The United States Department of Treasury and Internal Revenue Service were told June 17 that current regulations related to the tax withholding and reporting of pari-mutuel winnings are "unfair and totally burdensome."
Alex Waldrop, president and chief executive officer of the National Thoroughbred Racing Association, will address proposed changes to regulations on the taxing of pari-mutuel wagers at a June 17 hearing in Washington, D.C.
After a slow start that required a push for broad industry participation, the NTRA June 3 said more than 11,600 comments were submitted to the United States Department of Treasury on wagering tax changes.
With American Pharoah attempting to complete a Triple Crown in the June 6 Belmont Stakes (gr. I) at Belmont Park, industry leaders talk about what the first Triple Crown sweep since 1978 would mean for the sport.
Jeff Burch has been named senior vice president of NTRA Advantage, the National Thoroughbred Racing Association's group purchasing arm.
The National Thoroughbred Racing Association is urging horseplayers and other industry stakeholders to submit comments in support of modernization of gambling withholding and reporting to the U.S. Department of Treasury.
The National Thoroughbred Racing Association said its fiscal year that ended Jan. 31 produced net revenue of $190,340, the third consecutive year in which revenue outpaced expenses.
The National Thoroughbred Racing Association continues to move forward on work to reform tax rules on withholding and reporting with respect to pari-mutuel winnings and is calling for industry support of these efforts.
The executive committee of the Racing Medication and Testing Consortium (RMTC) has approved a uniform testing threshold of 110 parts per billion (ppb) in blood for the naturally occurring amino acid gamma-aminobutyric acid.
Racing industry officials said they again expect to see federal legislation filed this year that would authorize the United States Anti-Doping Agency to oversee equine medication and drug testing procedures.
The board of directors of the Racing Medication and Testing Consortium (RMTC) today announced that a uniform threshold for cobalt regulation in the U.S. was approved at its March 24 meeting at Gulfstream Park.
Sunland Park Racetrack & Casino earned reaccreditation from the National Thoroughbred Racing Association's Safety and Integrity Alliance, the NTRA announced March 19.
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.
The National Thoroughbred Racing Association has unveiled its federal legislative agenda for the 114th Congress, including tax matters, internet gaming, immigration, and racehorse drug and medication regulation and testing.
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.
Bryan Pettigrew has been named to the position of Breeders' Cup senior vice president, marketing and sponsorship, it was announced Jan. 20. Pettigrew, who will be based in Lexington, will begin his duties Feb. 2.
Churchill Downs Inc. announced Jan. 16 that Mike Ziegler has been named to its new post of executive director of racing. Ziegler will assume his position Jan. 26 and will report directly to CDI president Bill Mudd.
The NTRA, Lockton Insurance Brokers, and Burns & Wilcox Brokerage have completed development of a new jockey accident coverage insurance program for racetracks that aims to offer enhanced coverage.
The nonprofit Thoroughbred retirement center Old Friends will be presented the Special Eclipse Award at ceremonies Jan. 17 at Gulfstream Park in Hallandale Beach, Fla.
The industry's Racing Medication and Testing Consortium plans to reorganize its own Scientific Advisory Committee but does not plan to merge with the Association of Racing Commissioners International.
Capping an extraordinary career as one of North America's premier race track announcers and one of the most popular personalities in Thoroughbred racing, Tom Durkin will be honored with the Eclipse Award of Merit.
The Association of Racing Commissioners International has asked that the industry's Racing Medication and Testing Consortium be merged into a new RCI scientific advisory board.
The National Thoroughbred Racing Association announced Dec. 5 that the NTRA Advantage program has surpassed the $700 million mark in sales of goods and services since the inception of the group purchasing arm in 2002.
Jeannine Edwards, a sports broadcaster for ESPN and ABC, will host the Eclipse Awards presentations Jan. 17 at Gulfstream Park Racing & Casino in Hallandale Beach, Fla.
Unless horse racing first reaches industry consensus on medication reform, the National Thoroughbred Racing Association does not expect Congress to move forward on federal medication legislation.
