sports betting

Caesars Sportsbook has entered into a partnership agreement with the New York Racing Association establishing Caesars as an official sports betting marketing partner and the title sponsor of the NYRA Turf Triple Series. In addition, Caesars Sportsbook will partner with NYRA Bets to offer its customers sports betting promos and offers both across the state and on-site at Belmont Park and Saratoga Race Course, as well as access to VIP hospitality assets for Caesars Sportsbook bettors. Hospitality assets include premium seating at Saratoga. "Caesars has been a household name in...

It's a hell of a time in racing to become the new head of one of the sport's foremost national organizations, but new National Thoroughbred Racing Association president and CEO Tom Rooney says he's ready for the challenge. Wednesday morning, the former U.S. congressman joined the TDN Writers' Room presented by Keeneland's final show of 2021 as the Green Group Guest of the Week to discuss what the NTRA's top priorities will be under his stewardship, how his previous experience on the Hill can benefit the industry, what he thinks...

   This is Part 3 of the Thoroughbred Idea Foundation's (TIF) series "Wagering Insecurity."    Faced with remarkable competitive pressure from the rise of legal sports betting, horse racing is at a crossroads.    Confidence amongst horseplayers and horse owners is essential to the future sustainability of the sport. Efforts to improve the greater North American Thoroughbred industry will fall flat if its stakeholders fail to secure a foundation of integrity, along with increased transparency of the wagering business and its participants over time. Achieving this is growing increasingly difficult...

The years-long bid by New Jersey Thoroughbred Horsemen's Association (NJTHA) to seek $150 million in alleged damages from the four major team sports leagues and the college sports regulatory body (NFL, MLB, NBA, NHL and NCAA) ended Jan. 11 with a far lesser settlement approved by a federal judge, who wrote that the case has been "amicably resolved" among the parties. According to the three-page "stipulation and order" signed Monday by United States District Court (New Jersey) Chief Judge Freda Wolfson, in exchange for ending its legal pursuit for more...

Woodbine Entertainment issued the following statement Thursday: In response to the Federal Government introducing a Bill that proposes to legalize single event sports wagering in Canada, Woodbine Entertainment would like to congratulate the Government of Canada for considering the potential impacts to the horse racing industry. While the proposed Bill to Amend the Criminal Code would permit single event sports betting on most sports, Woodbine Entertainment is pleased that under the new proposed legislation, fixed odds wagering will not be permitted on horse racing. "On behalf of the entire horse...

A bill that would legalize single-event sports wagering in Canada and is now being debated by members of Parliament in the Canadian House of Commons would have a disastrous impact on racing, warns Woodbine CEO Jim Lawson. The bill does not allow for the racetracks to be part of the sports betting universe and, perhaps even more worrisome, it would allow non-racing betting sites to take fixed-odds bets on racing without having to share any of the revenue with the industry. "This is a real threat to the industry and...

The Nebraska horse racing industry, which has struggled for years to offer competitive purses, got a major boost Tuesday when voters overwhelmingly approved three constitutional amendments that legalize casinos at the state's racetracks. In other gambling related matters on the ballot across the country Tuesday, Marylanders voted in favor of legalizing sports betting in the state and voters in South Dakota approved sports betting, which would be restricted to the town of Deadwood, which already has a casino. In Louisiana, 55 of 64 parishes approved sports betting, including the four...

When it was announced last week that a record $748.6 million had been wagered on sports during September in New Jersey that appeared to be more bad news for horse racing. It was the most ever bet in any one state during a month and a sign of the times. The amount legally wagered on sports in this country is soaring, with no end in sight, and it stood to reason that some of that money had been siphoned off from racing. Sports betting is now available in 18 states...

by Thoroughbred Idea Foundation Have you noticed the explosion of sports betting legalization around America? As it stands now, horse racing is offered almost exclusively as a pari-mutuel wagering option, which often renders impossible the co-location of racing with other fixed odds sports bets. Be it Draft Kings, Fanduel, the new Barstool Sportsbook through Penn National Gaming, or any other provider in the growing number of states legalizing sports betting--racing is not amidst those offerings. That puts U.S. racing at a monumental disadvantage. In February 2019, the Thoroughbred Idea Foundation...

The United States Supreme Court on Monday opted not to get involved in a years-long court dispute over whether the major professional and college sports leagues owe the New Jersey Thoroughbred Horsemen's Association (NJTHA) $150 million in alleged damages. The Associated Press reported that the case now goes back to a federal court in New Jersey, where a judge will consider evidence from both sides and decide how much the leagues have to pay. Some $3.4 million in potential damages had been escrowed in 2014 when the four major U.S....

Much has been said and written about racing's opportunity during the coronavirus pandemic to capture wagering dollars typically directed towards sports betting or spent in casinos, and I'm happy to report that two of my closest friends have done their part in contributing to handle over the past month or so. Neither are complete rookies, but they don't regularly bet races. We actually started betting horses at the same time--early in our college careers, but they never got hooked on the sport like I did. They've been to Saratoga, will...

The Week in Review, by T.D. Thornton Although the long-term implication of breeding trends on the soundness of racehorses was not an aspect that got covered in the post-mortem report released last week on Mongolian Groom (Hightail)'s fatal injury in the GI Breeders' Cup Classic, the author of that analysis, Dr. Larry Bramlage, did address the topic in a Jan. 16 media teleconference that followed up on the study he was commissioned to write for the Breeders' Cup. And while the breeding-related remarks by the internationally respected equine orthopedic surgeon...