Thoroughbred Idea Foundation: Pennsylvania Racing Must Take Control Of Its Own Future As Woodbine Has

Pennsylvania Governor Tom Wolf has revealed his proposed budget for the 2020-2021 fiscal year. In his public remarks, Gov. Wolf suggested $200 million should be redirected from the state’s Race Horse Development Trust Fund (RHDTF) towards a new college scholarship program. “Let’s bet on our kids instead of bankrolling race horse owners,” said Gov. Wolf. […]

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Bernick: Horse Race Betting, Data Need Far More Industry Attention

At some point the horse racing industry – owners, racetracks, and industry organizations – stopped caring about gambling on live horse racing. If gambling on horse racing was any sort of priority, distributing free data would be one of the first things the industry would do. Get data into the hands of customers. Despite their […]

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New Mexico: Five Bidders Hoping To Snag One Remaining Racino License

Racetracks across the country have closed in recent years but in New Mexico, five companies have submitted proposals to build a new one. They’re all vying for one available license to operate a racino. The New Mexico Racing Commission is under no obligation to offer the license to any of the bidders, but later this […]

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A ‘Sidewalk’ Between Them? Florida Horsemen, Calder Do Battle In Court

A Florida judge heard arguments Tuesday from horsemen and state gambling regulators over whether Calder Race Course should legally be able to maintain its slots license. At issue is a state law that says slot machine areas must remain “contiguous and connected” to the area where live races are taking place. It a lawsuit, the […]

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The Friday Show Presented By NYRA’s Loyalty Program: Dangerous Liaisons?

The Philadelphia Inquirer posted a scathing editorial this week, denouncing Pennsylvania’s casino subsidies for the horse racing industry as “a staggering amount of corporate welfare.” It’s not the first time newspapers or lawmakers have criticized the funneling of slots money into the sport. In today’s edition of The Friday Show, Scott Jagow and Ray Paulick […]

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New Mexico Tracks’ Slot Revenue Declines To Lowest Figures Since 2005

Slot revenue at New Mexico’s horse racing tracks has consistently declined over the past two years, reports In the 2015 fiscal year slot revenue was $265 million, it dropped to $241 million last year, and in the 2017 fiscal year the slot revenue declined to $226 million. The New Mexico State Lottery has been following […]

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The Friday Show Presented By Woodbine’s Twilight Racing Series: Second City And Takeout Blues?

This weekend marks the 35th running of the Arlington Million in Chicago, always one of the highlights on the racing calendar. But the Illinois racing industry is currently in such dire straits, it’s fair to wonder how much longer the Million and Arlington Park will be around. Scott Jagow and Ray Paulick discuss the situation […]

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Louisiana Bill Would Reduce Casino Revenue Sent To Racing By Half

The Daily Racing Form reported Thursday that a new bill in the Louisiana legislature could remove $36 million from the state’s horse racing industry and redirect it to a scholarship program. The bill, which is scheduled for a hearing next week by the House Appropriations Committee, would cut casino funding to purses and breeders’ awards […]

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The Friday Show: A Not-So-Funny Valentine

Over the past couple of decades, many racetracks have been lured by the siren’s song of casino revenues to help keep the racing product in good form. The union of the two has gone well at times, but we’ve seen recently break-ups that have turned ugly. Florida appears on the brink of a relationship fiasco […]

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