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
Kentucky Downs, which holds a short all-turf meet in September, has topped the 2015 Horseplayers Association of North America Racetrack Rankings.
The Stronach Group remains optimistic about the future of the horse racing industry in North America and will continue to push for what it believes are fundamental structural changes needed to move the business forward.
Churchill Downs reported a 1.08% increase in all-sources wagering for this year's Kentucky Derby (gr. I) program May 3, but an overall 1.81% decrease in total pari-mutuel handle for the six days that make up Derby week.
Northlands Park in Alberta, Canada, begins its meet May 2 with pari-mutuel takeout rates it says are the lowest in North America.
The Horseplayers Association of North America has re-released its 2014 HANA Racetrack Ratings in the wake of a decision by Churchill Downs to increase pari-mutuel takeout rates to the maximum permitted by state statute.
In what it says is an effort to maintain daily purses and its stakes schedule, Churchill Downs plans to increase its takeout rate on win, place, and show bets as well as exotic wagers in 2014.
A New Jersey Senate committee Dec. 9 approved legislation that would authorize historical race wagering, also known as Instant Racing, at the state's racetracks, off-track wagering parlors, and casino race books.
Pari-mutuel takeout rates and other issues were discussed during a lightly attended meeting of the New York State Racing Fan Advisory Council Oct. 19 at Belmont Park.
Former New York Racing Association president and chief executive officer Charles Hayward said Jan. 24 he wants the association to meet its obligations in the wake of his being fired last year.
The New York Racing Fan Advisory Council has released its formal recommendations for ways to improve horse racing in the state, and at the top of the list is lower pari-mutuel takeout.
- By Tom LaMarra
Here are 10 off-the-wall predictions for 2011. The way things go in horse racing, there's probably a chance one or two of them will come to fruition. Read Blog
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