For the month of September, pari-mutuel handle continued to decline, but a considerable increase in purses provided a silver lining, according to the latest Thoroughbred Racing Economic Indicators.
Wagering on United States races declined slightly to 2.86% during the month of July, according to figures released Aug. 4 by the Equibase Company.
Bettors will have two new wagering options to consider--the 10-cent Super Hi-5, and the 10-cent Fortune 6--when Lone Star Park in Texas kicks off its Thoroughbred meet April 14.
There was good news and bad news March 4 when Equibase released its monthly report on Thoroughbred Racing Economic Indicators.
Thoroughbred industry marketer Fred Pope outlines a plan to reward the owners of the most popular horses with bonus purse money. Read Blog
Wagering on Thoroughbred racing in the United States fell 7.3% and purses declined 6% in 2010, continuing the trends seen in recent years as the industry remains mired in recession.
Interest in super mare Zenyatta and this year's Breeders' Cup World Championships second day Nov. 6 propelled TVG to a record day, with more than $7.8 million in wagering.
On Friday, Sept. 3 professional writer and horseplayer Pete Fornatale will attempt a day-long effort to wager on every race and every track around the world offered through TwinSpires.com to benefit the Race for Education.
Total handle for June is down 5.82% while purses and race days fall 1.21% and 3.23%, respectively.
The most money ever was wagered June 30 on a single race, $379,220, and on a single race card, $2,140,490.
Wagering on U.S. racing in 2009 declined by 9.9% to total $12.3 billion, compared with $13.7 billion the previous year, according to figures released Jan. 6 by Equibase Company.
A rainy October in Kentucky led to much lower on-track business for the Keeneland fall meet, but good racing at the track helped the simulcast wagering, and the combined off-track and on-track betting increased.
The Breeders' Cup has released the official race order and wagering menu for the 26th Breeders' Cup World Championships, to be held Nov. 6-7 at Santa Anita Park in Arcadia, Calif.
If the payoffs for the daily double involving the Black-Eyed Susan Stakes (gr. II) and Preakness (gr. I) are any indication, the filly Rachel Alexandra will be the big favorite for the middle leg of the Triple Crown.
All-sources handle for the recently-concluded Laurel Park winter-spring meet fell 25.5%, Maryland Jockey Club officials have reported.
Here's a fact: Some domestic advance deposit wagering outlets are openly offering cash rebates to customers that wager on California racing signals.
Hampered by a 20.3% drop in total handle in December, wagering in the United States declined 7.2% in 2008 to record the lowest overall total in a decade.
A grassroots coalition of horseplayers is calling for an end to outstanding disputes involving Internet and telephone wagering, and is asking for the formation of a task force to help settle the differences.
Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.
After four straight years of handle topping $87 million, wagering on the Preakness program declined 15.8% in a year-over-year comparison with the 2007 card.
The early Preakness (gr. I) wagering is no surprise, with Big Brown an overwhelming favorite. The winner of the Kentucky Derby Presented by Yum! Brands (gr. I) is the heavy 1-9 choice to win the Preakness and have a shot at the Triple Crown three weeks later.
TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company's history and a 32% increase over the first quarter of 2007.
The unaudited figures from the New Zealand Racing Board for the first six months of the 2007/08 season show that despite the challenges imposed by the equine influenza outbreak in Australia, business has continued to deliver strong turnover growth.
Youbet.com said April 1 it had put a restructuring plan in place to recover from last year's $27.4-million loss, and is looking forward to a turnaround in 2008.
Keeneland Race Course will offer simulcast wagering on the $21 million Dubai World Cup Day races, held Saturday, March 29, at Nad al Sheba Race Course in Dubai.
The Thoroughbred Owners of California has given limited consent to New York's off-track betting corporations to accept wagers on California races, but is holding firm on its stance against allowing wagers from the companies'out-of-state account deposit wagering customers.
Overall wagering declined slightly in the United States in 2007 while purses increased, according to "Thoroughbred Racing Economic Indicators" data released Jan. 15.
By Ed Martin - Sometimes it's good that racing does not command the front page of USA Today's sports section as often as it should.
