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 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 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 Park reported record total pari-mutuel handle of $32.09 million for its 14-race Xpressbet.com Florida Derby (gr. I) program April 2.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Several tracks canceled live racing, and full-card simulcasts were suspended, because of a tote issue Jan. 26.
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.
Total wagering on Standardbred races in the United States was, like betting on Thoroughbred racing, up slightly in 2015 compared with the previous year.
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.
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.
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.
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 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.
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.
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.
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 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.
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.
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.
Maryland racing stakeholders the evening of Nov. 20 received a status report on the state of the industry, and they were told there is great potential for growth in the state.
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.
The Wyoming Pari-Mutuel Commission Nov. 13 approved two companies as historic horse race wagering providers and authorized use of several game themes.
State officials in Pennsylvania said they expect lawmakers the week of Nov. 16 to consider legislation that would, in part, stabilize the funding of horse racing regulation.
The New York Racing Association reported a rebound, at least in terms of total pari-mutuel handle, for the Belmont Park fall meet that ended Nov. 1.
Aided by more than $150 million in pari-mutuel handle for the two-day Breeders' Cup, commingled wagering on United States races in October was up 17.7% compared with the same month in 2014.
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.
Breeders' Cup reported a record Friday crowd for the first day of its World Championships Oct. 30 at Keeneland and a slight drop in total pari-mutuel handle compared with 2014.
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
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, 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.
Total and average pari-mutuel handle, as well as purses, were up slightly during the 81-day meet at Delaware Park that ended Oct. 17.
A tote security initiative launched by the TRPB remains on track, but in a major change, the organization said Oct. 7 there no longer is a need for outlets that receive simulcast signals to pay a monthly fee to fund it.
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.
Average daily all-sources and on-track pari-mutuel handle fell while average daily purses and field size rose during the 11-day September at Churchill Downs that ended Sept. 27.
Bettors on track and at simulcast outlets across the country will have an incentive at Suffolk Downs Oct. 3: The pari-mutuel takeout to a rate has been lowered to 15% across the board.
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.
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.
Keeneland and Red Mile officially opened their jointly owned historical racing parlor Sept. 17.
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