ADW

No industry gathering at which Thoroughbred executives discuss pricing issues is immune from the intertwined topic of death and taxes. In the pari-mutuel world, that means talking about takeout, or, more specifically, how the disparate fees that different classes of bettors must pay for the privilege of placing wagers are killing off smaller-scale casual horseplayers. A Wednesday panel discussion at the Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program in Tucson was the latest Thoroughbred confab at which the takeout issue got batted around...

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...

Months of contentious jockeying over whether Ferndale (Humboldt County Fair) should run its second of two weeks of racing at the end of August un-overlapped with its Northern California compatriot, Golden Gate Fields (GGF), ended in defeat for the small rural track. In a 5-1 vote during Thursday's California Horse Racing Board (CHRB) meeting, the board decided that during the week running Aug. 23 to Aug. 29, Humboldt and GGF would field simultaneous race meets. Ferndale will run the first of two scheduled weeks of racing this year, from Aug....

A business partnership between performance-figure provider Thoro-Graph, Inc., and the New York Racing Association (NYRA) that had been billed as a "win-win-win" deal for the two parties and advance-deposit wagering (ADW) customers when it first launched in 2017 has gone sour, resulting in a lawsuit filed in New York State Supreme Court. According to the civil complaint, Thoro-Graph is suing both NYRA and its NYRA Bets ADW platform over the alleged non-payment of at least $333,000 that Thoro-Graph believes is its rightful cut for incentivizing horseplayers to become NYRA Bets...

Five months after New Hampshire gambling regulators and the state's attorney general disclosed that they were investigating the TwinSpires advance deposit wagering (ADW) platform over concerns that the Churchill Downs, Inc. (CDI)-owned entity has operated for years without being explicitly licensed there, TwinSpires is ceasing operations in the Granite State. Back in April, Charlie McIntyre, the executive director of the New Hampshire Lottery, which regulates all forms of gambling in the state, told WMUR-TV that "They're not regulated by us, nor do they operate on any confines of state law.......

The California Horse Racing Board will conduct an in-person meeting Wednesday, Aug. 17 beginning at 12:30 p.m. at the Del Mar Hilton. The meeting will be open to the public. Those providing unsolicited public comment on individual agenda items will be limited to two minutes and comments must relate specifically to the agenda items; regarding agenda item #8, Public Comment, no further comments will be permitted after 30 minutes. For those who do not attend, the webcast audio link on the CHRB website will provide a way to listen to...

Edited Press Release The New York Racing Association, Inc. (NYRA) announced Saturday that NYRA Bets, LLC (NYRA Bets), is now available in the state of Michigan for residents ages 21 and older. "NYRA Bets is the best way to bet the races, and we are thrilled that horseplayers in Michigan can download the app today to access NYRA Bets," said Matt Feig, General Manager of NYRA Bets. New users who sign up for NYRA Bets today are eligible to earn up to $200 in a deposit match with a $25...

TVG has unveiled significant improvements to its wagering app (available for both Apple and Android) and has added on-demand GI Kentucky Derby-related content to its OTT WatchTVG app (for Roku, Amazon Fire TV and Apple TV). "Our team is always looking at ways to improve the wagering experience for TVG customers and to reinvest in technology upgrades to improve the customer experience and make it easier for new fans," said Kip Levin, CEO of TVG. "These enhanced wagering and handicapping features on our mobile app are the latest example of...

In a spat over advance-deposit wagering (ADW) hub rate fees and which entity should benefit from the pandemic-related boom in at-home betting, a subsidiary of the gaming corporation Churchill Downs, Inc., filed a federal lawsuit against Thoroughbred Owners of California (TOC) Feb. 2 asking a judge to rule that TOC can't use a state law to force CDI into either accepting lower rates, abandoning its just-signed agreement with Santa Anita Park, or entering into arbitration to settle the dispute. In a chain of events that plaintiff Churchill Downs Technology Initiatives...

The sport's major ADWs enjoyed explosive growth in 2020 and, in some respects, none of this comes as a complete surprise. In a year where everything, not just in racing but in society as a whole, was turned upside down by the pandemic, ADWs were oftentimes the only way a horseplayer had to get a bet down. Handle, no doubt, flowed during the year from bricks and mortar facilities to the ADWs. But was some of the growth a product of racing attracting new customers while it was up and...

With many wheels of California's daily industry operations greased through wagering made at bricks and mortar venues, a pandemic-driven wholesale betting shift towards ADW platforms has thrown a sizeable wrench into the works, prompting something of a fiscal scramble to readjust. Just last week, the Southern California Stabling & Vanning Racing Committee announced a set of stop-gap funding measures to grapple with a $2-million deficit and maintain the stabling status-quo in the southern portion of the state during 2021. On Wednesday, the Thoroughbred Owners of California ("TOC") announced a new...

Del Mar's short fall meet ended this past weekend with a flourish and a blitz of top-class racing that lured quality runners from across the country, as epitomized by Chad Brown's Grade I double courtesy of Domestic Spending (GB) (Kingman {GB}) in the Hollywood Derby and Viadera (GB) (Bated Breath {GB}) in the Matriarch S. The meet rounded out what has been a challenging year for the track, to say the least, thanks to the extraordinary headwinds from a global pandemic, and the already tough economic environment for California horsemen....