Just as severe weather played havoc with many facets of the 2007 Breeders' Cup, the blustery, sloppy conditions hit the bottom line of handle figures at Monmouth Park during the first-ever two-day World Championships.
A total of $111,903,685 was wagered from all sources on the 11-race Breeders' Cup World Thoroughbred Championships card at Monmouth Park Oct. 27, according to preliminary data, a decline of 20.3% from the all-time record set at Churchill Downs last year.
Six-time British champion jockey Kieren Fallon, 42, and two other riders were involved in plot to cheat in 27 races, a court in London, England, was told Oct. 8.
Hollywood Park closed its 63-day spring meet July 15 with a record average in all-sources handle, fueled by increases in on-track and advance deposit wagering, the Inglewood, Calif. racetrack reported.
Frank Fabian, president of the Thoroughbred Racing Protective Bureau, addressed last year's banning of several jockeys while one of the riders, Terry Houghton, is scheduled to appear before the Michigan Racing Commission June 28 for an investigatory hearing.
By John McEvoy - I have been caught in the squeeze between aggressive corporations battling for monopolistic control of "the product" while turning a frigid shoulder to the people who purchase the product.
Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."
By T.D. Thornton -- North American racing has a widely acknowledged economics problem. Its chief funding mechanism, pari-mutuel wagering, is failing after serving the sport well for decades. What was once an efficient method of extruding profits is now an anachronism whose constraints are choking back betting growth.
Portland Meadows has expanded its Dec. 19 program and will offer two guaranteed pick four wagers each worth $15,000.
The National Thoroughbred Racing Association (NTRA) and Equibase Company released the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the first quarter of 2006, as well as for U.S. purses and race days, with prior-year, first-quarter comparisons.
Youbet.com, Inc., announced Monday that it completed its previously announced acquisition of privately-held United Tote Company for approximately $31.9 million, which is $2 million less than the previously announced purchase price.
The Board of Directors of Racing Commissioners International voted Wednesday to partner with some of the leading technology suppliers for independent monitoring systems to provide a national monitoring service and database for pari-mutuel wagering.
Emerald Downs will become the first Thoroughbred track in the United States to conduct common pool pari-mutuel wagering with Canada on Thursday evening.
TVG Network processed $114 million in wagers during the second quarter, marking the first time that quarterly wagering went over the $100 million mark and resulting in a 29% increase in wagering over the second quarter of 2004.
In an effort to provide its fans with the most attractive wagering program, officials of Breeders' Cup Limited and the National Thoroughbred Racing Association announced Thursday that, for the first time, the complete race order for the 22nd Breeders' Cup World Thoroughbred Championships, will be announced on Wednesday, Oct. 19, when the Pre-Entered fields for all eight races are released.
Woodbine Entertainment Group announced July 2 that Canadian wagers on Balmoral Park, a Chicago-based harness track, will for the first time be combined with the U.S. host track's pools, giving customers in both countries the same winning payout prices.
Bettors will be able to wager as little as 10 cents on superfectas during the upcoming Keeneland spring race meeting that opens April 8. The dime option will be available on all races in which a superfecta wager is offered. Previously, Keeneland's superfecta minimum was $1.
After years of promises and disappointments, true two-way interactivity for horse-race wagering will reach 10 million TV sets nationwide this month through the Dish Network's launch March 2 of the TVG Interactive Horseracing channel.
AmericaTab followed the success of its first Players' Pool on the Breeders' Cup Ultra Pick 6 with its second hit in a month. Bettors had one winning pick six ticket and 28 consolation tickets Nov. 28 at Hollywood Park.
More people connected with racehorses in Great Britain will be banned from betting them to lose effective Dec. 1, the British Jockey Club has ruled.
Keeneland will implement several changes to its wagering menu this fall. There will be a guaranteed Pick Four, lower takeout on all Pick Three, Pick Four and Pick Six wagers and changes to the Pick Three rules.
The U.S. Senate passed an international tax bill that includes two provisions that are favorable for the horse industry. The first is the clarification that the 30% alien withholding provision does not apply to nonresident aliens wagering in foreign countries; the second is a reduction in the holding period for horses to qualify for capitol gains treatment from 24 months to 12 months.
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