutuel wagering records and the second-highest attendance in the 157-year history of the race.
Night Racing Debuts at Albuquerque; Handle Up
A switch to night racing helped produce large business gains for Albuquerque Downs Racetrack & Casino in New Mexico for the first program of its 2016 meet June 25.
Phantom Dollars Flood Track's Double Pool
A computer glitch linked to United Tote resulted in more than $100,000 in bogus wagers pouring into a daily double pool in late April at Plainridge Park, a Massachusetts Standardbred track.
MI Legislation Offers Some Hope for Racing
Michigan lawmakers have passed legislation designed to improve the condition of the struggling pari-mutuel horseracing industry, which is down to two racetracks in the state.
Belmont Stakes Handle Takes a Dip
With no Triple Crown on the line this year, betting on the Belmont Stakes presented by NYRA Bets (gr. I) was well off the 2015 figure when American Pharoah capped his historic run.
New Minnesota Law Authorizes Account Wagering
Minnesota officials said advance deposit wagering legislation passed recently by lawmakers will provide an estimated $1.5 million in revenue that will be re-directed to horse racing and breeding in the state.
Churchill Downs Bumps Overnight Purses 4%
Because of an increase in pari-mutuel revenue from Kentucky Derby (gr. I) week business, Churchill Downs June 1 said it will increase overnight purses by 4% for the remainder of its spring meet, which ends July 2.
NYRA Board Awaits Action on Legislation
As it waits for a decision on the future of the New York Racing Association, the organization's board of directors May 25 spent less than five minutes discussing rumors of a proposal that would keep the association under state control.
MJC: Preakness Set Handle, Attendance Records
The Maryland Jockey Club reported attendance and total pari-mutuel handle records for the May 21 Preakness Stakes (gr. I) program at Pimlico Race Course.
Stronach Group Has Deal to Buy Rosecroft
The Stronach Group May 16 said it has entered into an agreement to purchase Rosecroft Raceway, one of two harness tracks in Maryland and a major off-track wagering outlet for Thoroughbred racing, from owner Penn National Gaming Inc.
Average Daily Handle Jumps at Laurel Park
Average daily pari-mutuel handle for the recent Laurel Park meet increased 34.6% from the comparable meet in 2015, the Maryland Jockey Club reported May 10.
Final Meet Numbers Show Growth at Keeneland
Keeneland May 2 released final spring-meet numbers that show growth in on-track wagering and field size for the 16-day meet that ended April 29.
CDI Reports Productive First Quarter
In advance of what it anticipates will be another successful Kentucky Derby (gr. I) week, Churchill Downs Inc. April 28 reported net income of $2.8 million for the first quarter of 2016.
PA Report: Slots Provide Almost 90% of Purses
More than $228 million was accrued for purses at six Pennsylvania racetracks in 2015 with almost 90% of the funds derived from slot machine revenue, according to an annual report that analyzes the racetrack gaming industry in the state.
Gulfstream Sets Total Handle Record for Meet
Gulfstream Park reported record total pari-mutuel handle of $807 million for its 85-day Championship meet that concluded April 3. Average daily handle was $9.49 million.
Gulfstream Reports Handle Record of $32.09M
Gulfstream Park reported record total pari-mutuel handle of $32.09 million for its 14-race Xpressbet.com Florida Derby (gr. I) program April 2.
More Than $10.7M Wagered on Rainbow 6
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.
Gulfstream Predicts Major Rainbow 6 Pool
A mandatory payout of the entire 20-cent Rainbow 6 pool is set for the March 26 program at Gulfstream Park, where the carryover jackpot for the popular multi-race wager swelled to $4,503,332.31 the previous day.
Host of Gambling Issues On Table in New York
Racing and gambling matters are still in play in New York as the governor and lawmakers try in the coming week to put the finishing touches on a new state budget.
Tampa Sets Handle Record for One Program
Full fields, three graded stakes, and quality horses helped Tampa Bay Downs register record total pari-mutuel handle for one program March 12. More than $12 million was wagered on 12 races.
NYRA Board Preparing Privatization Plan
The New York Racing Association is preparing to return to private control, board chairman Michael Del Giudice said at a meeting of the association's board of directors March 10 in New York City.
Total Handle, Purses Up in February
Commingled pari-mutuel handle on United States races in February was up 6.43% from the same month in 2015, according to the Thoroughbred Racing Economic Indicators released by Equibase March 4.
