The Department of Treasury and Internal Revenue Service have all but enacted new rules on withholding and reporting of pari-mutuel winnings that experts believe will pump tens of millions of dollars back into pari-mutuel pools.
In a record-breaking third quarter, Churchill Downs reports a 107% increase in net income when the three months ending Sept. 30 are compared with the same three months last year.
TwinSpires and the Paulick Report have teamed up to auction a pair of tickets to the Kentucky Derby and Kentucky Oaks (gr. I) to benefit the Retired Racehorse Project.
Record adjusted earnings for Kentucky Derby week, up more than $6 million compared with last year, helped Churchill Downs Inc. register record adjusted second-quarter earnings of $157.2 million.
Although other advance-deposit wagering options in Virginia remain, Colonial Downs announced April 7 that it will immediately shut down its EZ Horseplay ADW site.
Keeneland has moved closer toward launching historical race wagering both in Lexington with harness track partner The Red Mile and on a planned new Quarter Horse track in the Corbin, Ky. area.
Del Mar Thoroughbred Club opens today and with it TwinSpires.com's $42,000 Beat the Caveman Challenge. read blog
An investigation by the California Horse Racing Board has determined that two state-licensed advance-deposit wagering providers are currently offering or allowing players pools in violation of California law.
The Road to the Kentucky Derby Showdown features 2 races this weekend, the Spiral Stakes and the Sunland Derby. read blog
The Brisnet.com Ultimate Guide To Winning 1-million Points On TwinSpires. read blog
Regulators who believe advance deposit wagering companies are not paying their fair share to the industry squared off against ADW reps who noted that added taxation could slow the success of a growing portion of the industry.
The California Horse Racing Board Nov. 15 approved the wagering platform that allows players to buy and sell, "back" or "lay" wagers.
The CHRB could give its final approval to exchange wagering rules Nov. 15 when it meets at 9:30 a.m. PST in the Sunset Room at Betfair Hollywood Park.
Churchill Downs Inc. hopes to improve returns for its already successful online segment while drawing new customers to pari-mutuel wagering with its new on-line wagering site Luckity.com.
Proposed rules for operation of exchange wagering were approved for a 45-day public comment period by the California Horse Racing Board during its meeting March 22 at Santa Anita.
Jason, Tom and Steve from TwinSpires.com handicap the Stephen Foster Handicap at Churchill Downs. Watch Video
Jason, Tom and Tim handicap the Fountain of Youth Stakes (gr. II) and the Hutcheson Stakes (gr. II). Watch Video
Satisfied that owners were getting as much as possible for purses from a recent state increase in takeout, the California Horse Racing Board granted three advance deposit wagering companies one-year extensions Jan. 20.
Temporary license extensions of 30 days to the state's four advance deposit wagering companies were approved by the California Horse Racing Board Dec. 16.
Jason, Evan, and James Scully of twinspires preview the Super Derby (gr. II) at Louisiana Downs. Plus picks for the Woodbine Mile. Watch Now
Jason, Tom, and Tim Holland from twinspires preview the Presque Isle Downs Masters Stakes (gr. III), which features 4 grade I winners. Watch Now
Jason, Tom, and Rich Nilsen of twinspires.com preview the Woodward Stakes (gr. I). Plus picks for the Forego (gr. I). Watch Now
Jason, Tom, and, Tim Holland from twinspires preview the Sword Dancer Invitational (gr. IT) at Saratoga on August 15. Watch Now
An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.
A recent deal that allowed expanded distribution of the Fair Grounds racing signal was hailed by some as a step forward in the months-long nationwide dispute between horsemen, racetracks, and advance deposit wagering entities. But some horsemen's groups are categorizing the development as a step backwards in an overall plan to secure higher revenue shares for purses from a growing wagering segment.
With horsemen and Hollywood Park unable to come to agreement on revenue splits from account wagering sources for the upcoming autumn meet at the Inglewood track, the California Horse Racing Board agreed to conduct a special hearing to settle the impasse.
TwinSpires.com, the official advance deposit wagering service for Churchill Downs Incorporated, is teaming with 11-time "World Series of Poker" champion Phil Hellmuth Jr. to deliver the "Ultimate Kentucky Derby Players Weekend."
Louisiana operations helped Churchill Downs Inc. narrow its first-quarter loss, the company reported May 8.
A new advance deposit wagering service, TwinSpires, is prepared to launch on May 2, accepting wagers on the 2007 spring meet at Churchill Downs racetrack in time for the 133rd renewals of the Kentucky Derby Presented by Yum! Brands (gr. I) on May 5 and the Kentucky Oaks (gr. I) a day earlier, Churchill Downs Inc., announced.
Churchill Downs' new account wagering service, TwinSpires, will not be open for business in time for the opening of the 2007 spring meet on Saturday, Churchill Downs Inc. announced April 27.
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