sports betting

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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Monmouth Park, New Jersey Horsemen Secure Deal For Mobile Sportsbook

TheScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) today announced plans to launch a mobile sportsbook in the United States in 2019 after securing market access through an official licensing partnership with Darby Development LLC (Darby), the operator of the Monmouth Park Racetrack in New Jersey and the New Jersey Thoroughbred Horsemen’s Association (NJTHA). […]

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Lawmakers Consider Sending $100 Million To New Jersey Horse Racing Industry

Lawmakers in the state of New Jersey are considering a bill to pump $100 million into the state’s horse racing industry over the next five years, according to whyy.org. The New Jersey Racing Commission would be in charge of distributing $20 million annually, split evenly between the Thoroughbred and Standardbred industries. On Monday, the bill was […]

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Virginia Lawmakers Expected To Consider Bills On Sports Betting

State lawmakers in Virginia plan to file bills in the commonwealth’s General Assembly to legalize sports gambling, according to the Richmond Times-Dispatch. It’s considered unlikely the General Assembly will pass anything allowing sports gambling at first, but as other states vote to allow it, the state may eventually be forced to keep up. Gov. Ralph […]

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Penn National Holds First Live Money Sports Betting Test Day Nov. 15

Penn National Gaming, Inc., with guidance and approval from the Pennsylvania Gaming Control Board (PGCB), commenced two live money sports betting test days at Hollywood Casino at Penn National Race Course beginning Thursday afternoon, November 15, at 3:00pm.  The company’s Pennsylvania sports book will be managed by William Hill US, the largest sports betting operator […]

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