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.
Acting under a looming deadline, the Illinois legislature Jan. 29 reauthorized advance deposit wagering in the state, staving off a draconian cut in 2014 racing dates.
Illinois horsemen and representatives of the state's racetracks and Advance Deposit Wagering providers have reached agreement on an extension of ADW for three years.
Global Betting Exchange has been chosen as the winning bidder, pending finalization, to provide technological upgrades to the New York Racing Association's advance deposit wagering platform, NYRA Rewards.
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.
NTRA president Alex Waldrop sees little chance of federal legislation to allow expanded Internet wagering any time soon but he does believe that states will continue to take the lead on the issue.
The Thoroughbred Racing Protective Bureau has secured widespread support for its new Tote Security System it will launch next month with plans for full implementation early next year.
The American Gaming Association said research that shows U.S. residents bet $2.6 billion through illegal offshore gambling operations in 2012 drives home its point that online betting must be regulated.
The Illinois Racing Board June 25 formally allocated $23 million in casino money to the state's racing interests amid hopes it will bridge a financial gap until a broader gaming expansion bill is approved.
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.
Advance deposit wagering companies were accepting wagers from Illinois residents June 7.
Issues critical to the future of Illinois horse racing hung in the balance May 28 as the legislature entered the final scheduled week of its spring session.
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.
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%.
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.
Legislation authorizing use of mobile devices for betting on horse races was signed into law by New Jersey Gov. Chris Christie Jan. 28.
At least two of the four companies conducting advance deposit wagering in Illinois are shutting down operations for Illinois residents because that form of wagering is now illegal in the Land of Lincoln.
Betfair Hollywood Park showed appreciable gains in all sources handle and field size during the 2012 autumn meet.
At least three of four major advance deposit wagering companies continue to take bets from Illinois residents even though the action is illegal as of the beginning of the year, the Illinois Racing Board said Jan. 3.
Advance-deposit wagering will be illegal in Illinois effective Jan. 1, 2013, because the General Assembly has failed to renew enabling legislation, the Illinois Racing Board ruled Dec. 18.
The online wagering market will gain a new player this spring after Sportech Venues gained state approval to launch an Advance Deposit Wagering service at its Winners off-track betting unit in Connecticut.
Churchill Downs Inc. officials said Nov. 6 the company had a "decent" third quarter in 2012 and is poised for growth in 2013-14.
- By Tom LaMarra
Racetracks are beginning to implement mobile wagering at their facilities with positive results, but officials said Oct. 3 they don't expect it to chase away tote machines and advance deposit wagering systems.
Customers continue to receive letters from TwinSpires.com informing them of an early August security breach that allowed access to basic personal information.
Due to a reporting error on in-state advanced deposit wagering bets during the final two weeks of the Del Mar meeting, the track has adjusted slightly downward its final figures on handle for its just-concluded meeting.
AmWest Entertainment has launched a player-driven wagering website called AmWager.com, the company announced Aug. 1.
Pari-mutuel handle at Del Mar continues to exceed 2011 levels, particularly on track, officials said July 29 after the second full week of racing.
Churchill Downs Inc. reported net earnings of $1.4 million in the first quarter of 2012, a reversal from a $3.2 million loss during the first three months of 2011.
Pari-mutuel handle at this year's 78-day Aqueduct winter/spring meet was up across the board, the New York Racing Association reported April 26.
TVG, the racing network and advance deposit wagering service, reported substantial pari-mutuel handle gains by partner racetracks April 14.
Sportech launched several initiatives, including a Spanish-language wagering website for Camarero Race Track in Puerto Rico and advance deposit wagering through Evangeline Downs & Casino in Louisiana.
The New Jersey Sports and Exposition Authority said March 1 it has reached an agreement with the New Jersey Thoroughbred Horsemen's Association for the lease of Monmouth Park in time for the track's 2012 racing season.
Representatives of eight advance deposit wagering companies seeking licenses to do business in Kentucky appeared before a racing commission subcommittee Feb. 29 to answer questions about their applications.
Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services passed the House of Representatives by a 79-15 vote Feb. 24.
Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services was approved in committee Feb. 21 and heads to the House of Representatives.
The National Horsemen's Benevolent and Protective Association will tackle several issues, including governmental affairs, high volume pari-mutuel bettors, and use of furosemide on race day during its convention Jan. 12-16.
Legislation that would impose an excise tax on advance deposit wagers made by Kentucky residents was introduced in the state House of Representatives Jan. 9.
- By Ron Mitchell
In a reversal from its long-standing interpretation, the U.S. Department of Justice has determined online gambling does not violate federal laws as long as it is conducted on non-sports.
Difficulty in obtaining pari-mutuel wagering pool data and detailed player data is a major hindrance to the racing industry determining the optimal price point for takeout rates, symposium speakers said Dec. 7.
The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.
Charlie Hayward said putting limits on out-of-state ADWs will hurt New York racing.
Keeneland has launched its own advance deposit wagering system, which is available to residents of Kentucky, Arkansas, Florida, Louisiana, and Ohio.
- By Tom LaMarra
The Jockey Club Aug. 14 announced a nine-step plan for the betterment of horse racing and breeding and expects to spend millions of dollars over the next five years to implement it.
California Gov. Jerry Brown has approved legislation that increases from 32 to 50 the limit on the daily number of imported races on which a racing association or fair simulcast facility in the state can accept wagers.
Legislation that will expand advance deposit wagering in Louisiana was signed into law by Gov. Bobby Jindal June 30.
Churchill Downs Inc. expects continued growth in its online wagering business, and with a little help from the Illinois governor, expansion of its gaming operations.
The top horse racing regulatory agency in Kentucky has approved regulations governing the licensing of advance deposit wagering providers and totalizator companies.
Calder Casino & Race Course and the Florida Horsemen's Benevolent and Protective Association's board of directors June 3 jointly announced a 7.5% purse increase beginning with Calder's June 3 race card.
As it prepares to open its race meet April 25, Calder Casino & Race Course as of April 22 did not have a contract for Advance Deposit Wagering with the Florida Horsemen's Benevolent and Protective Association.
The Keeneland Association has announced it will launch an advanced deposit wagering system this fall.
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