Pari Mutuel Wagering

News, Articles, Videos and other content about Pari Mutuel Wagering

Distribution Plan Has Potential, Some Bumps

A transition of simulcast signals to the DISH Network offers long-term positives for the horse racing industry -- including the possibility of new revenue -- but in the short term, the road has been a bit bumpy.

Racing Keeps Eye on Internet Poker Bill

The pari-mutuel industry could end up with some benefits should Congress opt to use legalization of Internet poker to help fund continuation of broad tax cuts agreed upon by Republicans and President Obama.

Handle Down, But Decline Not as Severe

Handle Down, But Decline Not as Severe

Total pari-mutuel handle on United States racing through September 2010 was about $700 million behind the figure for the same period in 2009, according to the latest Thoroughbred Racing Economic Indicators.

Aussie Debate Rings True in North America

Racing industry participants in Australia are seeking "certainty based on a fair return" from betting operators and have taken their case to a commission charged with helping government make better policies.

TRPB Developing 'Tote Security Initiative'

TRPB Developing 'Tote Security Initiative'

The Thoroughbred Racing Protective Bureau publicly acknowledged Dec. 17 its work on a "tote-enhancing initiative designed to address fan concerns with pari-mutuel wagering and improve efficiency and security in the future."

Betfair Wants to Expand U.S. Wagering

Betfair Wants to Expand U.S. Wagering

Betfair, operator of the Great Britain-based betting exchange and owner of TVG, wants to work with the United States pari-mutuel industry to expand wagering opportunities, a top official with the company said Dec. 8.

Georgia Committee Studies Racetrack Benefits

The state of Georgia may be in for some changes in the coming months as horse enthusiasts try to convince lawmakers that building a racetrack is vital to both the struggling breeding industry and the economy as a whole.

CDI 'Well-Positioned' to Make Other Deals

CDI 'Well-Positioned' to Make Other Deals

Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.

Status Quo, 'Welfare' Mentality Big Threats

If the horseracing industry fails to make voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling and entertainment marketplace, officials said Oct. 13.

TRA Adopts Protocol for 'Off Time' Display

The Thoroughbred Racing Associations board of directors has adopted a protocol establishing industry-wide standards pertaining to the display of accurate "off time" for the start of the race.

Online Gambling Bill Has Racing Provisions

Federal legislation that would regulate online poker and games of skill protects pari-mutuel horse racing under the Interstate Horseracing Act and includes various tax breaks sought by the racing industry, the National Thoroughbred Racing Association said Aug. 7.

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