Keyword: pari-mutuel wagering

  • The NTRA actively lobbies Congress as part of its mission

    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.

  • 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.

  • Historical racing machine at Kentucky Downs

    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.

  • 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.

  • Golden Gate in Northern California

    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.

  • 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.

  • TVG chief executive officer Kip Levin

    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).

  • 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.

  • Canterbury Park in Minnesota

    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.

  • Churchill will host Kentucky Derby May 7

    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.

  • 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.

  • 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.

  • Hialeah Park currently offers only Quarter Horse racing

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Gulfstream Park is one of the Florida racetracks that has slot machines

    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.