Keyword: pari-mutuel wagering

  • CHRB Urges Closer Look at Takeout, Handle

    The California Horse Racing Board will move forward with a committee recommendation that it urge the horse racing industry to examine the issue of pari-mutuel takeout and its effect on wagering.

  • Oversight Board Reviews NYRA Finances

    California Chrome may have lost the Belmont Stakes (gr. I), but the potential for a Triple Crown winner helped to drive up the New York Racing Association's overall pari-mutuel handle in the first half of 2014.

  • Handle, Purses, Race Days Down in July

    Equibase reports pari-mutuel wagering on United States Thoroughbred races in July was down 3.47% and purses fell 5.67% from the same month a year ago with 13 fewer race days.

  • U.S. Wagering Up Less Than 1% for May

    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.

  • Lawmakers Back Change in Withholding Taxes

    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.

  • Handle on U.S. Races Down 3.08% Through April

    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.

  • Derby Day Handle Up, Weekly Betting Down

    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.

  • HANA Revises Track Ratings; Churchill Drops

    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.

  • Churchill Downs

    Churchill Downs to Increase Takeout Rates

    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.

  • Instant Racing Machines at Kentucky Downs.

    Instant Racing, ADW Taxes Approved in KY

    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.

  • Instant Racing Machines

    Lexington Tracks Eye Instant Racing Licenses

    Two Lexington racetracks are expected to apply for licenses to operate historical race wagering machines when the Kentucky Horse Racing Commission meets April 2.

  • Split Decision in Instant Racing Ruling

    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.

  • Report Reflects Competition Faced by Delaware

    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.

  • Status of Florida Gaming Bill Uncertain

    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.

  • Fair Grounds Generic

    Wagering Declines Lead to Fair Grounds Cuts

    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.

  • Laurel Park

    Average Daily Handle, Purses Up in Maryland

    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.

  • NJ Senate Committee OKs Instant Racing Bill

    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.

  • October Handle Increases 8.3% From 2012

    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.

  • <br><a target="blank" href="http://photos.bloodhorse.com/BreedersCup/2013-Breeders-Cup/Classic/33150031_7ZnLk4#!i=2878697079&k=XTLsnvd">Order This Photo</a>

    Two-Day Breeders' Cup Wagering Up 11%

    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 Hoping Fields Fuel Wagering

    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.

  • Breeders' Cup

    Breeders' Cup: Tradition, But Not Status Quo

    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.