The Arkansas Racing Commission approved the entire program Sept. 11. Once implemented, Arkansas will become the sixth state to fully administer the Racing Medication and Testing Consortium's National Uniform Medication rules.
The National Thoroughbred Racing Association will host its next legislative briefing open to industry stakeholders and other interested parties Aug. 21 in the Del Mar Turf Club director's room.
Advocates for change in horse racing didn't find much reason for optimism in the National Thoroughbred Racing Association's legislative update held in Saratoga Springs Aug. 7.
The National Thoroughbred Racing Association, the NTRA Advantage group purchasing program, and Nationwide Insurance announced Aug. 7 that they have entered into a marketing agreement.
The National Thoroughbred Racing Association has scheduled three legislative briefings in August and September. The first one will be held Aug. 7 at Fasig-Tipton in Saratoga Springs, N.Y.
Churchill Downs Inc. on July 31 became the 24th racetrack entity in the United States to commit to making a contribution to the Racing Medication and Testing Consortium.
Indiana Grand Racing & Casino in Shelbyville, Ind., has earned accreditation from the NTRA Safety and Integrity Alliance, it was announced June 25.
The National Thoroughbred Racing Association June 5 reported growing support for its effort to change the way pari-mutuel winnings are calculated for tax purposes.
The NTRA said June 3 members of Congress have asked the U.S. Department of Treasury to clarify regulations on the taxing of pari-mutuel wagers. The trade organization also is asking bettors to support an online petition.
The Indiana Horse Racing Commission April 30 adopted the Controlled Therapeutic Medication Schedule and multiple medication violation penalty system, but a watchdog organization said it's premature to call it uniformity.
The Horseracing Testing Laboratory Committee of the Racing Medication and Testing Consortium has approved full accreditation of three laboratories, it announced April 30.
Two-time Horse of the Year Wise Dan opened as the 4-1 favorite in the first-ever Horse of the Year future bet odds listed April 25 by bookmakers William Hill.
The National Thoroughbred Racing Association Board of Directors on April 17 approved the association's audited financial results for the fiscal year concluding Jan. 31, 2014, which reflect net revenues of $667,477.
Racing jurisdictions have made progress on equine medication reform but states and their regulatory agencies must commit to move quickly and in unison, said Alex Waldrop, president of the NTRA and chairman of the RMTC.
The United States Senate Finance Committee reported April 3 legislation that would extend expired or expiring tax provisions for race horses, including a provision to extend the three-year recovery period.
Gulfstream Park Racing & Casino will serve as host for the next two Eclipse Awards ceremonies in January 2015 and 2016 under an agreement with the National Thoroughbred Racing Association announced March 26.
The Racing Medication and Testing Consortium board of directors took several actions March 17 intended to further the process toward the nationwide adoption of uniform medication rules, penalties, and testing.
The pros and cons of exchange wagering were among the highlights of the Jan. 24 session of the Horsemen's Benevolent and Protective Association winter convention in Pasadena, Calif.
The Florida Thoroughbred Breeders' and Owners' Association has reached an agreement to serve as an official partner of the 43rd annual Eclipse Awards, the National Thoroughbred Racing Association announced Jan. 9.
A series of special events leading up to the Eclipse Awards, will benefit a range of racing-related charities, including the Gulfstream Thoroughbred Aftercare Program and Permanently Disabled Jockeys Fund.
The Thoroughbred Aftercare Alliance (TAA) will be presented with the Special Eclipse Award during the 43rd annual Eclipse Awards ceremony Jan. 18 at Gulfstream Park Racing & Casino in Hallandale Beach, Fla.
California has become the latest state to enact medication reforms developed by the Racing Medication and Testing Consortium and adopted as model rules by the Association of Racing Commissioners International.
The NTRA is submitting a letter to the Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade outlining progress in the national reform effort to enhance the safety and integrity of racing.
The Racing Medication and Testing Consortium's Tactical Research Program was instrumental in the Delaware Thoroughbred Racing Commission's recent prosecution of trainer Donald Roberson.
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.
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