The New York Racing Association says that more than 95% of the $2 win tickets sold at Belmont Park and Aqueduct Racetrack on American Pharoah to win the Belmont Stakes presented by DraftKings (gr. I) haven't been cashed.
Anchored by the Xpressbet.com Preakness Stakes (gr. I), the Maryland Jockey Club will offer bettors a guaranteed pool of $1.5 million for the late Pick 4 during Saturday's 14-race program at Pimlico Race Course.
Tom LaMarra and Pete Denk handicap the Gotham Stakes and the Santa Anita Handicap. watch video
Wagering continued its decline in 2009 in a year-over-year comparison, falling 9.4% through March, according to data released April 3 by Equibase.
- By Ryan Conley
Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.
Two brothers have been charged by the U.S. District Court in Nevada in connection with a U.S. Attorney's Office investigation that included the former offshore rebate shop International Racing Group.
Wagering has declined nearly 6% through the first 10 months of the year, according to the "Thoroughbred Racing Economic Racing Indicators" published monthly by Equibase.
- By Ryan Conley
Scientific Games claims the lawsuit brought against the gaming company over the recent "quick-picks" wagering situation cannot be judged in the California federal court system, and its settlement with the California Horse Racing Board was an appropriate measure to satisfy damages caused by any "alleged" defect in its betting systems.
In a flurry of responses filed recently in federal court, Kentucky horsemen claim Churchill Downs Inc. owes purse funds upwards to $3 million in unpaid fees from wagering revenues, and have asked a judge to force the racetrack company to pay out funds lost from a 20% purse cut.
David Nathanson has been promoted to the newly-created position of president of TVG, the company announced May 19.
- By Ryan Conley
A federal lawsuit between Youbet.com and several entities associated with Virginia racing has been settled, resulting in a renewed effort by the advance deposit wagering company to become licensed in the state.
The parent company of TVG Network reported the horse racing television channel realized a 10% increase in wagers processed for 2007, but saw overall revenues decline slightly for the year.
Churchill Downs has established the dates for its wagering pools for the 2004 Kentucky Derby (KDFW) and Kentucky Oaks Future Wagers (KOFW). The Oaks wager, which is entering its second year, will be offered in three pools for the first time.
Pimlico will offer a number of wagers this weekend beyond its usual win, place, show, and exacta bets. The Maryland Jockey Club will offer guaranteed minimum gross pools on its Pick 4 on Friday and Saturday, and will also offer head-to-head wagers both days.
Santa Anita Park has added two new wagers to its exotic betting menu and becomes one of a growing number of tracks to offer a pick four wager. Beginning Wednesday, the track will offer a daily $1 pick four and $2 rolling daily doubles.
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