ADW

Sorry, Wrong Number: Turf Paradise Ending Telephone Wagering

Turf Paradise in Phoenix, Ariz., is pulling the plug on telephone wagering less than three years after the outdated service went into effect. A statement on the Turf Paradise website said: “Effective January 9, 2018, all Phone Betting Accounts for Arizona residents will no longer be active. This includes phone betting accounts with TVG, Twin Spires, Xpressbet […]

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TwinSpires To Implement Revisions To IRS Reporting, Withholding Regulations Thursday

In the wake of the IRS’ announcement regarding pari-mutuel wagering on Monday, bet-taking companies across the nation have been rushing to find ways to implement the new tax regulations. Of the “Big Three” advance-deposit wagering companies, TwinSpires was the first to say it will offer horseplayers the chance to take advantage of the new rules […]

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WatchandWager Launches New Business Trading Initiative

The board of Webis, the Group specializing in pool wagering and the operators of Cal Expo, the California harness track, is pleased to announce that its Advanced Deposit Wagering (“ADW”) business, WatchandWager.com LLC (“WatchandWager”) launched a new initiative of the company called Business Trading with the release of the website www.wawbusinesstrading.com that reaffirms the group’s […]

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First Year Of NYRA Bets Sees 50 Percent Geographic Expansion, Availability In 29 States

Following its launch during the 2016 meet at Saratoga Race Course, NYRA Bets, a leading advance deposit wagering (ADW) platform, has increased its geographic reach by nearly 50 percent and is now available in 29 states nationwide. The operation of NYRA Bets provides a variety of benefits to the New York Racing Association (NYRA) and […]

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‘Show’ Us The Money? The Plight Of A Simple Wager

The modern menu of betting options in North American horse racing has reached dizzying levels. Daily Double, Pick 3, 4, 5, 6, exacta, trifecta, superfecta, Super High Five, Pick 6 jackpots, Grand Slams, Place Pick All. You get the idea. But it’s one of the oldest and most basic wagers that has horseplayers in fits, […]

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Record-Setting Handle Of $209.2 Million Reported On Kentucky Derby Day

Derby fans weathered rainstorms and the unseasonal cold during the day, to watch post-time favorite Always Dreaming win the 143rd Kentucky Derby Presented by Yum! Brands over a sloppy track. Attendance of 158,070, was the seventh highest attendance figure in track history. Wagering from all-sources was the highest all-time on both the Kentucky Derby Day […]

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UPDATED: Thoroughbred Owners Of California, TwinSpires In Dispute Over On-Track ADW Wagers

During Thursday’s meeting of the California Horse Racing Board, Thoroughbred Owners of California chief executive officer Greg Avioli said his organization has withdrawn consent for the Churchill Downs Inc.-owned ADW company TwinSpires to accept wagers from California residents. The decision, Avioli said, stems from TwinSpires not meeting a deadline – agreed to by TwinSpires and three other […]

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‘ADW Growth And What It Means For Our Future’ The Topic On Day 2 Of National HBPA Convention

Racing has undergone a transformative change since grandstand and backside telephones were locked during the races for fear people would bet through bookmakers. Wagering on mobile devices today is Thoroughbred racing’s clear growth leader. But the challenge is how to gain enough purse revenue from betting through the Advance Deposit Waging platforms that have siphoned […]

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CHRB: ADW Licenses Extended Six Months, Report Indicates Handle Increase

The California Horse Racing Board conducted its regular meeting Thursday, January 26, at Santa Anita Park. Chairman Chuck Winner presided. Commissioners Madeline Auerbach, Jesse Choper, George Krikorian, Araceli Ruano, and Alex Solis also were in attendance. A report was released by the CHRB which indicated that handle across California racetracks had increased 2 percent in […]

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Churchill Downs Tracks, TwinSpires Holding Out On Simulcasting Pegasus World Cup

An impasse over the cost of the simulcast signal for the Pegasus World Cup at Gulfstream Park in Hallandale Beach, Fla., on Jan. 28 could leave customers of Churchill Downs Inc. racetracks and its advance deposit wagering company, TwinSpires, shut out of the betting on the inaugural running of the $12-million race. “Unfortunately, we have […]

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