takeout

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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Keeneland Increases Takeout To State Maximums For 2017 Fall Meeting

Keeneland Racecourse has informed the Kentucky Horse Racing Commission that it plans to increase takeout to the maximum allowed under state law during its 2017 fall meeting, reports drf.com. Officials confirmed that takeout on win, place and show wagers will move from 16 percent to 17.5 percent, and it will increase from 19 percent to […]

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California Handle: ‘Field Size Is The Biggest Factor, More Important Than Takeout’

The Los Angeles Daily News’ Art Wilson writes that the solution to generating handle on horse racing has been focused on takeout, ever since the advent of social media. The Stronach Group’s chief operating officer Tim Ritvo agrees that takeout is “a little bit too high” ever since the California legislature passed SB1072 in 2010, increasing the takeout […]

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Pan Am Conference: Challenges And Advantages Of Globalizing Racing

The Jockey Club kicked off its Pan American Conference Thursday in Washington D.C. with a program focusing on the international and gaming elements of Thoroughbred racing. The conference, which according to the event website was sold out, covered a broad range of speakers and panels on its first day. The Paulick Report will bring you […]

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Kentucky Downs Ranked No. 1 – And Determined To Improve From There

Kentucky Downs carries into its 2016 meet that begins Saturday the mantel of being the top-ranked racetrack by the Horseplayers Association of North America for two straight years. The track’s goal: Improve from there. “We want to be known as the Horseplayers’ Race Track,” said Corey Johnsen, Kentucky Downs’ president and part-owner, as well as […]

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Evangeline To Lower Pick 4 Takeout To 12 Percent Beginning July 20

Evangeline Downs received approval from the Louisiana Racing Commission to lower the takeout rate on their 50-cent minimum Pick 4 wagers from 25 percent to 12 percent, which will be the lowest offered in the United States. The change will begin with the Wednesday, July 20 racing program.  Evangeline Downs currently offers two 50-cent minimum […]

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Canterbury Park Drops Takeout To Lowest Average In The Country

Canterbury Park racing officials today announced a sweeping reduction in pari-mutuel takeout that will result in the Shakopee, Minn. racetrack offering a wagering product priced lower, on average, than any track in the country. With win, place, show takeout set at 15 percent and all exotic wagers at 18 percent, Canterbury Park will be the […]

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Las Vegas Embraces New Realities: Can Racing Do The Same?

After a few days in Sin City for the National Handicapping Championship last weekend, it became as obvious as doubling down on 11: Las Vegas is evolving — both physically and virtually — and horse racing, as a gambling industry subset, might want to pay attention to what’s happening. For starters, the new Vegas is […]

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Asaro: Ground Zero In Fight For Future Of Horse Racing

Those of us who love the game often say that horse racing is the greatest gambling game of skill ever created. But in 2015, gambling on horse racing – when compared to other games of skill that are thriving –  is becoming one of the worst games for customers and non-rebated gamblers who are charged […]

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2016 Breeders’ Cup Could Be Among First Japanese Simulcasts

The 2016 Breeders’ Cup Classic is one of 24 international races under consideration for simulcast into Japan, thanks to a new law passed earlier this year by Japanese legislators lifting the ban on wagering on races from outside of Japan. Japan’s Ministry of Agriculture, Forestry and Fisheries, which oversees all activities of the Japan Racing […]

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