While it's difficult to determine if their efforts are making much of a dent in illegal bookmaking in the U.S., federal law enforcement officials have been busy the past few years prosecuting these sports wagering operations.
Behind a strong quarter that saw 17% revenue growth at its New Jersey online casino, compared with the same quarter a year ago, Betfair reports a 25% revenue growth in its U.S. operations for the three months ended Jan. 31.
After an encouraging start in terms of pari-mutuel wagering in January, handle on U.S. races plummeted in February compared with the same month in 2014, a decline that dropped 2015's handle behind last year's pace
Two federal agencies have issued a notice that opens the door to the possible addition of pari-mutuel gambling winnings to updated reporting and withholding requirements being developed for bingo, keno, and slot machines.
The Breeders' Cup announced Feb. 27 that West Point Thoroughbreds has been named official partner of the Breeders' Cup World Championships and presenting sponsor of the Breeders' Cup Betting Challenge.
Streaking champion 2-year-old filly Take Charge Brandi is a narrow choice as the favored individual horse, but the ever-popular mutuel field is the morning-line favorite in Kentucky Oaks Future Wager odds.
A pair of 3-year-olds trained by Bob Baffert are the top individual choices according to the morning line for this weekend's Kentucky Derby Future Wager pool, the third of four Derby future wagers that will be offered.
The chief executive officer of TVG, on the heels of the announcement owner Betfair has purchased rival HRTV from The Stronach Group, said Feb. 18 the company plans to maintain both networks and market them accordingly.
The "All Others" option was the 5-2 betting favorite as the second pool of the 2015 Kentucky Derby Future Wager came to a close Feb. 8. Breeders' Cup Juvenile (gr. I) winner Texas Red emerged as the top individual choice.
The Stronach Group remains optimistic about the future of the horse racing industry in North America and will continue to push for what it believes are fundamental structural changes needed to move the business forward.
In a jump that could be related to larger average field sizes, pari-mutuel handle improved 1.52% in January compared with the same month last year, according to Thoroughbred racing economic indicators released by Equibase.
While the "all others" option figures to emerge as the favorite, it will be interesting to see where the public settles in terms of an individual favorite in the upcoming Kentucky Derby Future Wager pool Feb. 6-8.
National Thoroughbred Racing Association officials met with a representative of the United States Department of Treasury Jan. 28 to discuss the racing industry's efforts to alter the pari-mutuel withholding tax structure.
Online wagering provider Xpressbet, in conjunction with Santa Anita Park, Gulfstream Park, and The Stronach Group, unveils a new Pick 4 wager Feb. 7 featuring four important stakes races at the two tracks.
John O'Neil of Huntington Station, N.Y., topped a field of 606 entrants to win the $800,000 first-place prize and an Eclipse Award as at the Daily Racing Form/NTRA National Handicapping Championship Jan. 23-25
A record field of 606 entrants will compete for more than $2.36 million, the largest purse in handicapping tournament history, and an Eclipse Award at the 16th National Handicapping Championship Jan. 23-25.
EquiLottery, which aims to link state lotteries with pari-mutuel pools, moved forward in Kentucky Jan. 8 when state Sen. Julie Raque Adams (R-Louisville) filed a bill that would permit such a collaboration.
The Thoroughbred Racing Associations has announced Clearwater Beach, Fla., as the host city for the 23rd annual International Simulcast Conference. The 2015 conference will be held at the Sheraton Sand Key Resort, Oct. 5-7.