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Report: Kentucky Downs Considers Allowing Exchange Wagering From NJ Residents

The Kentucky Horse Racing Commission’s Wagering Integrity Committee met Aug. 2 and voted to recommend approval of a plan submitted by Kentucky Downs that would allow exchange wagering from New Jersey residents. The Daily Racing Form reports that Kentucky Downs’ plan would specifically allow New Jersey customers of Betfair US to wager on the track’s races. However, […]

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Betfair US/TVG Join NTRA; Kip Levin Appointed To Board Of Directors

The National Thoroughbred Racing Association (NTRA) today announced that Betfair US/TVG has joined the organization and that Kip Levin, Chief Executive Officer of Betfair US and TVG, has been appointed to the NTRA’s Board of Directors. “The perspective of one of the world’s largest gaming operators and its national television network will be a welcome […]

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Betfair US/TVG’s Levin Sees ‘Positive Early Indicators’ In Exchange Wagering Launch In New Jersey

Earlier this year, Paddy Power Betfair, the U.K.-based gambling giant, launched its exchange wagering platform in New Jersey in partnership with Monmouth Park, making New Jersey the first state to offer the fast-paced form of wagering popular in other countries. Kip Levin, a relative newcomer to racing who was named CEO of Betfair US and […]

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Exchange Wagering May Draw In ‘New And Younger Fans’ To Bet On Horse Racing

For the seven weeks that exchange wagering has been in place in the state of New Jersey, Betfair US has seen promising returns, reports Joe Drape of the New York Times. According to the New Jersey Racing Commission, $1,142,228 has been bet on the exchange in the first seven weeks, a period which generally handles […]

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