sports betting

1/ST TECHNOLOGY has partnered with Tier-1 operator bet365 to deliver horse racing to that company's U.S. customers via 1/ST BET, The Stronach Group said in a Wednesday release. The partnership will power the stateside launch of bet365's Advance Deposit Wagering on horse racing, across web and mobile app channels, in U.S. jurisdictions where ADW is accepted. "This is a tremendous opportunity to partner with one of the premier brands in sports betting and for 1/ST BET to showcase its best-in-class pari-mutuel horse racing wagering experience to bet365's customers," said Keith...

According to data released Friday by Equibase, handle in 2023 fell by $447,759,362 for a decline of 3.7 percent. Had handle not rebounded in December, which saw a 6.62% increase, the figures would have looked much worse. Outside of the COVID year of 2020, this was the steepest decline based on percentage of handle since 2011. A total of $11,658,624,859 was wagered in 2023. "I think we got quite a blip coming out of the pandemic when we were the only game in town," said Marshall Gramm, an economics professor,...

Editor's Note: The TDN received this letter from Fasig-Tipton's Boyd Browning. 2023 was certainly a year of many challenges for the Thoroughbred industry. Much has been written and spoken about the issues we face, although very little action has taken place. As we enter 2024, I believe it is imperative we make meaningful efforts to improve our sport. Every component of the industry must pledge to do a better job. We must find common ground and set aside our egos. We must commit (at a minimum) to the following actions...

Woodbine Entertainment's 2023 Thoroughbred season produced an all-sources handle of $613,125,180 CAD, which was the second largest single-season recorded, but that overall number was down $8 million from 2022, the organization said in a release Wednesday. In 2023, a total of 1,180 races were contested over 128 dates of racing compared to 1,198 races over 132 dates in 2022. Woodbine ran four less dates and 18 less races in 2023 due to an unprecedented number of cancelled race cards (five) because of extreme heat and poor air quality caused by...

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...

The Kentucky Horse Racing Commission (KHRC) has approved temporary licenses for six Churchill Downs Inc. (CDI) properties to begin accepting in-person sports wagers on Thursday, Sept. 7, the company said via a release Wednesday morning. CDI will operate Race and Sports Books at its racetracks and Historical Racing Machine (HRM) facilities in Kentucky which include: Churchill Downs Racetrack: 15 sports betting kiosks, 168 sq. ft. video screen, 20 large format televisions; Derby City Gaming & Hotel: 15 sports betting kiosks, 300 sq. ft. video screen, 12 large format televisions; Ellis...

Woodbine Entertainment and bet365 have made horse racing now available to Ontario sports bettors, the track said in a release Friday. "This a great day for Ontario sports bettors and especially for the horse racing industry in the province," said Jim Lawson, CEO, Woodbine Entertainment. "For over a year, we have been working hard with regulators, government agencies and our partners at bet365 to develop the technology and satisfy all requirements to allow players to access pari-mutuel horse racing betting products using accounts with legal gaming operators in Ontario with...

With the opening day of sports betting just three weeks away, Kentucky Gov. Andy Beshear has provided a timeline of key dates, including that betting will officially start at 10 a.m. EDT on Thursday, Sept. 7, for in-person bets at licensed retail facilities. A list of approved retail facilities and mobile applications will be released Aug. 22, following the Kentucky Horse Racing Commission (KHRC) meeting. "The countdown is on. We are just three weeks away from sports wagering in Kentucky," said Gov. Beshear. "We are ready to deliver the quality...

Although Kentucky's horse racing purses will not directly benefit from recently legalized sports betting, the state's nine tracks on Monday were authorized to apply for retail sports book permits starting Tuesday, July 11. They could start taking bets on games as early as Sept. 7, the first day of the National Football League season. Online sports wagering, which is expected to eventually account for 90% of an estimated $23 million in sports betting tax and licensing revenues for the state, will be rolled out Sept. 28. Those dates were confirmed...

Caesars Entertainment, Inc. on Tuesday announced agreements with Keeneland and Red Mile Gaming & Racing in Lexington granting them operator market access to offer legalized mobile sports wagering in Kentucky. The announcement comes six weeks after Kentucky Governor Andy Beshear signed Bill 551 legalizing sports wagering in the state into law on Mar. 31. Caesars also announced plans to open Central Kentucky's only brick-and-mortar retail sportsbook locations, subject to regulatory approvals from the Kentucky Horse Racing Commission. "Keeneland and Red Mile are iconic horse racing venues with an important legacy...

Just before the Kentucky State Legislature was to adjourn Thursday evening, House Bill 551--legislation to legalize, regulate and tax sports betting in the Commonwealth of Kentucky that seemed a longshot as late as Thursday morning--passed the Kentucky State Senate by a vote of 25-12. Governor Andy Beshear was to sign the legislation, which required 23 votes in favor, into law Friday morning. "After years of urging lawmakers to legalize sports betting, we finally did it!" Beshear tweeted Thursday evening. "Today's result shows that hard work pays off. Kentuckians will soon...

No business can change what it does not measure. Racing's public measurement of support, via wagering, hides serious issues. Recent stories have continued to cite declines in total handle, wondering just what is at play. How that handle has been derived has changed dramatically, but that's not reflected in the overall numbers. Over the last century, U.S. racetracks have reported total handle on their races and, for most of that time, it was one metric that accurately depicted the health of the business. But in our modern era of simulcasting,...