Pari Mutuel Handle

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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

  • News
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.

Turfway Seeks Change in Post Times

Turfway Seeks Change in Post Times

The year 2008 probably will bring some experimentation to Turfway Park, which has asked the Kentucky Horse Racing Authority for permission to switch from evening to daytime racing on Wednesdays and Thursdays during its three-month winter/spring meet.

Role of TV in ADW to Be Examined

The impact of television on account wagering will be watched closely during an experiment in California that began Nov. 7 with the opening of Golden Gate Fields and Hollywood Park.

Field Size an Issue at Delaware

Delaware Park, one of Thoroughbred racing's pioneers in terms of combining racing and video gaming, ended its 2007 meet Nov. 4 with declines in total handle and field size, though purses paid increased about $1 million.

Kentucky Downs Reports Handle Gains

  • News

Kentucky Downs concluded its 2007 meet with its second-highest on-track handle and third-largest total handle in the racetrack's 17-year history, officials said closing day, Sept. 25.

Big Numbers as Racing Returns to Hong Kong

  • News
Big Numbers as Racing Returns to Hong Kong

Attendance was up 60% to 63,566 from the corresponding day last year, and handle increased 12.5% to HK$825 million on opening day of the Hong Kong racing season at Sha Tin racecourse.

Technology, Handle Revenue on Conference Agenda

  • News

The 15th International Simulcast Conference in Kansas City, Mo., Sept. 17-19 will focus on the impact of 21st-century technology on the pari-mutuel industry and the wagering routine of North American bettors.

Laurel Cuts Meet Takeout to 10% Across the Board

  • News

In a program billed "Ten Days at 10 Percent -- Racing's Best Bet," pari-mutuel takeout on Maryland's live races will be cut in half during Laurel Park's 10-day summer meet that runs from Aug. 10-23.

TVG Sets Breeders' Cup Day Handle Record

  • News

TVG processed a record-setting $6,708,450 in wagers, including $4,815,799 in wagering on the eight Breeders' Cup World Championships events, Nov. 4 from Churchill Downs.

Keeneland Sets Fall Meet Attendance Record

Keeneland officials reported an all-time fall meet attendance record of 28,880 Saturday, the second day of the Lexington racetrack's meet. The figure topped the previous record of 27,788, set Oct. 14, 1989.

Youbet .com Reports Strong Gain in Net Income

  • News

On the heels of increased revenue growth from International Racing Group, Youbet.com reported a record second-quarter net income of $2.2 million for the period that ended June 30. The figure is up from $1.3 million in the second quarter of 2005.

Youbet.com Reports Handle Increase Preakness Day

Youbet.com handled $4.2 million Preakness Stakes (gr. I) day to top last year's same day handle by 18.5%. The May 20 figure is the second-highest in the history of the account wagering service.

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