Growth in out-of-state wagering on its product helped Pimlico Race Course record an increase in average daily pari-mutuel handle for the 2014 spring meet.
The National Thoroughbred Racing Association June 5 reported growing support for its effort to change the way pari-mutuel winnings are calculated for tax purposes.
Though boosted by major racing days May 2-3 and a fifth Saturday in the month, worldwide commingled wagering on United States Thoroughbred races increased only 0.92% for May versus the same month in 2013.
The NTRA said June 3 members of Congress have asked the U.S. Department of Treasury to clarify regulations on the taxing of pari-mutuel wagers. The trade organization also is asking bettors to support an online petition.
The Maryland Jockey Club reported record attendance for the May 17 Preakness Stakes (gr. I) program as well as an increase in total wagering from 2013.
Weather conditions impacted the Black-Eyed Susan Stakes (gr. II) program at Pimlico Race Course May 16. Total wagering on the card was down more than 13% from last year.
TVG said it posted significant gains in wagering for the May 3 Kentucky Derby Presented by Yum! Brands (gr. I) program.
- By Tom LaMarra
A decline in commingled pari-mutuel handle on United States racing in April versus the same month last year left total wagering down 3.08% for the first four months of 2014, according to Equibase statistics.
Atlantic City Race Course registered an 11.69% increase in average daily pari-mutuel handle during its rain-shortened meet from April 24-29.
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.
Total purses generated by slot machines in Pennsylvania in 2013 dropped 6.57% from the previous year according to a benchmark report released April 9 by the Pennsylvania Gaming Control Board.
The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.
- By Tom LaMarra
Two Republican members of Congress have introduced legislation that would ban Internet gambling by restoring the original interpretation of the federal Wire Act.
Two Lexington racetracks are expected to apply for licenses to operate historical race wagering machines when the Kentucky Horse Racing Commission meets April 2.
Ellis Park in Henderson, Ky., is seeking to make changes in its historical racing operations, including removal of 50 terminals that will be sent to Kentucky Downs in Franklin.
If the monthly average holds, total wagering on historical races in Kentucky will top $600 million by the end of February. The devices have been operating in the state for 29 months.
Overnight purses at Fair Grounds Race Course & Slots have been reduced 10% for the rest of the current race meet, track officials said Feb. 20.
The Kentucky Supreme Court has ruled the state's horse racing commission has the statutory authority to allow wagering on historical racing, but questions about taxation will require further action in circuit court.
Total on-site pari-mutuel wagering at Delaware Park in 2013 totaled $149.2 million, down 4.1% from $155.5 million in 2012, according to the annual report released Feb. 6 by the Delaware Thoroughbred Racing Commission.
The Florida Thoroughbred and Quarter Horse industries Feb. 3 renewed their request for the Florida legislature to clarify state laws on the definition of a horse race and released a study on breeding and racing's impact.
Hollywood Casino at Charles Town Races Jan. 21 received funding to install a camera surveillance system in its barn area and make upgrades to existing equipment.
An agenda for the Jan. 15 New Jersey Racing Commission meeting lists the following item for discussion and information: a shutdown of four Atlantic City casino race books.
Citing an overall decline in wagering, Fair Grounds Race Course & Slots has canceled four stakes and cut purses for a dozen others, including the Fair Grounds Oaks (gr. II), which went from $500,000 to $400,000.
- By Tom LaMarra
Wagering on harness races in the United States increased 6.07% in 2013, while purses paid were up 4%, according to statistics released Jan. 6 by the United States Trotting Association.
The Maryland Jockey Club reported average daily pari-mutuel handle on live racing was up 4.1% in 2013 versus 2012 thanks to growth in export wagering. Purses, meanwhile, continued to increase in Maryland.
Hollywood Casino at Penn National Race Course posted a record daily average pari-mutuel handle for its 197-night meet in 2013, a track official said Dec. 30.
With New Year's Eve approaching, it's time for Gulfstream Park and Calder Casino & Race Course to fire the first shots in their next battle over racing dates.
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.
New York Gov. Andrew Cuomo has signed legislation to create a statewide standard for rebate programs at racetracks and off-track betting corporations.
- By Tom LaMarra
Despite 25 fewer racing programs, commingled wagering on United States races increased 8.3% in October versus the same month in 2012, according to the Thoroughbred Racing Economic Indicators.
Strong wagering on Nov. 2 fueled an 11% increase in total commingled pari-mutuel handle for the two-day Breeders' Cup World Championships at Santa Anita Park, according to figures released by the organization.
Breeders' Cup reported that total commingled pari-mutuel handle for its Nov. 1 program at Santa Anita Park on Friday was up 8% from 2012.
When the overnight sheets for Nov. 1-2 at Santa Anita Park were released, Breeders' Cup officials couldn't help but be satisfied. And they're hoping it means strong pari-mutuel wagering on this year's World Championships.
Despite 12 fewer live racing days, all-sources pari-mutuel handle during the Delaware Park meet was only down about $1.5 million, while average daily handle increased 13.2%.
As the Breeders' Cup World Championships approaches its 30th edition, some things have become standard from an operations perspective, while others continue to change. As questions are answered, new ones are asked.
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.
Racing executives indicated Oct. 9 there is little chance of the Thoroughbred racing industry developing a comprehensive analysis of lower pari-mutuel takeout rates.
- By Tom LaMarra
By 2016 the number of starters in Thoroughbred races is projected to be about 39% less than it was in 2003 based on Equibase statistics discussed Oct. 8 during the International Simulcast Conference in Lexington.
Upgrading the on-site customer experience, be it for live horse racing or full-card simulcasts, is critical to the growth of the business, panelists said Oct. 7 on the first day of the International Simulcast Conference.
Portland Meadows in Oregon concluded its short summer meet Sept. 29 with substantial increases in pari-mutuel handle.
Tampa Bay Downs finished first again in August in Florida for host-track revenue on import simulcasts, and it appears that questions about the track's year-round eligibility for host status will remain unresolved for now.
The Florida Senate Committee on Gaming was told Sept. 23 it will review multiple scenarios prepared by a consultant in regard to the possible expansion of gambling in the state.
- By Tom LaMarra
Wagering on United States races was strong in August, with a 4.69% increase from the same month in 2012, according to the Thoroughbred Racing Economic Indicators released by Equibase Sept. 4.
Southeast Florida began its fourth head-to-head racing weekend July 27 with Gulfstream holding an almost 2-1 edge in pari-mutuel handle and Calder rejecting speculation it might soon cancel racing dates.
The first weekend showdown between Calder Casino & Race Course and Gulfstream Park had both tracks claiming some wagering success.
A New Jersey lawmaker has introduced a bill to authorize historical race wagering, also called Instant Racing, at racetracks, off-track wagering facilities, and casinos in the state.
Seven more live racing dates during the spring meet at Pimlico Race Course led to an increase in total pari-mutuel handle, but the daily average declined, the Maryland Jockey Club reported June 11.
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