Pari Mutuel Handle

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Oak Tree Handle, Attendance Decline

Oak Tree Handle, Attendance Decline

The Oak Tree Racing Association, which for the second year in a row hosted the Breeders' Cup World Championships, reported double-digit declines in attendance and handle during the 31-day meet at Santa Anita Park that ended Nov. 8.

Law Gives CA Tracks More Takeout Flexibility

California Thoroughbred racetracks, subject to regulatory approval, could increase pari-mutuel takeout -- return less money to bettors -- and change how the revenue is distributed under legislation signed into law Oct. 23 by Republican Gov. Arnold Schwarzenegger.

Calder Handle Rebounds From Troubled Year

Calder Handle Rebounds From Troubled Year

All-sources handle at Calder Race Course rose 48%, from $131.4 million to $195 million, during this year's second quarter, according to parent company Churchill Downs in a report to the Securities and Exchange Commission. But Calder's handle for the quarter ended June 30 was 22% below its handle of $249 million for the second quarter of 2007.

Handle Declines Slightly in January

Pari-mutuel handle was down 1.56% in January compared with the same month in 2008, but the decline wasn't close to the 20.3% slip in handle in December 2008 versus a year earlier.

Total Handle, Purses Decline in November

Total Handle, Purses Decline in November

Wagering on Thoroughbred races fell almost 10% in November compared with November 2007, Equibase reported Dec. 3 in its monthly "Thoroughbred Racing Economic Indicators." Purses dropped more than 2%, but race days increased more than 5%.

Instant Racing Called Quick Fix for Ohio

A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.

Bill Calls for Handle, Injury Reports

Legislation that would require racetracks to submit detailed daily reports on pari-mutuel handle and attendance, and various parties to submit racehorse injury reports, has been pre-filed for the 2009 session of the Kentucky General Assembly.

PA Report: Purses Up, Handle Share Down

PA Report: Purses Up, Handle Share Down

Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.

Topics: THG and Future of Racing on TV

Topics: THG and Future of Racing on TV

The Thoroughbred Horsemen's Group, which advocates a new economic model for pari-mutuel wagering and has been engaged in high-profile battles in the racing industry, isn't going away anytime soon, its president said July 18.

Handle Down, Purses Up in Second Quarter

Pari-mutuel handle took a hit but purses gained a bit in the second quarter of 2008, according to the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing.

94,476 Attend Belmont; Handle Soars

94,476 Attend Belmont; Handle Soars

The New York Racing Association reported that 94,476 were on hand under sunny skies on a sweltering day at Belmont Park June 7 to witness yet another Triple Crown upset, with longshot Da' Tara going wire to wire in the 140th Belmont Stakes (gr. I). The victory ended heavily favored Big Brown's attempt to become the first Triple Crown winner since Affirmed in 1978.

Purse Cuts Planned at CDI-Owned Tracks

Purse Cuts Planned at CDI-Owned Tracks

A Churchill Downs Inc. official said May 7 purses at Churchill Downs in Louisville, Ky., could be cut the week of May 11, while Calder Race Course in South Florida could face another reduction in purses.

No Deal Yet Between Calder, Horsemen

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No Deal Yet Between Calder, Horsemen

Florida horsemen and officials at Calder Race Course and parent company Churchill Downs Inc. met April 14 but did not agree on contracts for the Calder meet that begins April 21.

Slots Splits Slow Calder Contract Talks

Slots Splits Slow Calder Contract Talks

As Calder Race Course prepares to open its 2008 meet April 21, the question of how to divide any future slot-machine revenue is holding up contract talks between the Miami Gardens, Fla., track and the Florida Horsemen's Benevolent and Protection Association.

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