Oaklawn Announces Second Purse Increase
With on- and off-track pari-mutuel wagering both up at the halfway point of its 2016 meet, Oaklawn Park has again raised overnight purses, this time by up to $5,000 a race.
HBPA Forum: Are Biggest Bettors Demonized?
The impact big bettors have on pari-mutuel handle and the resulting revenue, as well as the need to recognize that horse owners are bettors, too, was the focus of a Feb. 4 forum during the National HBPA convention in Florida.
IL Group Restates Opposition to Rule Changes
The Illinois Thoroughbred Horsemen's Association Jan. 24 said proposed changes in state racing regulations, as well as another rule that allows racetracks to "recapture" purse money, "threaten to crush" horse racing.
U.S. Standardbred Handle Up Slightly in 2015
Total wagering on Standardbred races in the United States was, like betting on Thoroughbred racing, up slightly in 2015 compared with the previous year.
Handle Inches Up, Purses Drop Slightly
Despite more than 2,300 fewer races compared with 2014, commingled pari-mutuel handle on United States races inched up 1.18% to $10,676,223,640 in 2015. It is the first year-over-year increase since 2012.
Live Handle Up at Maryland Tracks in 2015
The Maryland Jockey Club reported a healthy increase in total live pari-mutuel handle at Laurel Park and Pimlico Race Course in 2015 despite two fewer racing days compared with 2014.
Records Fall at Mahoning Valley Race Course
On a day in which Hollywood Gaming at Mahoning Valley Race Course posted record single-program pari-mutuel handle of $1,182,223, a record payoff of $415.20 for a $2 wager provided a trainer with her first-ever career victory.
Sunland Snowed Out After Good Start
The 2015-16 meet at Sunland Park Racetrack and Casino got off to a good start, but it was sidetracked Dec. 27 when live racing was canceled because of a winter storm that dumped more than nine inches of snow on the area.
Los Alamitos Handle, Purses Increase
Los Alamitos Race Course ended its second winter Thoroughbred meet Dec. 20 with a 2.3% increase in all-sources pari-mutuel handle over the inaugural season in 2014.
NYRA: Handle, Attendance, Income Increase
At the end of a year that saw record-breaking wagering and attendance, the board of directors of the New York Racing Association Dec. 9 celebrated success while at the same planning conservatively for the future.
Business Strong at Churchill Downs Fall Meet
Total pari-mutuel handle during the 21-day Churchill Downs fall meet was $104,626,990, up 9.9% from $95,225,065 for a 24-day fall meet in 2014. Average daily handle jumped 25.6% to $4,982,238 from $3,967,711 in 2014.
Tampa Bay Finds Success Despite Competition
As Tampa Bay Downs prepared to begin its meet Nov. 28, Peter Berube, general manager at the Florida racetrack, discussed its model for success in the face of competition from tracks with alternative gaming.
Maryland's Growth Potential Focus of Meeting
Maryland racing stakeholders the evening of Nov. 20 received a status report on the state of the industry, and they were told there is great potential for growth in the state.
'Jackpot' Comes of Age for Delta Downs
The $1 million Delta Downs Jackpot, inaugurated in 2002, has come a long way, and a decision made several years ago to move the race to the afternoon has led to strong gains in pari-mutuel wagering.
Wyoming Panel OKs Historical Racing Games
The Wyoming Pari-Mutuel Commission Nov. 13 approved two companies as historic horse race wagering providers and authorized use of several game themes.
Total Handle, Field Size Up at Belmont Meet
The New York Racing Association reported a rebound, at least in terms of total pari-mutuel handle, for the Belmont Park fall meet that ended Nov. 1.
Ohio Racing Benefits From Misfortune in WV
The early closure of Mountaineer Casino, Racetrack & Resort in West Virginia has had a positive impact on Hollywood Casino at Mahoning Valley Race Course, at least for the first six days of its 2015-16 meet.
KTDF Money Leads to Turfway Purse Adjustment
Turfway Park, which accounts for a third of Kentucky's year-round racing calendar, will begin its season Dec. 3 with lower purses, primarily because of less Kentucky Thoroughbred Development Fund money.
Aided by Cup, October Handle, Purses Increase
Aided by more than $150 million in pari-mutuel handle for the two-day Breeders' Cup, commingled wagering on United States races in October was up 17.7% compared with the same month in 2014.
Handle Even, But Keeneland BC Gets High Marks
Wagering on this year's Breeders' Cup was about even with last year, and officials said Keeneland measured up well as a first-time host site given its investment in the infrastructure needed to accommodate the event.
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