Draftkings

So-called prediction markets have become all the rage across a wide swath of topics, from election results to gas prices to the amount of snowfall might occur in a given place. The Kentucky Derby and horse racing at large? That topic was the subject of a panel entitled 'Prediction Markets and Wagering: An Emerging Threat To Horse Racing and Interstate Horseracing Act Revenue' during Thursday's session of the National HBPA Conference at Oaklawn Park. Speakers agreed that prediction markets have the ability to dwarf even sports betting in America. The...

Joining New Jersey and Colorado, West Virginia has become the third state to legalize fixed odds wagering on horse racing. The legislation was fully completed Saturday and the state's racetracks, sports book and gambling apps can begin accepting the bets whenever they are ready to go. The Legislature passed the bill by a 55-43 count. "I am the general counsel and lobbyist for the Charles Town HBPA, and so that was the impetus for me trying to get this started," said lobbyist Philip Reale. "Fixed odds has been popular in...

Saturday's 14-race DraftKings Travers Day card generated a record-setting all-sources wagering handle of $63,023,405, according to a press release from NYRA on Saturday. The 2024 figure represents a 13.4 percent increase over the prior record of $55,559,317, which was established in 2022. Paid attendance on Saturday was 47,844 with on-track handle of $11,267,864. THE CHAMP IS BACK! Fierceness, son of @LanesEndFarms stallion City of Light, wins the G1 @DraftKings Travers Stakes, leaving no doubt that he's back on top! The legendary @ljlmvel was aboard for @PletcherRacing and @RepoleStable. pic.twitter.com/M8KY6h4sQr —...

Billed as an intensive, premier forum for industry insiders and stakeholders, but also for patrons of sport, the 2024 Racing and Gaming Conference in Saratoga Springs, New York is set for Aug. 12-14. Once again, session master Patrick Brown, who possesses a diverse background in government, the law and gaming, has put together an ambitious slate, and he spoke with the TDN to discuss how this year's conference is rounding into form. TDN: Pat, what is different about this year's Racing and Gaming Conference? I always think that each time...

The digital sports entertainment and gaming company DraftKings will have access to operate mobile sports betting in Kentucky--pending licensure and regulatory approvals--under an agreement with ECL Corbin, LLC announced Tuesday. In addition to offering mobile sports betting, DraftKings and Corbin will also open retail sportsbooks at Corbin properties. ECL Corbin is a wholly owned subsidiary of ECL Entertainment, LLC, dba The Mint Gaming Hall at Cumberland and Cumberland Run ("Corbin"). "Together with the Corbin properties, we're excited to bring our premier sports betting experience to yet another state and its...

After a months-long $400 million plus war of attrition between the two rival California sports wagering measures on this year's ballot, the endgame was a stalemate, both beat down into the muddy trenches--just as the polling had indicated. The Associated Press made the call that both measures are sunk, though the official tally is far from in. With less than 50% of the ballots counted as of writing, roughly 70% voted against Proposition 26, and some 83% voted against Proposition 27. "Ugly," said Pat Cummings, executive director of the Thoroughbred...