The Oregon Senate May 23 passed legislation authorizing Portland Meadows to install historical racing machines. The measure now goes to the governor for his consideration.
Wagering on United States racing in April registered a small year-over-year gain, but purses were down from April in 2012, according to the Thoroughbred Racing Economic Indicators released by Equibase May 5.
A New York lawmaker May 4 said he will introduce legislation authorizing off-track betting at New York City bars that offered it before New York City Off-Track Betting Corp. went bust and closed in 2010.
Churchill Downs set a record for its May 3 Longines Kentucky Oaks (gr. I) program when more than $45.8 million was wagered on a 12-race card.
Atlantic City Race Course ended its six-day all turf meet May 1 with total pari-mutuel handle in excess of $1 million for a seven-race program.
Hollywood Casino at Charles Town Races set another pari-mutuel handle record in April when it reported average daily handle of $1,367,336, up 1% from the same month in 2012.
Though total pari-mutuel handle during the recent winter/spring meet at Turfway Park fell almost 30% from the same meet in 2012, average daily handle was down 4% because of 11 fewer live racing days.
For the fifth consecutive year, Keeneland, which begins its spring meet April 5, topped the 2013 racetrack ratings produced by the Horseplayers Association of North America.
- By Tom LaMarra
Commingled pari-mutuel handle for March was $983,428,969, down only 0.11% from the same month in 2012, according to the Thoroughbred Racing Economic Indicators released by Equibase April 4.
Purses paid at six racetracks in Pennsylvania in 2012 increased 1% while wagering on the live product was up 12% from the previous year, according to the latest benchmark report prepared by regulators.
- By Tom LaMarra
Pari-mutuel wagering, purses, and race days all declined in February compared with the same month in 2012, according to the Thoroughbred Racing Economic Indicators released by Equibase March 4.
- By Tom LaMarra
Wagering on United States races dropped 2.02% in January when compared with the same month in 2012, according to the Thoroughbred Racing Economic Indicators released by Equibase Feb. 4.
Live and simulcast wagering on races at Delaware Park in 2012 totaled $116,771,915, down 22.08% from $149,862,434 in 2011, according to statistics released by the Delaware Thoroughbred Racing Commission Jan. 17.
The number of Thoroughbred broodmares registered in Ohio in 2012 jumped 53.9% from 2011 to 2012, according to Ohio State Racing Commission statistics.
Despite a slight decline in wagering in December, total pari-mutuel handle on United States racing in 2012 was up 0.96%, the first increase since 2006, according to the Thoroughbred Racing Economic Indicators.
Hollywood Casino at Penn National Race Course reported a 19.4% increase in all-sources pari-mutuel handle for 197 live racing days in 2012. Meanwhile, total purses jumped 11.6%.
The New York Racing Fan Advisory Council has released its formal recommendations for ways to improve horse racing in the state, and at the top of the list is lower pari-mutuel takeout.
Hollywood Casino at Charles Town Races reported that, for the first time in the track's 79 years of operation, average daily pari-mutuel handle topped the $1 million mark.
In this age of racetrack casinos, the message is very clear: Increase the focus on pari-mutuel wagering and don't consider gaming revenue for purses and other programs an entitlement.
A review of wagering on this year's World Championships indicated the aftermath of Hurricane Sandy cost Breeders' Cup roughly $9 million in pari-mutuel handle compared with 2011 figures, organization officials said.
Breeders' Cup is prepared to take a hit in pari-mutuel handle given the aftermath of Hurricane Sandy in the Mid-Atlantic and Northeast even though many wagering outlets were back in operation Nov. 2.
Monmouth Park registered gains in average daily attendance but declines in pari-mutuel handle for its 65-day meet, officials said Oct. 7, closing day of the meet.
- By Tom LaMarra
Aided by an increase in race days, pari-mutuel handle and purses in August registered the largest gains in recent memory, according to the Thoroughbred Racing Economic Indicators released Sept. 5.
