United Tote

The Week in Review - Last month, when parties on both sides of a pending class-action lawsuit over computer-assisted wagering (CAW) argued in federal court over allegations that the nation's biggest racetracks have conspired with "insider" high-volume bettors to rig pari-mutuel pools at the expense of small-scale horseplayers, the defendants in the case-the New York Racing Association (NYRA), The Stronach Group (TSG), Churchill Downs, Inc. (CDI), Racing and Gaming Services (RGS), AmTote International, United Tote, and Elite Turf Club-wrote letters to the judge purporting that plaintiff Ryan Dickey was using...

In the days leading up to and after Christmas, parties on both sides of the pending class-action lawsuit involving computer-assisted wagering (CAW) have sparred in federal court over whether allegations that the nation's biggest racetracks have conspired with "insider" high-volume bettors to rig pari-mutuel pools at the expense of average horseplayers constitute valid claims under the Racketeer Influenced and Corrupt Organizations Act (RICO). The defendants in the lawsuit-which include The Stronach Group (TSG), Churchill Downs, Inc. (CDI), the New York Racing Association (NYRA), AmTote International, United Tote and Elite Turf...

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...

Former horse racing gambler Ryan Dickey has filed a class action lawsuit against several entities related to wagering platforms offered to Computer Assisted Wagering (CAW) players under the under the Racketeering Influenced and Corrupt Organizations Act ("RICO") and under state law, alleging they have "organized and participated in the corruption of the betting system to the detriment of the class." The lawsuit was filed Friday in the U.S. District Court for the Eastern District of New York. The dependents comprise The Stronach Group (TSG), Churchill Downs, the New York Racing...

Last week, economics professors Marshall Gramm and Nick McKinney published a study in these pages showing the impacts at Aqueduct the past four winters from CAW players during the last flash across all the pools. According to that study, the percentage share from CAW players of monies wagered last-minute into the Exacta, Trifecta, Superfecta and Early Pick 5 pools (among others) had jumped significantly between 2022 and 2024. In light of that published study, the New York Racing Association (NYRA) has issued a statement explaining that, in the fall of...

The Pick 6 carryover of $44,200 will be transferred to the Thursday, June 6 program at Saratoga Race Course after a pair of races included in the multi-race wager were taken off the turf on Monday's card. Following the conclusion of Race 4--the opening leg of the Pick 6 wager--and a weather delay which included significant rainfall, the New York Racing Association, Inc. took Race 6 and Race 7 off-the-turf. A total of $230,327 in new money was wagered into Monday's Pick 6 pool at a carryover takeout rate of...

After failing to properly calculate Kentucky's newly implemented penny breakage at two Standardbred race meets in July, the totalizator services provider United Tote Company has been fined and ordered to "seed" a future exotic wagering pool with $4,445.77, which equals the amount that the Kentucky Horse Racing Commission (KHRC) determined should have been paid out to bettors had the calculations been correct. According to an administrative ruling dated Sept. 12 and signed by Waqas Ahmed, the KHRC's director of pari-mutuel wagering and compliance, United Tote "provided improper totalizator services" on...

Edited Press Release Churchill Downs Incorporated has entered into a multi-year agreement with FanDuel Group involving different facets of FanDuel's sports wagering, advance deposit wagering and television business. Under the Agreement, CDI will provide certain technology and services to enable FanDuel's customers to place pari-mutuel wagers on horse racing via FanDuel's sports wagering and ADW platforms. CDI will also authorize wagering on CDI's owned or controlled horse racing content via FanDuel's platforms in the United States and grant FanDuel certain television and media rights to broadcast CDI-owned racing content on...

Churchill Downs Inc. has entered into an agreement to sell 49% of United Tote Company to NYRA Content Management Solutions, LLC, a subsidiary of the New York Racing Association. The transaction is subject to usual and customary closing conditions, including applicable regulatory notices and approvals, and is expected to close by the end of 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI. CDI and NYRA intend to work together to create and provide a comprehensive and efficient industry-leading...

Edited Press Release Officials at Churchill Downs Incorporated (CDI) have announced that Nate Simon has been named Senior Vice President and Chief Technology Officer of the company. He will be responsible for providing strategic technology leadership and services. Simon replaces Ben Murr who was promoted to President of TwinSpires and Online Gaming in January. Simon joined CDI in 2011 as Vice President of Operations for the Company's United Tote division before his promotion to President of United Tote in 2012. During that time, Simon was accountable for over 200 employees...