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TV Games Network set a new quarterly handle record when it processed $119.8 million in wagers in the third quarter of this year. The figure is up 32.1% from the third quarter of 2004.
Friday, November 04, 2005All-sources handle on the Oct. 29 Breeders' Cup World Thoroughbred Championships at Belmont Park was a record $124,009,593, up 2.5% from the $120,897,141 wagered last year when the event was held at Lone Star Park.
Friday, November 04, 2005Revenue to localities in the six off-track betting regions in New York is down more than 50% from 2000 to 2004, according to the results of a study commissioned by Friends of New York Racing, the organization that seeks to build a better economic model for the pari-mutuel industry in the Empire state. Two OTB corporations, Capital and New York City, have issued responses to the report, which they believe doesn't tell the whole story.
Tuesday, November 01, 2005Almost $41.5 million in handle has passed through New Jersey Account Wagering, a joint venture of the New Jersey Sports Authority and Pennwood Racing, since its launch Oct. 28, 2004.
Tuesday, November 01, 2005Breeders' Cup, already expecting to begin its Oct. 29 World Thoroughbred Championships day $13 million in the hole handle-wise compared with last year, could take an even bigger hit given a lack of established wagering outlets in hurricane-ravaged Florida and Louisiana.
Thursday, October 27, 2005Breeders' Cup, faced with a potential decline in handle for this year's World Thoroughbred Championships given the absence of secondary pari-mutuel operators from its pools, is calling for the industry to expedite a policy on rebate shops.
Tuesday, October 25, 2005Breeders' Cup officials hope large fields and a revised race order contribute to fuel solid wagering for the Oct. 29 World Thoroughbred Championships at Belmont Park.
Tuesday, October 25, 2005Racetracks and Thoroughbred horsemen in Ohio remain in a stalemate that has removed the River Downs live signal from all account-wagering services, including one in which the track has ownership.
Wednesday, August 24, 2005The Ohio Horsemen's Benevolent and Protective Association has approved the transmission of Thoroughbred signals from Ohio to the TV Games Network and XpressBet, and also approved the sending of the signal from Thistledown to Youbet.com. However, it has failed strike a deal with AmericaTAB, the account-wagering company owned by Ohio interests.
Tuesday, August 09, 2005The Aug. 6-7 weekend of racing in New Jersey generated on-track attendance of more than 75,000 and a handle record of more than $21 million, according to the New Jersey Sports and Exposition Authority.
Monday, August 08, 2005If horsemen believe they aren't receiving adequate compensation for their product, it's within their rights to be directly involved in the setting of host fees, a consultant said July 22 during the National Horsemen's Benevolent and Protective Association summer convention in Toronto, Ontario.
Friday, July 22, 2005Pari-mutuel handle on Thoroughbred racing in the United States and Canada was down 3.8% in the second quarter of 2005, though purses dipped less than 1% for the quarter, according to the latest "Thoroughbred Racing Economic Indicators."
Tuesday, July 12, 2005The National Thoroughbred Racing Association's strategic plan for the next five years clearly reflects a shift in priorities for the organization, though many of the core focus areas remain intact from its first business plan issued in 1997.
Wednesday, June 15, 2005Youbet.com, the California-based online wagering service, handled $3.4 million June 11, Belmont Stakes (gr. I) day, to bring its three-day Triple Crown total to $9.5 million. In 2003, the last time Youbet.com offered wagering on the Kentucky Derby (gr. I), Preakness Stakes (gr. I), and Belmont, total handle was $6.5 million, the company said.
Wednesday, June 15, 2005Total in-state handle during the Pimlico Race Course spring meet was up 18.3% from the corresponding 2004 meet, according to figures provided by the Maryland Jockey Club.
Tuesday, June 14, 2005Youbet.com has closed on its acquisition of International Racing Group, a Curacao-based account-wagering service, for $3 million. The purchase price includes $2 million in cash and $1 million worth of Youbet.com treasury stock.
Thursday, June 02, 2005Total wagering on the TV Games Network increased 42% in 2004, and grew 29% in the fourth-quarter of 2004, the network said in a Feb. 24 release. The increase in business was punctuated by record single-day total wagering of $5,148,375 on May 1, Kentucky Derby (gr. I) day.
Thursday, February 24, 2005Total Thoroughbred purses increased 3.42%--mostly from a limited number of sources--in 2004, while total handle on Thoroughbred races run in the United States declined less than 1%, according to a year-end "Thoroughbred Racing Economic Indicators" report released Jan. 12.
Wednesday, January 12, 2005The TV Games Network generated its highest quarterly handle in history from July 1-Sept. 30, when $90,684,755 was bet through the account wagering system. The figure is up 41% from the third quarter of 2003.
Wednesday, November 10, 2004The Oct. 30 Breeders' Cup World Thoroughbred Championships at Lone Star Park set several handle records, including an all-sources mark that topped the previous standard by a little more than $200,000.
Friday, November 05, 2004Del Mar set a record for total handle during its meet that ended Sept. 8, while on-track business at the Southern California track held its own.
Thursday, September 09, 2004Ellis Park is expected to return to a five-day live racing week next year on the heels of a 2004 meet that produced an increase in total handle but double-digit decreases in average daily handle and on-track business.
Wednesday, September 08, 2004Though pari-mutuel handle on Thoroughbred racing in the United States and Canada dropped slightly in the second quarter of 2004, purses increased 2.86%, according to the National Thoroughbred Racing Association and Equibase.
Monday, July 19, 2004More money was wagered in New York on out-of-state races than in-state races in 2003, the first time such a shift has occurred, according to a new report by the New York State Racing and Wagering Board.
