Keyword: pari-mutuel handle

  • Woodbine Hikes Takeout on Most BC Wagers

    Woodbine said Oct. 29 it will raise the pari-mutuel takeout rates on many Breeders' Cup wagers because of a new standardized revenue model, action that sparked a rebuke from the Horseplayers' Association of North America

  • CDI Reports Increase in Earnings, Revenue

    Churchill Downs Inc. reported a 19% increase in net earnings for the third quarter of 2015 compared with the same three months last year, and attributed a 61% spike in net revenue for the quarter to Big Fish Games.

  • 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.

  • Innovation in Racing Not Without Obstacles

    Fantasy sports, fixed odds, and broader distribution were offered as potential avenues of growth for the pari-mutuel racing industry - all with caveats - during an Oct.6 session at the International Simulcast Conference.

  • Monmouth Park in New Jersey

    Monmouth Meet Holds Up in Face of Competition

    Monmouth Park officials said given the intense competition for gambling dollars and horses in the Mid-Atlantic and Northeast regions, the numbers from its just-completed 2015 race meet held up fairly well versus last year.

  • Ohio HBPA Pulls Plug on ThistleDown Signal

    For the second time in three years, the Ohio Horsemen's Benevolent and Protective Association has pulled the plug on the exporting of ThistleDown Racino's live racing signal.

  • Rock Fall wins the 2015 Vanderbilt.

    Handle Flat, Race Days Down in August

    Commingled wagering on Thoroughbred races in the United States was up less than 1% in August versus the same month in 2014, while purses paid dropped almost 3% in conjunction with a reduction of 56 racing days.

  • Laurel Park

    MJC: Laurel Meet Offered Building Blocks

    Based on the results of a 23-day summer meet at Laurel Park that generated positive numbers and response from the local community, the Maryland Jockey Club intends to do so again next year -- on some level.

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    After 20 Days, Spa Handle Up $47.7M From 2014

    Aided by an almost 9% increase in average field size and eight more turf races, pari-mutuel handle at the midway point of the 40-day Saratoga Race Course meeting is showing strong gains compared with the same period in 2014.

  • Saratoga

    Saratoga Handle, Other Revenue Spikes

    Business so far at the Saratoga Race Course meet has been very strong, NYRA officials reported Aug. 12, but they also noted that operating revenue for the year is down compared with 2014.

  • Total Races, Pari-Mutuel Handle Up in July

    Perhaps helped a bit by added attention for horse racing following American Pharoah's Triple Crown sweep, wagering on U.S. races improved 1.41% in July to $903,673,455 when compared with July 2014.

  • 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.

  • Richard Skinner, vice president and general manager for ThistleDown

    ThistleDown Reaps Results of Improved Program

    This year's $500,000 Ohio Derby in retrospect can be considered a success on several levels, and management at ThistleDown Racino expects the marquee race--and the overall racing product--to only get better.

  • Alex Waldrop

    Waldrop Testifies on Wagering Tax Reporting

    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."

  • Wagering Up Sharply at Belmont Festival

    The first two days of the inaugural Belmont Stakes Racing Festival showed sharp increases in on-track and all-sources wagering over the same two days in 2014, the New York Racing Association announced June 5.

  • Year-Over-Year Handle Up Almost 5% in May

    With pari-mutuel wagering up for the Kentucky Oaks day card, the Kentucky Derby day card, and the Preakness day card, racing enjoyed a 4.82% increase in wagering in the all-important month of May.

  • NTRA: Comments Needed on Withholding Changes

    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.

  • Preakness: Record Attendance, Bump in Handle

    The Maryland Jockey Club reported record attendance of 131,680 for the May 16 Xpressbet.com Preakness Stakes (gr. I) at Pimlico Race Course as well as an increase in pari-mutuel handle from last year's event.

  • Gulfstream Park

    Gulfstream Reports Solid Meet Numbers

    Average field size at Gulfstream Park for its Dec. 6, 2014-April 5 race meet grew 13.1% from 8.4 to 9.5 horses per race, while average daily all-sources pari-mutuel handle slipped 1.7% but was still a solid $8.1 million.

  • 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.

  • Churchill Downs Inc. Looking Forward to Derby

    After a record-breaking first quarter for Churchill Downs Inc., company officials expect more good news as one executive predicts record revenues from Kentucky Derby Presented by Yum! Brands (gr. I) week.

  • NJ Casino Simulcast Bill Signed Into Law

    Legislation designed to encourage Atlantic City casinos to offer full-card simulcasts -- or at least protect them at the one casino that still offers wagering on horse races -- was signed into law April 27.

  • Keeneland Spring Handle Figures Down

    Keeneland concluded its 15-day meet April 24 with overall on-track attendance ranking the fourth-highest in spring meet history, but pari-mutuel handle figures were off from last year's meet.

  • Gulfstream Park

    Gulfstream Begins New Meet With Momentum

    Gulfstream Park will open its 2015 spring/summer racing season April 8 with an eight-race card topped by a $46,000 allowance optional claimer that includes the Todd Pletcher-trained stakes runner Vinceremos.

  • Total, Average Handle Increase at Turfway

    Turfway Park recorded increases in all-sources and average daily pari-mutuel handle during its recently concluded 2015 winter/spring meet. Field size and purses also showed gains during the 2015 meet.

  • Cooperative, Monarch End Simulcast Dispute

    The lengthy dispute that has kept members of the Mid-Atlantic Cooperative from offering wagering on racetracks represented by Monarch Content Management has ended, an official confirmed March 27.

  • Kentucky Gov. Steve Beshear signs Breeders' Cup Tax Exemption Bill.

    KY Governor Signs BC Tax Exemption Bill

    Kentucky Gov. Steve Beshear March 17 signed into law a bill that will erase the state tax for on-track pari-mutuel handle on live races at Keeneland during the two days of the Breeders' Cup Oct.30-31.