TIF: How Much Of A Wagering Dollar Goes To The Horsemen? It Depends

Here is a simple question: How much revenue does a horse race produce for the horsemen running horses in that race? The answer is incredibly complex, and in many jurisdictions, almost impossible to discern. A publication from the Thoroughbred Owners of California in 2016 offers a glimpse into an answer, at least for races run in […]

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Despite Racing Shutdowns, ADWs In Virginia See Handle Rise In First Quarter

While tracks, OTBs and locally — Rosie’s Gaming Emporiums — began shutting down throughout the month of March, Virginia-based horseplayers had only one wagering option left as effects from Covid-19 took a toll on the sport. Four on-line betting partner companies continued to operate and display available product, which diminished greatly though, as March rolled […]

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First Six Months Of Colonial Downs Numbers ‘Exceeding Expectations’

Colonial Downs Group announced today its first six months of financial results since beginning operations on April 18, 2019 in New Kent County, Va. The results also include operations in Vinton, which opened on May 6, 2019 and four months of results in Richmond, which opened on June 29, 2019. Colonial Downs Group is generating […]

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Maryland Jockey Club Opens Eighth OTB In Frederick

The Maryland Jockey Club unveiled its eighth off-track betting facility Monday with the opening of its newest location at Long Shot’s sports bar in the Clarion Inn Frederick Event Center. Situated along I-270 at 5400 Holiday Drive in Frederick, the event center is located across the road from the Francis Scott Key Mall and in […]

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Arizona Downs Announces Suspension Of Summer Racing Season

Arizona Downs has informed employees and horsemen that the racetrack’s summer season is being suspended due to ongoing issues in the battle for fair and equal access to out-of-state racing signals for its Off Track Betting system. Pending additional financing, the final live race days for the 2019 summer meet are Saturday and Sunday. “OTBs […]

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Arizona: Turf Paradise Claims New Law On Simulcast Signal Will Smother Its Income

Turf Paradise officials told the Arizona Capitol Times this week that a new law signed by Gov. Doug Ducey could put a damper on its business. The law requires companies selling simulcast signals in the state to deal with all facilities in Arizona and to offer them equal rates. That means Monarch Content Management, which […]

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New Cuomo Budget Proposal Could Allow OTBs To Drop Horse Racing

While specifics are not yet clear, New York Governor Andrew Cuomo’s 2019-2020 budget could give the state’s off-track betting agencies the ability to get rid of horse racing betting entirely, according to newsday.com. Alternatively, OTBs would have the flexibility to merge with other OTBs, or contract out the horse racing betting operations. Eventually, experts say that […]

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Arizona Downs’ New OTB Triggers 25 Percent Increase In Simulcast Handle

The new Arizona Downs’ off-track-betting operation triggered a 25-percent surge in simulcast wagering in the greater Prescott market for August, the facility’s first full month in business, over the same time frame in 2017, according to the state’s racing commission. Arizona Downs brought back wagering on racetracks across the country to the site of the […]

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Betting Handle In Virginia Up $10 Million Over 2017

According to a Virginia Thoroughbred Association report Thursday, rises in OTB and ADW handle in Virginia have prompted a $10 million increase in overall racing handle in the state from 2017. Through the first seven months of the year, ADW was over $52 million, up 3.2 percent from the same period in 2017. OTB handle […]

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