Damon Thayer

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...

One bill designed to restore the gambling losses tax deduction to 100% is languishing in committee and has, for all intents and purposes, politically flat-lined. The giant tax and spending bill signed into law by President Donald Trump in July caps gambling loss deductions to 90% of winnings (from 100%)--a provision set to go into effect next year. Industry leaders have warned this rate change could hit horse racing hard through reduced revenues from gambling dollars. Those jurisdictions with no supplemental purse revenues, like California, are especially vulnerable to the...

Officials at the Iowa Horsemen's Benevolent and Protective Association (Iowa HBPA) have announced that they have retained the services of industry veterans Damon Thayer and Corey Johnsen for a consultancy focused on 'securing a vibrant future for horse racing and breeding' in the state of Iowa. Both Thayer and Johnsen will assist the Iowa HBPA in crafting a plan to sustain and grow the state's equine industry. The two are expected to engage in strategic meeting with key stakeholders such as Prairie Meadows, the Iowa Racing and Gaming Commission and...

Legislative efforts in Florida to decouple the live racing requirement for Gulfstream Park and Tampa Bay Downs to operate their respective casino and card rooms-efforts that industry stakeholders largely see as a death knell to the future of horse racing in South Florida--took a few twists and turns in the state legislature Tuesday. A standalone bill that had already passed out of one legislative committee was temporarily postponed in the state Senate. But similar language was inserted as an amendment into a separate and much larger gambling bill (HB 1467)...

During his 22 years serving in the Kentucky State Senate, Damon Thayer was known as a fierce advocate for the horse racing industry. Thayer decided not to run for re-election in 2024, but that doesn't mean that he stopped trying to help the sport, using his considerable political acumen to do so. Thayer has accepted the job as the senior advisor to the Thoroughbred Racing Initiative--a group formed to try to fight off efforts to decouple the racing and casino and card room licenses in Florida. To talk about his...

Damon Thayer is leading the fight against the decoupling movement in Florida, and appears on this week's TDN Writers' Room podcast to discuss what is happening with the effort.

Damon Thayer, who recently completed a 22-year tenure in the Kentucky State Senate, delivered the keynote address Tuesday at the National Horsemen's Benevolent and Protective Association Convention in Safety Harbor, Florida. With a theme of "cooperation is always better than extinction," Thayer's 35-minute address focused on the importance of horsemen in every racing jurisdiction building relationships with their state legislators. "It's mind-boggling what a legislator has to absorb every day, and if an industry isn't aligned, the easiest thing for a legislator to do is to wash their hands of...

Breeders and horsemen aiming to fight Florida's decoupling bills launched the Thoroughbred Racing Initiative (TRI) Tuesday, billed as "an industry collaboration created to fight for live horse racing in Florida and elsewhere in the United States," according to a release from the new organization. Thayer Communications & Consulting's Damon Thayer, a 22-year veteran of the Kentucky State Senate and Majority Floor Leader for 12 years, has been picked as senior adviser of the group. Decoupling has been an issue at the forefront of the sport for the past month, when...

A Letter To The Industry from Damon Thayer The Florida State Legislature is facing a crossroads similar to what we in Kentucky's General Assembly faced in early 2021. At stake, as it was in Kentucky, is the future of the labor-intensive horseracing and breeding industry in that state. With strong support from horsemen whose livelihoods were at risk, Kentucky lawmakers passed legislation that allowed the racing industry to invest in itself by protecting tracks' ability to conduct and benefit from another parimutuel product known as historical horse racing (HHR). Today,...

Damon Thayer, who served 22 years in the Kentucky General Assembly--will be the keynote speaker at the National HBPA Conference Feb. 25-27 in Safety Harbor, Florida. Thayer will address the conference on Tuesday, Feb. 25 at the Safety Harbor Resort and Spa on Tampa Bay. For a Q&A with Thayer, click here. The HBPA Conference features a full-day of panel discussions and presentations on Tuesday, Feb. 25 and a half-day on Wednesday, Feb. 26, after which an afternoon at Tampa Bay Downs is scheduled, courtesy of the racetrack. The full...

Outgoing Kentucky State Senator Damon Thayer has been named the recipient of the 2024 Warner L. Jones Jr. Horseman of the Year Award by the Louisville-based Kentucky Thoroughbred Owners (KTO), which will be presented on Saturday, Nov. 23 at the Kentucky Derby Museum, the organization said via a release Thursday morning. The KTO's Warner Jones award recognizes individuals for outstanding contributions to Kentucky racing and sharing the passion exemplified by Jones, who spent 50 years on the Churchill Downs board, including eight as chairman during the track's resurgence in the...

DEL MAR, California--In Saturday's GI Maker's Mark Breeders' Cup Filly & Mare Turf at Del Mar, the Europeans come to town riding a five-year win streak having taken the hardware and the bragging rights with thanks. Yet, lest we forget that this is horse racing on the turf and that means even the most deserving favorites can be vulnerable. To put it in sports betting terms, the Filly & Mare Turf could be deemed what we call a 'trap game' in the business. That means a seemingly stronger opponent underestimates...