Casinos, Pari-Mutuel Supporters Join Forces in Georgia
Advocates of legalizing pari-mutuel wagering in Georgia are teaming up with casino operators for this year's legislative push.
Pari Mutuel Wagering
News, Articles, Videos and other content about Pari Mutuel Wagering
MJC Reports Handle Increase at Laurel Meet
Total pari-mutuel handle during the Laurel Park summer meet that ended Aug. 21 increased 20.2% from the comparable meet in 2015, according to Maryland Jockey Club statistics.
NTRA, Lobbyist Outline Federal Initiatives
The National Thoroughbred Racing Association and its Washington, D.C., lobbying firm are playing the waiting game regarding tax changes that would allow pari-mutuel bettors to keep more of their winnings.
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.
Historical Racing Argued Again in Court
Attorneys for two sides in the convoluted court battle over historical race wagering in Kentucky were in court again July 25, arguing whether the type machines in use at Kentucky Downs are in compliance with state regulations.
Quick Jump Out of the Gate for Del Mar
Officials at Del Mar reported increases in attendance and pari-mutuel handle for the California track's opening three-day weekend.
First-Half Numbers Show Gains in Ireland
Horse Racing Ireland July 14 reported generally positive economic indicators for the industry in the first half of 2016.
Congressmen Push Pari-Mutuel Tax Changes
Two members of Congress who support pari-mutuel tax changes submitted a joint letter July 12 urging the United States Department of Treasury to finalize new language.
Attendance Up, Handle Down at Santa Anita
Santa Anita Park reported a 3% increase in on-track attendance and a 5% decrease in all-sources pari-mutuel handle for its 99-day winter/spring meet, which ended July 10.
House Supports Bill Backing Tax Changes
If the recommendations are put in place, thresholds for reporting and withholding purposes on many winning exotic bet pari-mutuel wagers would be increased.
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.
Online Poker Bill Clears California Committee
Legislation that would divert up to $57 million a year to horse racing from Internet poker operations cleared the California Assembly Committee on Appropriations June 22.
Golden Gate Apologizes for Pick 6 Situation
California racing officials June 16 acknowledged a possible communications breakdown in regard to two races being taken off the turf on the final day of the Golden Gate meet and apologized to bettors for how the move impacted the Golden Pick 6.
Senate Committee OKs Pari-Mutuel Tax Changes
Industry efforts to change how threshold levels for tax reporting and withholding on winning pari-mutuel wagers are defined continues to pick up momentum in Washington, D.C.
Golden Gate Expects Large Pot for Pick 6
Golden Gate Fields officials expect a total Golden Pick 6 jackpot pool of more than $4 million when the Northern California track wraps up its winter/spring meet June 12.
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.
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.
MJC: Preakness Set Handle, Attendance Records
The Maryland Jockey Club reported attendance and total pari-mutuel handle records for the May 21 Preakness Stakes (gr. I) program at Pimlico Race Course.
Average Daily Handle Jumps at Laurel Park
Average daily pari-mutuel handle for the recent Laurel Park meet increased 34.6% from the comparable meet in 2015, the Maryland Jockey Club reported May 10.
TVG: Systems Failure 'Won't Happen Again'
TVG, a leading advance deposit wagering provider, said human error was responsible for a May 7 systems breakdown that halted online wagering for more than two hours during the running of the Kentucky Derby (gr. I).
Final Meet Numbers Show Growth at Keeneland
Keeneland May 2 released final spring-meet numbers that show growth in on-track wagering and field size for the 16-day meet that ended April 29.
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.
Canterbury to Cut Takeout Across the Board
Canterbury Park and its horsemen's group hope to make a statement this year with an across-the-board reduction in pari-mutuel takeout rates that will range from 15% to 18% for the 2016 meet.
Gulfstream Sets Total Handle Record for Meet
Gulfstream Park reported record total pari-mutuel handle of $807 million for its 85-day Championship meet that concluded April 3. Average daily handle was $9.49 million.
Gulfstream Reports Handle Record of $32.09M
Gulfstream Park reported record total pari-mutuel handle of $32.09 million for its 14-race Xpressbet.com Florida Derby (gr. I) program April 2.
NY OTBs, CDI Resume Rocky Simulcast Talks
With the Kentucky Derby Presented by Yum! Brands (gr. I) fast approaching, New York's off-track betting corporations and Churchill Downs Inc. have resumed negotiations to end a bitter dispute over simulcast fees.
NTRA Board Member Wagner New Chair of ARCI
Louisiana State Racing Commission member and 2001 winner of the National Handicapping Championship Judy Wagner is the new chair of the Association of Racing Commissioners International.
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 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.
Host of Gambling Issues On Table in New York
Racing and gambling matters are still in play in New York as the governor and lawmakers try in the coming week to put the finishing touches on a new state budget.
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 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.
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.
Oaklawn Announces Second Purse Increase
With on- and off-track pari-mutuel wagering both up at the halfway point of its 2016 meet, Oaklawn Park has again raised overnight purses, this time by up to $5,000 a race.
Florida Panel OKs Decoupling, Gaming Bill
Legislation that would allow most pari-mutuel operations to end live racing and become slot-machine casinos or card rooms with simulcast wagering easily cleared the Florida House Finance and Tax Committee Feb. 29.
Florida Panel Examines Decoupling Financials
A state group that studies the impact of tax changes in Florida offered a general assessment Feb. 26 that decoupling horse racing from gaming would have minimal effect on pari-mutuel revenue for state government.
Industry Makes Its Case Against Decoupling
Florida horse racing and breeding interests made their case against decoupling Feb. 9 during a House Regulatory Affairs Committee meeting, but lawmakers voted to move the legislation forward.
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.
Tote Issue Impacts Live Racing, Simulcasts
Several tracks canceled live racing, and full-card simulcasts were suspended, because of a tote issue Jan. 26.
Wagering Issues Focus of Asian Conference
Wagering-related issues continue to shadow the horseracing industry as evidenced by the first business session Jan. 26 during the Asian Racing Conference in Mumbai, India.
U.S. Standardbred Handle Up Slightly in 2015
Total wagering on Standardbred races in the United States was, like betting on Thoroughbred racing, up slightly in 2015 compared with the previous year.
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.
Live Handle Up at Maryland Tracks in 2015
The Maryland Jockey Club reported a healthy increase in total live pari-mutuel handle at Laurel Park and Pimlico Race Course in 2015 despite two fewer racing days compared with 2014.
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.
NY Video-Streaming Approved for Another Year
New York State Gaming Commission officials announced an agreement Dec. 22 to continue a program through 2016 that permits the state's tracks and off-track betting corporations to video-stream races.
Los Alamitos Handle, Purses Increase
Los Alamitos Race Course ended its second winter Thoroughbred meet Dec. 20 with a 2.3% increase in all-sources pari-mutuel handle over the inaugural season in 2014.
VRC Suspends TwinSpires ADW License
TwinSpires.com, one of three advance deposit wagering systems licensed to accept bets from Virginia residents, had its license suspended by the Virginia Racing Commission effective Dec. 18.
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.
Decoupling Option Part of Tribal Compact
A pricey compact between Florida Gov. Rick Scott and the Seminole Tribe allows for the decoupling of casino gambling and pari-mutuel racing, but whether that provision becomes law remains to be seen.
Stronach Tracks Sue Contest Site DerbyWars
Stronach Group racetracks have filed a federal lawsuit against the operators of the daily racing contest site DerbyWars, claiming that the site is operating unlawfully in using Stronach track races.
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