Keyword: pari-mutuel

  • Alex Waldrop addresses
NTRA Press Conference on pari-mutuel tax law changes.
Sept. 26, 2017 in Lexington, Kentucky.

    NTRA Press Conference

    Watch the NTRA press conference on adoption of crucial new tax rules for pari-mutuel winnings that will benefit horseplayers, racing industry.

  • Keeping Pace by Frank Angst

    Kentucky Downs Believes in Pari-Mutuel Gaming

    Kentucky Downs’ takeout rates of 14% on the Pick 5 and 16% on win, place, and show wagers are among the lowest in the country. No Thoroughbred track is lower than Kentucky Downs’ 18.25% takeout on exactas and 19% takeout on trifecta wagers.

  • Keeping Pace by Frank Angst

    California Takeout Increase Falls Short

    Since California lawmakers approved a takeout hike effective for the 2011 racing season, the price increase on horseplayers has failed to deliver projected purse increases and has been followed by reduced handle and race days.

  • Dozen Congress Members Support IRS Reporting Changes

    Twelve members of Congress have signed a letter delivered to the Department of Treasury requesting recently proposed IRS regulations relating to the way pari-mutuel winnings are calculated for tax withholding and reporting purposes be finalized.

  • CRW Players Negatively Impacting Payouts

    According to a wagering expert, the industry's embrace of computer-robotic wagering through the high rebates required to sustain these players has resulted in a less attractive game for all other horseplayers.

  • Total Wagering Down Slightly in August

    While the amount of money wagered on each U.S. race increased in August, a decline in the number of races offered proved too steep a hurdle as total wagering declined 0.37% compared with August 2013.

  • CHRB Holding Committee Meetings June 19

    Two committees of the California Horse Racing Board will convene consecutively June 19 in the Sunset Room at Betfair Hollywood Park to address several matters of significance to the state's horse racing industry.

  • Foes Plan Appeal on Hialeah Casino Suit

    Three southeast Florida pari-mutuels are asking the Supreme Court of Florida to consider a review of a lower court's decision that authorizes Hialeah Park to have a casino with Las Vegas-style slot machines.

  • Bill Introduced to Eliminate Withholding Tax

    A bill was introduced in the U.S. House of Representatives April 28 that would eliminate the automatic 25% federal withholding on pari-mutuel winnings of $5,000 or more for bets that carry odds of 300-1 or higher.

  • Nevada Booking Bets After Signal Cut-Off

    Some Nevada casino racebooks are booking wagers on races from tracks affiliated with TrackNet Media Group after the content company recently cut off signals to the state over a contract dispute.

  • TrackNet Signal Cut-Off Looms in Nevada

    Despite comments from TrackNet Media Group that negotiations are "going backwards" over issues involving racing signals to Nevada racebooks, the player on the other side of the table offered guarded hope matters can be resolved before a Jan. 25 cut-off deadline.

  • Calder Handle Down Significantly

    Wagering in Florida on Calder Race Course's recently concluded Tropical at Calder meet fell 31% in 2008, according to the Florida Division of Pari-Mutuel Wagering.

  • TrackNet Poised to Cut Off Nevada

    TrackNet Media Group is poised to cut off its signals to more than 80 Nevada casinos Jan. 7 unless a new agreement is met for what the content company feels are more equitable fees.

  • Slot Machine

    Florida Slots Bills Die as Session Ends

    The Florida Legislature ended its annual two-month session May 2 without passing two slot machine bills that were sought by the Thoroughbred industry.

  • Woodbine: TV Combats Handle Cannibalization

    While California horsemen fret over the risk of customer cannibalization as a result of account wagering, Woodbine Entertainment officials say they have found just the opposite to be true: Televised racing drives wagering.

  • Virginia Commission joins NAPRA

    The Virginia Racing Commission has become the third racing jurisdiction to join the North American Pari-Mutuel Regulators Association this year, and the 26th to join the organization since it formed in 1997.