NTRA

Multiple NHC Qualifiers On Tap This Weekend At Horseplayers.com, Horsetourneys.com

At least nine spots in the world’s richest and most prestigious handicapping contest will be available this weekend in contests online and on-track. Separate contests on Friday, Saturday, and Sunday will send top finishers to the $2.8 million (estimated) NTRA National Horseplayers Championship (NHC) Presented by Racetrack Television Network, STATS Race Lens™ and Treasure Island […]

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Longshot-Heavy Breeders’ Cup Sees Just 35 IRS Filings, Down 97 Percent Over 2016

Despite some of the longest-priced winners in Breeders’ Cup history, only 35 winning tickets at the Del Mar Thoroughbred Club triggered Internal Revenue Service (IRS) reporting or withholding via automatic W-2G filings across the two-day Breeders’ Cup World Championships. That represents a 97 percent reduction from the previous year, when 1,333 W-2G filings occurred on-track […]

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Del Mar Reaccredited By NTRA Safety & Integrity Alliance

The National Thoroughbred Racing Association (NTRA) announced today that the Del Mar Thoroughbred Club, host site for Friday and Saturday’s Breeders’ Cup World Championships, has earned reaccreditation from the NTRA Safety & Integrity Alliance. Del Mar is a world-class Thoroughbred racing destination welcoming the sport’s top athletes and California’s most spirited partygoers during its summer […]

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Keeneland Reaccredited By NTRA Safety & Integrity Alliance

The National Thoroughbred Racing Association (NTRA) announced today that Keeneland, the world-class racetrack in Lexington, Ky., has earned reaccreditation from the NTRA Safety & Integrity Alliance. Keeneland, which also includes the world’s leading Thoroughbred auction house, is a National Historic Landmark and has served as a model for the best in Thoroughbred racing since its […]

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The Friday Show Presented By Woodbine’s Grey Stakes, Oct. 1: A ‘Fabulous Day’ For Racing?

The oft-maligned Thoroughbred business has every reason to celebrate a “Let It Ride/Richard Dreyfuss” moment this week. After more than a decade, the industry finally prevailed in its cohesive attempt to change antiquated regulations regarding IRS withholding and reporting for bettors. In this edition of The Friday Show, Scott Jagow and Ray Paulick discuss the […]

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Update On New IRS Rules: Major ADW Companies Ready To Comply Today

With new, favorable U.S. Treasury and Internal Revenue Service reporting and withholding regulations going into effect today (Thursday, Sept. 28), most of the largest advance deposit wagering companies say they are ready to implement the changes immediately. AmWager, NYRA Bets, TVG, TwinSpires and Xpressbet all have issued press releases or posted statements on social media saying […]

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United Tote, Churchill Downs Set For New IRS Withholding, Reporting Regulations Thursday

United Tote, the provider of pari-mutuel tote services to more than 150 racing operations including Churchill Downs Racetrack, has implemented the necessary technological changes to begin processing wagers and payouts that will benefit horseplayers around the world. The positive changes will come into effect Thursday. Updated regulations regarding the withholding and reporting of pari-mutuel proceeds […]

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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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IRS Announces Formal Adoption Of ‘Landmark’ Pari-Mutuel Regulations

The U.S. Treasury Department and the Internal Revenue Service (IRS) announced Monday that they will formally adopt modernized regulations regarding the withholding and reporting of pari-mutuel proceeds. The National Thoroughbred Racing Association (NTRA) has long pressed for these updated regulations that will allow horseplayers to keep more of their winnings, thereby increasing the amount wagered […]

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Several NHC Berths Available In Weekend Online Qualifiers At Horseplayers.com

HorsePlayers.com is the place to go this weekend for those that would like to compete in the world’s richest and most prestigious handicapping contest. The official online qualifying site for the NTRA National Horseplayers Championship (NHC) hosts two separate Saturday contests that combined will offer three guaranteed berths to the $2.8 million (estimated) NHC Presented […]

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