wagering

What will racing look like in 10 years? We asked some of racing's best and brightest to give us their predictions. Want to submit an answer? Email suefinley@thetdn.com BARRY IRWIN, CEO OF TEAM VALOR INTERNATIONAL Racing will contract in size and be conducted at fewer venues. The names Stronach and 1st Racing will disappear and become as remote as the names Adena Springs and Magna. NYRA and TwinSpires will control the game. In 2036 there will only be racing in New York (Belmont/Saratoga), Florida (Ocala), Maryland (Pimlico), Kentucky (Keeneland, Churchill,...

When racing was canceled on Dec. 2 at Parx after the first two races, horseplayer Mitch Demick said he was relieved. He said that he had bet about $120 combined on the early Pick 4 and the Big 5 Pick 5. Entering the third race of the day, which was not run, he did not have a live ticket with either bet. As someone who often plays the horizontal wagers at Parx, Demick was sure he knew the rules and that he was entitled to a refund. According to both...

Oaklawn Hot Springs will feature a trio of significant updates to its wagering menu for the upcoming 2025-2026 live racing season, highlighted by two new low-takeout bets and the return of a fan-favorite multi-race wager, the track announced Tuesday. Starting on Opening Day, Oaklawn will launch two new wagers featuring a reduced 15% takeout, one of the lowest rates in North America, to offer greater value to customers. Each race day will conclude with a new "Get Out Pick 3", featuring a $3 base wager covering the final three races...

Come January of next year, the New York Racing Association (NYRA) will limit Computer Assisted Wagering (CAW) play one minute to post in nearly all pools, according to NYRA president and CEO David O'Rourke during Tuesday's Global Symposium on Racing in Tuscon, Arizona. By far the most aggressive step taken yet to manage CAW play by any track operator in the country, this will mean that all CAW players will be limited to a maximum six-bets per second when they bet into the NYRA product within one minute to post...

Wagering on U.S. races during the month of November experienced nearly an eight percent decrease and purses also saw a similar decline compared to a year ago, according to information released by Equibase on Friday. Total wagering of $848,116,672 on races during the month represented a 7.93% decrease over the same period from 2024, while available purses of over $118 million were lower by 7.76%. The figure of over $111 million for paid purses in November was also down by 7.49%. As for the total number of race days, they...

While several tracks have experimented with lowering the takeout, none has gone as far as what Delta Downs has planned for two daytime cards, Nov. 25-26. On those days, the takeout will be 10% on all wagers, in all pools. Some tracks have slashed the takeout on certain wagers and Hawthorne offered an industry low takeout at its 2025 meet of 12% on all win wagers. But never before has a track lowered takeout on all pools or to anything near 10%. "Our Director of Racing Ops John Simon came...

Tickets for the 152nd running of the GI Kentucky Derby presented by Woodford Reserve will go on sale to the public Thursday, Nov. 13 at noon ET, Churchill Downs announced Wednesday. Two-day all-inclusive reserved tickets to the 152nd GI Longines Kentucky Oaks, held Friday May 1, and Kentucky Derby on Saturday, May 2, will be available for purchase online, including recent renovations such as the Ford First Turn Reserved seating as well as the Starting Gate Courtyard, both featuring stadium-style seats and easy access for concessions and wagering windows. Limited...

With what feels like the culmination from years of mounting pressure, the volcano of opprobrium over Computer Assisted Wagering (CAW) erupted this summer, spilling all over the industry. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting-sometimes leading to extreme late odds changes-as well as the attractive rates and rebates offered to them which are unavailable...

The issue of computer assisted wagering (CAW) is not new and it is clearly time that it be revisited given the extent to which it has grown. Bettor concerns are valid and the question has always been whether anyone, large or small, is given an unfair advantage that is not available to anyone else. Phrases and words like "racketeering," "pool-rigging enterprise," and "insider bettors" conjure up images of insider trading and criminal activity which, if proven, could then warrant criminal prosecution and make those convicted ineligible for a racing license....

Wagering on U.S. races during the month of October experienced nearly a nine percent uptick and purses also saw significant growth compared to a year ago, according to information released by Equibase on Wednesday. Total wagering of $867,928,259 on races during the month represented a 8.99% increase over the same period from 2024, while available purses of over $115 million were higher by 8.13%. The figure of over $109 million for paid purses in October was also up by 7.59%. As for the total number of race days, they decreased...

Seven months after a joint agreement to drop a year-old lawsuit against Camarero Race Track over complaints about a purportedly unsafe dirt surface, the Puerto Rico Horse Owners Association, Inc. (PRHOA) is back in federal court against the island's only Thoroughbred track, alleging that Camarero and a different horsemen's group, the Confederacion Hipica de Puerto Rico (CHPR), have undertaken a "concerted scheme" to exclude PRHOA from simulcasting revenues while at the same time trying to "coerce" PRHOA members to join the rival faction. According to the lawsuit, filed Oct. 31...

Total all-sources handle for the two-day Breeders' Cup World Championships at Del Mar, held Oct. 31-Nov. 1, reached $180,036,799, the third-highest amount in the event's 42-year history. It marked an increase over the 2024 amount of $179,218,631, but ranked behind the $189,060,373 at Keeneland in 2022 and $182,908,409 at Del Mar in 2021. On-track attendance at Del Mar Saturday was 35,173, with the two days combining for 65,232. On-track handle for the two days was $18,079,169. Total common-pool handle on Saturday's full card was $118,028,444 and Friday's card was $62,008,354....