Keyword: advance deposit wagering

  • Gulfstream Park

    Language in Florida Bill Would Prohibit ADW Wagering

    It's early in the process but because the wording in a current Florida Senate bill would potentially outlaw ADW, industry leaders have quickly weighed in to make sure legislators understand how devastating that outcome would be for horse racing.

  • CHRB, ADWs Clash at Committee Meeting

    A crucial issue regarding how pari-mutuel takeout is distributed for racing in California was discussed, at times contentiously, during a California Horse Racing Board Pari-Mutuel and Wagering Committee meeting Dec. 14 at Los Alamitos Race Course.

  • Kentucky to Require ADW Companies be Bonded

    In a special meeting Nov. 22 in Lexington, the Kentucky Horse Racing Commission (KHRC) approved a rule that will require advance-deposit wagering (ADW) companies that operate in the state acquire a bond of up to $500,000 as a condition of licensing.

  • Kentucky Derby week revenue increased this year

    CDI Reports 27% Increase in Net Income

    Continued growth in the week leading up to the Kentucky Derby Presented by Yum! Brands (gr. I) fueled an increase in earnings for the racing segment of Churchill Downs Inc. in the second quarter of 2016.

  • A vintage postcard of Ocean Downs

    CDI Eyes Maryland Presence With Ocean Downs

    Casino at Ocean Downs, a harness track on the Eastern Shore of Maryland, is in the process of being purchased by Churchill Downs Inc. and Saratoga Casino Holdings from Delaware Park owner William Rickman.

  • Canterbury Park in Minnesota

    New Minnesota Law Authorizes Account Wagering

    Minnesota officials said advance deposit wagering legislation passed recently by lawmakers will provide an estimated $1.5 million in revenue that will be re-directed to horse racing and breeding in the state.

  • TVG chief executive officer Kip Levin

    TVG: Systems Failure 'Won't Happen Again'

    TVG, a leading advance deposit wagering provider, said human error was responsible for a May 7 systems breakdown that halted online wagering for more than two hours during the running of the Kentucky Derby (gr. I).

  • Churchill Downs is preparing for Kentucky Derby week

    CDI Reports Productive First Quarter

    In advance of what it anticipates will be another successful Kentucky Derby (gr. I) week, Churchill Downs Inc. April 28 reported net income of $2.8 million for the first quarter of 2016.

  • VRC Suspends TwinSpires ADW License

    TwinSpires.com, one of three advance deposit wagering systems licensed to accept bets from Virginia residents, had its license suspended by the Virginia Racing Commission effective Dec. 18.

  • Ken Kirchner

    For Kirchner, 20 Years of BC Wagering

    Ken Kirchner, a former regulator in Pennsylvania, was hired by Breeders' Cup as a consultant in 1996, and since that time has overseen wagering formats, simulcast expansion, and elevating the product with bettors.

  • WV Racing Report Approval Stalls

    A group of West Virginia racing stakeholders has prepared a report on the state of the industry and makes suggestions on how to improve the economics, but when it is approved remains to be seen.

  • WV Racing Industry Sets Legislative Goals

    The West Virginia racing industry will pursue several initiatives during the 2016 legislative session, including statutory changes that would lower the minimum number of racing dates for which tracks must apply each year.

  • WV Stakeholders Seek Racing Revenue Boost

    Racing stakeholders fully understand that having sports betting at tracks in West Virginia is a 90-1 shot. But other things like off-track betting are a bit more realistic as they fashion a wish list to increase revenue.

  • Churchill Sues DRF Over Derby, Oaks Wagers

    Churchill Downs Inc. has filed suit against Daily Racing Form, alleging the company's DRF Bets wagering service violated the Interstate Horseracing Act when it took bets on this year's Kentucky Derby and Oaks.

  • Indiana Governor Vetoes ADW Legislation

    Saying the bill would have expanded gambling in Indiana, Gov. Mike Pence has vetoed a bill that would have allowed state residents to use advance deposit wagering to bet on horse races.

  • CDI Reports Record $194.3M in Derby Day Bets

    All-sources pari-mutuel handle on the 13-race Kentucky Derby Presented by Yum! Brands (gr. I) program May 2 totaled a record $194.3 million, up 4% from $186.6 million in 2014, Churchill Downs Inc. said.

  • Hollywood Casino at Charles Town Races

    WV Legislature to Review Racing and Gaming

    Both houses of the West Virginia legislature have adopted a resolution forming a select committee that will undertake a "comprehensive study" of the state's racing and gaming industries and report its findings in 2016.

  • North Dakota May Owe Bankrupt ADW Millions

    The U.S. Court of Appeals this month upheld a U.S. District Court's ruling that the state should not have collected millions of dollars from the estate of the bankrupt account-deposit wagering outlet Racing Services Inc.

  • Phone Wagering Commences in Arizona

    Advance deposit wagering via phone began Jan. 31 in Arizona, according to the Arizona Department of Racing. However, for the time being, residents of Pima County won't be permitted to wager on Thoroughbred races.

  • KY Lawmakers Get Horse Industry Update

    The Kentucky General Assembly Interim Joint Subcommittee on Horse Farming was given a generally positive update on the status of the racing and breeding industry in the state Nov. 12 in light of years of declines.

  • Alan Landsburg

    Former CHRB Chairman Alan Landsburg Dies

    Alan Landsburg, a television writer, producer, and director who in later years focused on improving horse racing as a California Horse Racing Board commissioner and industry leader, died Aug. 14 at the age of 81.

  • Iowa Stallion Rule Change Called Positive

    Iowa has removed a restriction requiring Iowa-registered stallions to be owned by in-state residents, and breeders believe the legislative change with foster growth in the program.

  • Instant Racing Machines at Kentucky Downs.

    Instant Racing, ADW Taxes Approved in KY

    The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.

  • $1M Prize Offered in Kentucky Derby Showdown

    TwinSpires.com, the official advance deposit wagering service for the Kentucky Derby Presented by Yum! Brands (gr. I), is offering its players an opportunity to win $1 million by betting Kentucky Derby qualifying races.

  • Taxman Cometh for ADW Companies?

    Regulators who believe advance deposit wagering companies are not paying their fair share to the industry squared off against ADW reps who noted that added taxation could slow the success of a growing portion of the industry.

  • NYRA Board Meets; Still No Action on CEO

    The New York Racing Association board of directors met June 10, partly in closed session, but said afterward no decision had been made on selecting a chief executive officer to lead the organization.

  • IL Racing Threatened by Legislative Stalling

    Illinois racing dates may be vacated and laboratory operations curtailed if the state legislature does not quickly reauthorize advance deposit wagering, Illinois Racing Board officials said April 30.

  • Santa Anita Registers Increased Handle

    The Arcadia, Calif., track received final handle figures for its winter-spring meeting April 25. Handle improved 3% to $710,813,700. That increase came during a first quarter that saw U.S. handle decline 2.81%.

  • Kentucky ADW Tax Clears House Committee

    The Kentucky House Appropriations and Revenue Committee passed legislation authorizing a tax on advance deposit wagering Feb. 12, but it remains to be seen if all parties agree on the language in the measure.