sports betting

The Friday Show Presented By Indiana Racing & Breeding: Do Battle With Sports Betting?

The Thoroughbred Idea Foundation recently released its latest white paper on an issue that’s all the talk in the racing industry: What to do about the legalization of sports betting? In today’s edition of The Friday Show, Scott Jagow and Ray Paulick discuss what the TIF proposes and the feasibility of making necessary changes within […]

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CG Technology Plans To Take Sports Bets In Partnership With New Meadowlands This Fall

Fresh off a robust pro football championship betting weekend, CG Technology, L.P. (“CG Technology”) and New Meadowlands Racetrack LLC (“Meadowlands Racetrack”) announced today that CG Technology – through its affiliate CG Technology NJ, LLC (“CGT”) – will offer online and mobile sports betting in New Jersey in a partnership with Meadowlands Racetrack starting in 2019. While the […]

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Iowa Horsemen Move To Become Sole Sports Wagering License Holder In The State

The Iowa Horsemen’s Benevolent and Protective Association (HBPA) announced today their intent to become the single license holder in Iowa for sports wagering. Their bill, which was recently released by the state government committees in both the Iowa House as HSB 124 and Senate as SSB 1100, demonstrates the horsemen’s unique ability to implement sports […]

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Thoroughbred Idea Foundation: Horsemen Must Lead The Way In New Sports Betting Era

The Thoroughbred Idea Foundation (TIF) has released its latest white paper. “Horse Racing and ‘Legal’ Sports Betting” takes an in-depth look at the explosive growth of fixed-odds betting against the backdrop of racing’s long-standing pari-mutuel business.  “Without question, legal sports betting presents a momentous threat to all facets of the horse racing business,” said TIF Executive […]

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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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Churchill Downs Finalizes Purchase Of Presque Isle, Targets Sports Wagering In Pennsylvania

Churchill Downs, Inc. has completed the purchase of Presque Isle Downs, opening the door for the company to take advantage of legalized sports betting in Pennsylvania. CDI bought the Erie racetrack from Eldorado Resorts for just shy of $179 million. The deal was approved by the Pennsylvania Gaming Control Board and the Pennsylvania State Horse […]

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Waldrop: Online Betting On Horse Racing Still Legal Despite Justice Department Reversal On Wire Act

Legal online wagering on horse racing will not be directly affected by a new U.S. government Department of Justice opinion on the Wire Act but could have an indirect impact on the willingness of banks and credit card companies to allow horseplayers to fund their advance deposit wagering accounts. The opinion from the Justice Department’s […]

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‘Integrity Fees’? Christie Advocates Against Federal Control Of Sports Betting

Former New Jersey Governor Chris Christie is urging state lawmakers to avoid ceding control of sports wagering to the federal government, and also to avoid granting the sports leagues a “slice of the action,” according to nj.com. The latter issue has to do with so-called “integrity fees,” which would give a part of the gambling revenue […]

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The Friday Show: What Should Happen In Horse Racing This Year?

A new year is upon us, and with it comes a combination of new challenges and old ones for the business of Thoroughbred racing. In our first Friday Show of 2019, Scott Jagow and Ray Paulick discuss five topics they’d like to see some progress on in the coming year. Watch the Friday Show below […]

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One To One: Q & A With Woodbine Entertainment CEO Jim Lawson

Jim Lawson in 2015 was named chief executive officer of Woodbine Entertainment – Canada’s largest racetrack company, which owns and operates Woodbine near Toronto and Woodbine Mohawk Park, a harness track 30 miles to the west in Milton. Ontario. Prior to becoming CEO, he served as board chairman of Woodbine Entertainment. Lawson is also chairman […]

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