Pari-mutuel handle remained slightly ahead of last year even though it was down 7.37% in July when compared with the same month in 2011, according to the Thoroughbred Racing Economic Indicators released by Equibase.
Pari-mutuel handle at Del Mar continues to exceed 2011 levels, particularly on track, officials said July 29 after the second full week of racing.
The Hong Kong Jockey Club reported an increase in wagering for the racing season that ended July 15.
Hollywood Casino at Penn National Race Course reported double-digit increases in pari-mutuel handle on and off track for the fourth consecutive month in June.
Slot machine revenue for purses increased by more than $19 million at six Pennsylvania racetracks in 2011, while pari-mutuel handle and the revenue it produces for prize money continued to drop.
Canterbury Park in Minnesota has slashed the pari-mutuel takeout rate on Pick 3 and Pick 4 wagers by almost 40% for its upcoming meet.
Delaware Park opened its 75th season of Thoroughbred racing on a picture-perfect afternoon May 12 with a large, yet it was also set to face some challenges for the 100-day meet.
Churchill Downs Inc. reported net earnings of $1.4 million in the first quarter of 2012, a reversal from a $3.2 million loss during the first three months of 2011.
Racetracks reported an upswing in business because of the record-setting Kentucky Derby Presented by Yum! Brands (gr. I) program held May 5 at Churchill Downs.
In addition to record attendance, Churchill Downs reported record all-sources wagering of $187 million for its 13-race Kentucky Derby Presented by Yum! Brands (gr. I) program May 5.
Atlantic City Race Course wrapped up its six-day turf meet with large crowds and what was said to be the largest crowd at the New Jersey track in 25 years.
Pari-mutuel handle at this year's 78-day Aqueduct winter/spring meet was up across the board, the New York Racing Association reported April 26.
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
Grade II winner Magical Feeling, a winner of more than half of her starts, added another victory to her record by taking the $200,000 Sugar Maple Stakes for fillies and mares at Charles Town Races April 14.
- By Tom LaMarra
Purses and pari-mutuel handle on Thoroughbred races continued a solid rebound in March with a slight increase in race days, according to the Thoroughbred Racing Economic Indicators released by Equibase.
All-sources pari-mutuel handle on Turfway Park races during its winter/spring meet dropped 11.2%, while ontrack handle on live racing was down 16.5%, track officials said April 2.
Hollywood Casino at Charles Town Races April 2 reported a record monthly all-sources pari-mutuel handle of $29,426,572 in March, while sister track Hollywood Casino at Penn National Race Course also reported wagering gains.
For the fourth consecutive year Keeneland is the top-rated racetrack under the Horseplayers Association of North America racetrack ratings system.
The United States Trotting Association has formed a committee to examine a proposal to use a small percentage of gaming revenue to support marketing and enhanced equine drug testing, but stopped short of endorsing the plan.
Sam Houston Race Park reported a 35% increase in live pari-mutuel handle and a 40% jump in attendance for its 31-day Thoroughbred meet, which ended March 12.
Ohio horsemen are lobbying the state Senate to alter language in House-passed legislation that would shift pari-mutuel revenue for breeding funds to municipalities that host racetracks.
- By Tom LaMarra
Unseasonably warm weather in February no doubt contributed to a 7.60% increase in wagering on United States races.
In yet another sign of trouble for the Kentucky horse racing industry, Turfway Park said it will slash overnight purses 25% effective March 3 because of an overpayment coupled with lower pari-mutuel handle.
An increase in pari-mutuel handle has led Gulfstream Park to raise purses 15% through the end of its meet, which concludes April 8.
Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services passed the House of Representatives by a 79-15 vote Feb. 24.
Oaklawn Park said overnight purses will increase $5,000 per day effective Feb. 9 because of improved business aided by good weather.
The ability to fill a greater number of higher-level races in December has led Turfway Park to trim some stakes toward the end of its 2012 winter/spring meet to meet the purse budget.
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