Keyword: pari-mutuel handle

  • 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.

  • Penn National Race Course

    PA Report Shows Impact of Slots on Purses

    Statistics in the Pennsylvania Horse Racing Commission annual report for 2015 reflect how integral revenue from slot machines is to purses for Thoroughbred and Standardbred racing at six racetrack casinos in the state.

  • Phantom Dollars Flood Track's Double Pool

    A computer glitch linked to United Tote resulted in more than $100,000 in bogus wagers pouring into a daily double pool in late April at Plainridge Park, a Massachusetts Standardbred track.

  • Creator and Irad Ortiz Jr.

    Belmont Stakes Handle Takes a Dip

    With no Triple Crown on the line this year, betting on the Belmont Stakes presented by NYRA Bets (gr. I) was well off the 2015 figure when American Pharoah capped his historic run.

  • 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.

  • Racing at Churchill Downs

    Churchill Downs Bumps Overnight Purses 4%

    Because of an increase in pari-mutuel revenue from Kentucky Derby (gr. I) week business, Churchill Downs June 1 said it will increase overnight purses by 4% for the remainder of its spring meet, which ends July 2.

  • All-sources handle was up this winter at Aqueduct

    NYRA Board Awaits Action on Legislation

    As it waits for a decision on the future of the New York Racing Association, the organization's board of directors May 25 spent less than five minutes discussing rumors of a proposal that would keep the association under state control.

  • Rosecroft Raceway in Maryland

    Stronach Group Has Deal to Buy Rosecroft

    The Stronach Group May 16 said it has entered into an agreement to purchase Rosecroft Raceway, one of two harness tracks in Maryland and a major off-track wagering outlet for Thoroughbred racing, from owner Penn National Gaming Inc.

  • 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.

  • Penn National is one of six tracks in Pennsylvania

    PA Report: Slots Provide Almost 90% of Purses

    More than $228 million was accrued for purses at six Pennsylvania racetracks in 2015 with almost 90% of the funds derived from slot machine revenue, according to an annual report that analyzes the racetrack gaming industry in the state.

  • More Than $10.7M Wagered on Rainbow 6

    North American Pick 6 wagering records were set March 26 at Gulfstream Park, spurred by a scheduled 20-cent Rainbow 6 mandatory payout that yielded a payoff of $89,456.54 to the 147 ticket-holders with all six winners.

  • Gulfstream Park

    Gulfstream Predicts Major Rainbow 6 Pool

    A mandatory payout of the entire 20-cent Rainbow 6 pool is set for the March 26 program at Gulfstream Park, where the carryover jackpot for the popular multi-race wager swelled to $4,503,332.31 the previous day.

  • Tampa Bay Downs

    Tampa Sets Handle Record for One Program

    Full fields, three graded stakes, and quality horses helped Tampa Bay Downs register record total pari-mutuel handle for one program March 12. More than $12 million was wagered on 12 races.

  • NYRA president Christopher Kay

    NYRA Board Preparing Privatization Plan

    The New York Racing Association is preparing to return to private control, board chairman Michael Del Giudice said at a meeting of the association's board of directors March 10 in New York City.

  • Easter Indy wins the 2016 Downthedustyroad Breeders' Stakes.

    Total Handle, Purses Up in February

    Commingled pari-mutuel handle on United States races in February was up 6.43% from the same month in 2015, according to the Thoroughbred Racing Economic Indicators released by Equibase March 4.

  • Betting was a topic during National HBPA convention Feb. 4

    HBPA Forum: Are Biggest Bettors Demonized?

    The impact big bettors have on pari-mutuel handle and the resulting revenue, as well as the need to recognize that horse owners are bettors, too, was the focus of a Feb. 4 forum during the National HBPA convention in Florida.

  • IL Group Restates Opposition to Rule Changes

    The Illinois Thoroughbred Horsemen's Association Jan. 24 said proposed changes in state racing regulations, as well as another rule that allows racetracks to "recapture" purse money, "threaten to crush" horse racing.

  • Watch My Smoke wins the 2015 Louisiana Champions Day Starter Handicap.

    Handle Inches Up, Purses Drop Slightly

    Despite more than 2,300 fewer races compared with 2014, commingled pari-mutuel handle on United States races inched up 1.18% to $10,676,223,640 in 2015. It is the first year-over-year increase since 2012.

  • R B Wild Promise wins at 206-1 odds.

    Records Fall at Mahoning Valley Race Course

    On a day in which Hollywood Gaming at Mahoning Valley Race Course posted record single-program pari-mutuel handle of $1,182,223, a record payoff of $415.20 for a $2 wager provided a trainer with her first-ever career victory.

  • Sunland Snowed Out After Good Start

    The 2015-16 meet at Sunland Park Racetrack and Casino got off to a good start, but it was sidetracked Dec. 27 when live racing was canceled because of a winter storm that dumped more than nine inches of snow on the area.

  • A successful Saratoga meet this year contributed to financial gains for NYRA

    NYRA: Handle, Attendance, Income Increase

    At the end of a year that saw record-breaking wagering and attendance, the board of directors of the New York Racing Association Dec. 9 celebrated success while at the same planning conservatively for the future.

  • Churchill Downs wrapped up a successful fall meet Nov. 29

    Business Strong at Churchill Downs Fall Meet

    Total pari-mutuel handle during the 21-day Churchill Downs fall meet was $104,626,990, up 9.9% from $95,225,065 for a 24-day fall meet in 2014. Average daily handle jumped 25.6% to $4,982,238 from $3,967,711 in 2014.

  • Tampa Bay Downs returns to action with 10 races Nov. 28

    Tampa Bay Finds Success Despite Competition

    As Tampa Bay Downs prepared to begin its meet Nov. 28, Peter Berube, general manager at the Florida racetrack, discussed its model for success in the face of competition from tracks with alternative gaming.

  • Goldencents won the 2012 edition of the Delta Downs Jackpot

    'Jackpot' Comes of Age for Delta Downs

    The $1 million Delta Downs Jackpot, inaugurated in 2002, has come a long way, and a decision made several years ago to move the race to the afternoon has led to strong gains in pari-mutuel wagering.

  • Mahoning Valley Race Course

    Ohio Racing Benefits From Misfortune in WV

    The early closure of Mountaineer Casino, Racetrack & Resort in West Virginia has had a positive impact on Hollywood Casino at Mahoning Valley Race Course, at least for the first six days of its 2015-16 meet.

  • Turfway Park will begin its four-month season Dec. 3

    KTDF Money Leads to Turfway Purse Adjustment

    Turfway Park, which accounts for a third of Kentucky's year-round racing calendar, will begin its season Dec. 3 with lower purses, primarily because of less Kentucky Thoroughbred Development Fund money.

  • Handle Even, But Keeneland BC Gets High Marks

    Wagering on this year's Breeders' Cup was about even with last year, and officials said Keeneland measured up well as a first-time host site given its investment in the infrastructure needed to accommodate the event.