Keyword: pari-mutuel wagering

  • 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.

  • Churchill Downs wrapped up a successful fall meet Nov. 29

    Business Strong at Churchill Downs Fall Meet

    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.

  • Tampa Bay Downs returns to action with 10 races Nov. 28

    Tampa Bay Finds Success Despite Competition

    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.

  • Goldencents won the 2012 edition of the Delta Downs Jackpot

    'Jackpot' Comes of Age for Delta Downs

    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.

  • Handle Even, But Keeneland BC Gets High Marks

    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.

  • Woodbine Hikes Takeout on Most BC Wagers

    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

  • CDI Reports Increase in Earnings, Revenue

    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

    For Kirchner, 20 Years of BC Wagering

    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.

  • Fee for Tote Security Program Eliminated

    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.

  • Innovation in Racing Not Without Obstacles

    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.

  • Monmouth Park in New Jersey

    Monmouth Meet Holds Up in Face of Competition

    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.

  • Ohio HBPA Pulls Plug on ThistleDown Signal

    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.

  • Rock Fall wins the 2015 Vanderbilt.

    Handle Flat, Race Days Down in August

    Commingled wagering on Thoroughbred races in the United States was up less than 1% in August versus the same month in 2014, while purses paid dropped almost 3% in conjunction with a reduction of 56 racing days.

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    After 20 Days, Spa Handle Up $47.7M From 2014

    Aided by an almost 9% increase in average field size and eight more turf races, pari-mutuel handle at the midway point of the 40-day Saratoga Race Course meeting is showing strong gains compared with the same period in 2014.

  • Saratoga

    Saratoga Handle, Other Revenue Spikes

    Business so far at the Saratoga Race Course meet has been very strong, NYRA officials reported Aug. 12, but they also noted that operating revenue for the year is down compared with 2014.

  • Total Races, Pari-Mutuel Handle Up in July

    Perhaps helped a bit by added attention for horse racing following American Pharoah's Triple Crown sweep, wagering on U.S. races improved 1.41% in July to $903,673,455 when compared with July 2014.

  • WV Stakeholders Seek Racing Revenue Boost

    Racing stakeholders fully understand that having sports betting at tracks in West Virginia is a 90-1 shot. But other things like off-track betting are a bit more realistic as they fashion a wish list to increase revenue.

  • BHA Creates Horseracing Bettors Forum

    The British Horseracing Authority will create a Horseracing Bettors Forum designed to give those who wager on racing a chance to offer "constructive suggestions" on how the industry can develop and implement changes.

  • Alex Waldrop

    Waldrop Testifies on Wagering Tax Reporting

    The United States Department of Treasury and Internal Revenue Service were told June 17 that current regulations related to the tax withholding and reporting of pari-mutuel winnings are "unfair and totally burdensome."

  • Wagering Up Sharply at Belmont Festival

    The first two days of the inaugural Belmont Stakes Racing Festival showed sharp increases in on-track and all-sources wagering over the same two days in 2014, the New York Racing Association announced June 5.

  • Year-Over-Year Handle Up Almost 5% in May

    With pari-mutuel wagering up for the Kentucky Oaks day card, the Kentucky Derby day card, and the Preakness day card, racing enjoyed a 4.82% increase in wagering in the all-important month of May.

  • NTRA: Comments Needed on Withholding Changes

    The National Thoroughbred Racing Association is urging horseplayers and other industry stakeholders to submit comments in support of modernization of gambling withholding and reporting to the U.S. Department of Treasury.

  • Churchill Sues DRF Over Derby, Oaks Wagers

    Churchill Downs Inc. has filed suit against Daily Racing Form, alleging the company's DRF Bets wagering service violated the Interstate Horseracing Act when it took bets on this year's Kentucky Derby and Oaks.