Wednesday, July 14, 2004Indiana Downs closed out its 48-day Thoroughbred meet June 20 with new records, but statistically, the Shelbyville racetrack had mixed results for its second season. While the track experienced an increase in simulcast handle and attendance, on-track handle and number of starters per race were down for the meet.
Tuesday, June 29, 2004A decrease in handle in Ohio so far this year has led the Ohio State Racing Commission to reduce funding for the Ohio Thoroughbred Race Fund.
Monday, May 24, 2004Tampa Bay Downs, the only Thoroughbred racetrack on Florida's Gulf Coast, continued to make forward strides during its 2003-04 meet with substantial gains in attendance and handle.
Tuesday, May 04, 2004Turfway Park, which wrapped up its winter/spring meet April 1, reported across-the-board business increases even though it lost nine full cards and parts of six others during the session that began Jan. 1.
Monday, April 05, 2004Five account-wagering hubs in Oregon handled $226.97 million in the fourth quarter of 2003, up $75.72 million from the same period in 2002, according to Oregon Racing Commission statistics.
Tuesday, March 23, 2004Despite numerous cancellations because of weather or track conditions, Turfway Park has registered business gains during the winter/spring meet that extends through April 1. And with live racing set to resume March 10, it appears the racing surface finally has dried out after a washed-out weekend.
Wednesday, March 10, 2004The National Horsemen's Benevolent and Protective Association's Executive Committee will decide Feb. 3 whether to move forward with a plan to create an offshore wagering hub that would accept wagers from bettors outside the United States in an attempt to increase handle and generate revenue for purses.
Monday, February 02, 2004The Ohio Horsemen's Benevolent and Protective Association has asked the Ohio Harness Horsemen's Association to agree to mediation in an effort to resolve "program and policy differences" between the Thoroughbred and Standardbred industries in the state.
Thursday, January 29, 2004Turfway Park has hiked purses for Kentucky-breds in some high-level races, and also reported that numbers for the first nine live racing days of 2004 show business is on the rebound.
Wednesday, January 14, 2004Total handle on Thoroughbred racing in the United States and Canada increased by only 0.9% in 2003, according to the National Thoroughbred Racing Association and Equibase.
Monday, January 05, 2004A two-month shutdown of Beulah Park was averted Dec. 18 when the Ohio Horsemen's Benevolent and Protective Association and track management agreed to at least negotiate revenue splits from account wagering. If no deal is in place by Feb. 10, horsemen will withdraw permission for Ohio's live racing product to be sent to account-betting providers.
Friday, December 19, 2003Changes in first post time and fuller fields have produced pari-mutuel gains this season for Portland Meadows, which on Dec. 1 cleared the half-million-dollar mark in total handle for a program for the first time in 15 years.
Tuesday, December 02, 2003The National Thoroughbred Racing Association's operation of wagering hub in Oregon met with much resistance from some of its member racetracks at the beginning of the decade, but one thing's for certain: The concept has caught on, even though the NTRA is no longer a player.
Friday, November 07, 2003The 2003 Breeders' Cup World Thoroughbred Championships was a record-setter in terms of handle, both on track at Santa Anita Park and throughout the world via simulcasting. Meanwhile, despite several longshots, there was one winning ticket worth more than $2.6 million in the Breeders' Cup Ultra Pick 6.
Saturday, October 25, 2003Gulfstream Park established a Florida record for pari-mutuel handle for a single race meet with $825.3 million wagered during its 89-day season in 2003, but attendance was down.
Friday, April 25, 2003Year-end "Thoroughbred Racing Economic Indicators" for pari-mutuel wagering in the United States and Canada show increases in total wagering and purses in 2002.
Thursday, January 09, 2003If horse racing is to gain ground, racing interests and state lawmakers must find a way to integrate pari-mutuel wagering with electronic gaming devices, said Dr. Richard Thalheimer, professor of equine administration at the University of Louisville.
Wednesday, October 30, 2002Keeneland completed its 2002 fall meet Oct. 26 with increases in most categories, including total pari-mutuel handle.
Tuesday, October 29, 2002Turfway Park concluded its 2002 fall meet the evening of Oct. 3 with litle change in total on-track handle compared with the 2002 meet. Total handle fell 5% because of a decrease in out-of-state wagering.
Friday, October 04, 2002The topic of rebates, and whether they are good for the pari-mutuel industry, headed the opening day of the International Simulcasting Conference in Bal Harbour, Fla. Nearly 400 individuals representing more than 200 different organizations registered for the annual meeting.
Monday, September 23, 2002Aided by balmy late fall weather, Hawthorne Race Course posted improved numbers for on-site and total handle during its November-December meet. Hawthorne wound up operations on New Year's Day.
Wednesday, January 02, 2002Numbers in most categories were up during the Oak Tree Racing Association meet that concluded Nov. 5 at Santa Anita Park. Total, in-state, and out-of-state handle were up from the corresponding meet in 2000.
Tuesday, November 06, 2001It won't be easy to gauge the results of Keeneland's pari-mutuel takeout reduction, and the decision by the Mid-Atlantic racetracks and New York off-track betting corporations to drop the Kentucky track's signal because of concerns over a drop in revenue.
Sunday, October 07, 2001The NTRA Services wagering hub in Oregon handled $6,133,521 for the first quarter of 2001, by far the highest figure for a three-period since the first report was submitted early last year. The handle, generated by bettors in Kentucky, Louisiana, Maryland, and Oregon, is almost twice as large as the handle recorded for the first three months of 2000.
Wednesday, April 25, 2001Total pari-mutuel handle in the United States crept up 0.7% to $18.16 billion in 1999, according to the latest statistical information released by the Association of Racing Commissioners International. Handle on horse races was up 1.7% from 1998, while Greyhound and jai alai handle fell 4.8% and 11.6%, respectively.
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