FanDuel

Computer Assisted Wagering: 101 for California Stakeholders

Last June, Pat Cummings, executive director of the National Thoroughbred Alliance and former executive director of the Thoroughbred Idea Foundation, issued a stark warning about the encroaching impacts from Computer Assisted Wagering (CAW) to the men and women trying to forge a living through horse racing in the Golden State. CAW players constitute a small group of mostly anonymous, high-volume gamblers with an outsized impact on the betting markets--including in California--due to their use of sophisticated wagering technologies and the inducements offered to them in the form of attractive rates...

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The Week in Review: In 2024, the Sport Needs to Do Better

The remaining days in 2023 dwindled to a few last week, a welcome development considering the year that it was. Yes, there was some good news. Arcangelo (Arrogate) winning the GI Belmont S. for trainer Jena Antonucci was as good a story as we've seen in some time. The saga of Cody's Wish (Curlin) continued to tug at our heartstrings. The sales continue to post huge numbers. Purses have soared in Kentucky and at Oaklawn, with maidens running for pots in excess of $100,000. But for every good story there...

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FanDuel Joins Sponsor List For 53rd Eclipse Awards

FanDuel will join John Deere, Keeneland and The Jockey Club as a presenting sponsor for the 53rd Annual Eclipse Awards, which will be held Thursday, Jan. 25 at The Breakers Palm Beach in Florida, the NTRA said in a release Wednesday morning. "We are extremely grateful to our newest presenting sponsor FanDuel in joining John Deere, Keeneland and The Jockey Club to partner with the NTRA in presenting the Eclipse Awards to the whole of the thoroughbred racing industry," said Tom Rooney, President and CEO of the NTRA. "Together with...

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Report: Outlandishly High Pari-Mutual Pools Might Have Been Sparked By FanDuel 'Glitch'

Outlandishly high amounts of money that were bet into exotic pools at Thoroughbred and Standardbred tracks across the country during a several-hour time window Wednesday might have been the result of a feeding frenzy of opportunistic gamblers trying to take advantage of an alleged "glitch" in the FanDuel Racing account wagering system that debited only the base cost of a wager from a customer's account instead of correctly pricing multiple-combination bets at much higher amounts. Although both FanDuel executives and state regulators were largely mum on the subject of the...

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Arcangelo, Arabian Knight and Ushba Tesoro Among 205 Breeders' Cup Pre-Entries List

Led by MGISW Arcangelo (Arrogate), GISW Arabian Knight (Uncle Mo), and MG1SW Ushba Tesoro (Jpn) (Orfevre {Jpn}), 205 horses, including 59 from overseas, and four 2022 champions who return to defend their titles, have been pre-entered for the 40th Breeders' Cup World Championships Nov. 3-4 at Santa Anita Park. The Breeders' Cup will be televised live domestically on NBC, Peacock, USA Network, and FanDuel TV. Additionally, the NBC World Feed will be sent to more than 150 countries around the globe. Click here to view all of the 2023 Breeders'...

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Churchill Downs Race And Sports Book Opens Thursday

Kentucky Governor Andy Beshear will place the state's first ceremonial sports wager Thursday during the grand opening ceremony of the Churchill Downs Race & Sports Book. The ceremony begins at 9:45 a.m. and the governor will place his wager at 10 a.m. Other dignitaries expected to be in attendance include Louisville Mayor Craig Greenberg and the First Lady of Louisville Rachel Greenberg; Ray A. Perry, Secretary, Kentucky Public Protection Cabinet; Jonathan Rabinowitz, Chairman, Kentucky Horse Racing Commission; Representative Al Gentry; and Cleo Battle, President & CEO of Louisville Tourism. Area...

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FanDuel Named Title Sponsor of Kentucky Turf Cup

FanDuel, already returning as the Kentucky Downs meet's title sponsor, will also now assume sponsorship of the $1.7-million GII FanDuel Kentucky Turf Cup. The 1 1/2-mile stakes anchors the Sept. 9 card of six graded stakes each worth at least $1 million for Kentucky-breds at the Franklin, Kentucky oval. The sponsorship includes the Aug. 31 opening-day $500,000 FanDuel TV Tapit S. for 3-year-olds and up that have not won a stakes in 2023 and the FanDuel VIP Chalet, which provides air-conditioning in an upscale environment with a spectacular view of...

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4th Annual CARMAthon Fundraiser To Support Retired Racehorses On Aug. 26

The California Retirement Management Account (CARMA) annual online fundraiser, CARMAthon, will take place live on FanDuel TV and TVG on Saturday, Aug. 26 from Del Mar, the organization said in a release Wednesday. CARMAthon aims to raise $150,000 to support retired racehorses and fund essential aftercare programs. Proceeds will directly benefit their grant program, which supports over 20 Thoroughbred aftercare charities. "Once again, FanDuel TV and the FanDuel Group are proud to partner with the California Retirement Management Account, to be contributors, and to be the broadcast home for this...

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Illinois Purse Increases: 'A Band-Aid On A Gushing Wound'

Purses will be on the short-term rise at the tracks in Illinois, thanks to a pair of recent money recovery efforts initiated by the Illinois Thoroughbred Horsemen's Association (ITHA). One increase at the current Thoroughbred meet at Hawthorne Race Course that will be effective June 15-July 15 involves an 18% across-the-board purse bump derived from a claw-back of funds related to the closure of Arlington International Racecourse. A separate initiative required passage of a bill in the Illinois Legislature on its final day of the session last month. That action...

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Greg Means: An Appreciation

Greg Means died suddenly two weeks ago at the age of 62. If his name doesn't ring a bell, it should. For over two decades working with the National Thoroughbred Racing Association (NTRA), Greg and his firm the Alpine Group were our principal lobbyists in Washington. It was Greg's responsibility to promote and advocate for the economic health and well-being of our industry during very challenging times as competition from other forms of gaming grew and animal rights advocates questioned our relevance and very existence. He was a great advocate...

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1/ST Racing Tour To Expand Its Partnership With NBC

1/ST will expand its partnership with NBC Sports to broadcast the 1/ST Racing Tour on NBC, CNBC and Peacock, they said in a Thursday press release. A series of connected coast-to-coast races that kicked off with the 2023 Pegasus World Cup, the tour will take place on the first Saturday over the next three months, and will also include the GI Preakness Stakes in May. "While these legendary races are familiar to many, the 1/ST Racing Tour format brings a fresh and innovative approach to bi-coastal racing," said Gregg Colvin, Chief Executive...

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Fanduel First to Offer Single Account

FanDuel announced that its customers can access both parimutuel wagering on horse racing and traditional sports book wagering with a single account after a successful soft launch last week. FanDuel Sportsbook becomes the first to offer this feature, as users will be able to wager on and stream racing coverage from FanDuel TV and other related content. In addition to live horse racing, FanDuel Sportsbook customers will also be able to wager on the Kentucky Derby for the first time through the integrated platform in 2023. Prior to this innovation,...

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