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.
Horsemen hashed out the issue of high-volume bettors and rebates Jan. 13, and in the process got a fairly detailed look at their impact on pari-mutuel Thoroughbred racing in the United States.
Turfway Park will end its experiment with Saturday night racing effective Jan. 14, when it switches to a 1:10 p.m. first post.
Preliminary figures at Hollywood Casino at Charles Town Races show a 14.56% increase in gross all-sources pari-mutuel handle in 2011.
Gulfstream Park reported average daily all-sources pari-mutuel handle of about $6.6 million during its first 10 race days in December, surpassing management's expectations for its first December racing in several decades.
Turfway Park received permission from the Kentucky Horse Racing Commission Dec. 14 to lower the pari-mutuel takeout rate on Pick 4 wagers to 14% from 22% effective Jan. 1, 2012.
Difficulty in obtaining pari-mutuel wagering pool data and detailed player data is a major hindrance to the racing industry determining the optimal price point for takeout rates, symposium speakers said Dec. 7.
Several of the younger racetrack executives in the United States and overseas believe horse racing isn't going away any time soon--if the industry can adapt.
National handle on Thoroughbred racing continued to decline in November, though the dip is not nearly as pronounced as it was a year ago at this time.
The highly anticipated revised schedule in southeast Florida racing will arrive Dec. 3 when Gulfstream Park begins an 87-day meet that will extend through April 8, 2012.
Turfway Park will ask the Kentucky Horse Racing Commission for permission to lower the pari-mutuel takeout rate on Pick 4 wagers to 14% from 22% effective Jan. 1, 2012.
The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.
Business at Monmouth Park this year expectedly dropped after what appears to be a one-time "Elite Meet" last year, but average daily figures were still much higher than those recorded for the comparable 2009 meet.
- By Tom LaMarra
Purses were up but pari-mutuel handle was down in October, according to the Thoroughbred Racing Economic Indicators released Nov. 5 by Equibase.
The Breeders' Cup World Championships will be simulcast in about 25 countries this year, but officials said they continue to work on regulatory issues that are road-blocking common pools in those markets.
- By Tom LaMarra
The recommendations in the McKinsey Report, a document design to drive growth in Thoroughbred racing, already are being implemented, including plans for four consecutive Saturdays of television coverage next spring.
Keeneland overcame national trends during its 75th anniversary meet with a 9.3% gain in all-sources pari-mutuel handle on live races and an all-time attendance record for one meet.
Churchill Downs Inc. reported net earnings from continuing operations of $19.7 million for the third quarter of 2011, up significantly from $3.7 million for the third quarter of 2010.
River Downs, where the start of the 2011 race meet was delayed because of Ohio River flooding, reported gains in live handle and daily average purses.
Canterbury Park officials said overall business numbers for the Minnesota track's 2011 meet were "encouraging" in the face of 20 lost days caused by a state government shutdown.
Kentucky Downs said the launch of Instant Racing Sept. 1 led to year-over-year increases in pari-mutuel handle on simulcast races over Labor Day weekend.
Hollywood Casino at Charles Town Races took the first step toward returning more money to bettors Sept. 9 when the West Virginia Racing Commission approved a decrease in pari-mutuel takeout for four wagers.
- By Tom LaMarra
After a solid rebound in July, pari-mutuel handle and purses declined substantially in August, according to the latest Thoroughbred Racing Economic Indicators.
Attendance and pari-mutuel handle were off slightly for the Aug. 27 Travers Stakes (gr. I) program at Saratoga as Hurricane Irene made its way up the East Coast.
Ontrack business at the current Saratoga meet after 28 days continues to run ahead of comparable figures for 2010, the New York Racing Association reported Aug. 22 as the fifth week of the meet ended.
- By Tom LaMarra
The Jockey Club Aug. 14 announced a nine-step plan for the betterment of horse racing and breeding and expects to spend millions of dollars over the next five years to implement it.
Average daily pari-mutuel handle on live racing at Hollywood Casino at Charles Town Races was up again in July, allowing the West Virginia track to register 15 consecutive months of year-over-year handle gains.
Attendance and handle at Saratoga continue to post increases compared with 2010 through the second week of the meet, or 10 days, according to the New York Racing Association.
Lone Star Park ended its 2011 meet July 10 with gains in daily average attendance and purses but an overall decline in pari-mutuel handle.
Faced with criticism and a move to decertify it as the official horsemen's organization in California, the Thoroughbred Owners of California held a public forum at Hollywood Park June 25.
An ongoing battle over pari-mutuel takeout rates in California isn't only a major issue in the war over horsemen's representation, but it also has moved horseplayers' involvement in political issues in racing to a new level.
There were 11 winning tickets for the record-setting Pick 6 at Belmont Park June 15, with each ticket paying $308,963.
Purse revenue earned from pari-mutuel handle and racetrack slot machines dropped in 2010, according to the Pennsylvania Gaming Control Board's "benchmark report" on racetrack casinos in the state.
Cancellation of one program because of a lack of horses did little to dent the Delaware Park meet, which opened with enthusiasm and features a new program designed to increase attendance.
Pimlico Race Course reported its sixth-largest attendance and seventh-largest pari-mutuel handle for the Preakness Stakes (gr. I) program held May 21.
New Jersey Sports and Exposition Authority officials said they were pleased with the numbers for opening weekend -- when compared with 2009 statistics and not those recorded last year for the "$50 million elite meet."
Oaklawn Park reported increases in attendance, pari-mutuel handle, and purses for its 2011 meet, which was impacted early on by weather-related cancellations.
Whether gross or average figures are used, pari-mutuel handle for the Santa Anita Park winter/spring was down, according to information compiled from various sources.
Keeneland reported business gains for the first three days of its spring meet, including record attendance for a three-day period.
Turfway Park reported across-the-board increases in pari-mutuel handle for its 2011 winter/spring meet in the face of national figures that show total handle on United States racing is down 8.5% for the same period.
Gulfstream Park's combined pari-mutuel handle the weekend of April 2-3 was $33.6 million, shattering the previous weekend record set last year in Gulfstream's new building by 29%.
- By Tom LaMarra
The National Horsemen's Benevolent and Protective Association is compiling the results of a survey that shows its 30 affiliates spent almost $11 million on benevolence programs last year.
Horsemen were told March 18 of the importance of keeping close watch of purse accounts, money from which sometimes ends up commingled with racetrack operating accounts or tangled in bankruptcy cases.
Churchill Downs Inc. plans to expand beyond pari-mutuel wagering should online gambling be legalized on the state or federal levels, company officials said March 15.
Bills authorizing participation in an interstate racing compact and some oversight of advance deposit wagering companies have passed the Kentucky House and Senate.
The Kentucky Senate passed a bill March 3 authorizing the licensing of advance deposit wagering companies and a requirement that they report pari-mutuel handle on Kentucky races.
Average daily handle for 20 live race days in February at Hollywood Casino at Charles Town Races was $1,205,461, which broke the previous record by nearly 12%.
Arnold Zetcher, chairman of the Thoroughbred Owners of California, will resign from the board Feb. 16. He has served as chairman for about six months.
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