advance deposit wagering

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Turf Paradise in Phoenix, Ariz., is pulling the plug on telephone wagering less than three years after the outdated service went into effect.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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Former United Tote Employee Charged With Extortion; Allegedly Stole Social Security Numbers

A Kentucky man who formerly worked for Churchill Downs Inc.’s bet processing company, United Tote, has been indicted by a federal grand jury on extortion charges. Ethan C. Fey has been charged in United States District Court for the Western District of Kentucky in Louisville with one count of Hobbs Act extortion and one count […]

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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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Xpressbet Named Preferred U.S. Betting Site For Royal Ascot Meeting

Xpressbet, a subsidiary of The Stronach Group, has been named the ‘Preferred U.S. Betting Site of Royal Ascot.’ Royal Ascot is one of the world’s most prestigious race meets, featuring 19 graded stakes races and £6.58 million ($8.5 million USD) in purses. A staple on the UK racing calendar since the 1700s, this year’s Royal […]

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TOC Says TwinSpires Now In Compliance With Geolocation Tracking, Restores Signal

Thoroughbred Owners of California chief executive officer Greg Avioli said the in-state signal has been restored to the Churchill Downs Inc.-owned advance deposit wager company TwinSpires in time for Saturday’s Santa Anita Derby program from Santa Anita Park. On Thursday, TOC officials withdrew consent for TwinSpires to accept wagers from California residents on California races […]

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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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North Dakota: State Insurance Fund Won’t Cover Amount Owed To Bankrupt ADW

A North Dakota state senator has indicated that the state will not cover a claim from the founder of a now-bankrupt advance deposit wagering company. Just last week, a federal bankruptcy judge ruled that North Dakota must pay Susan Bala, founder of Racing Services Inc. (RSI), $13.5 million that it had collected in taxes on her company. Bala had […]

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North Dakota: Federal Court Rules State Must Pay $13.5M To Bankrupt ADW

A federal bankruptcy judge has ruled that North Dakota must pay Susan Bala $13.5 million that it had collected in taxes on her company. KFGO.com reports that Bala had founded Racing Services, Inc. (RSI), a now-defunct advance deposit wagering company. Bala had been convicted of running an illegal gambling operation, and had spent close to 1 1/2 years in […]

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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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