california wagering

Highlighted by the buzz around Flightline (Tapit)'s stellar GI TVG Pacific Classic performance in the track's signature event, Del Mar had record wagering and field size for the 31-day summer meet that ended Sunday, as well as a continued excellent safety record for the fourth consecutive year. There were no catastrophic injuries among 2,688 starters in the meet's 294 races. The 83rd summer meet at Del Mar Thoroughbred Club (DMTC) set new records for average daily handle with $18.69 million a day, an increase of 1.5% from last year's $18.41...

Last week, the Thoroughbred Owners of California (TOC) announced a roughly $15-million, two-year "purse enhancement" program as part of an agreement with TVG, the Del Mar Thoroughbred Club and The Stronach Group's 1/ST Racing. The reason for the new program is simple: an unprecedented betting shift toward ADW platforms over the past 11 months has hit the California purse account hard. Not just the purse account. This shift has similarly clobbered several key industry programs that rely heavily on wagering made at brick and mortar venues. The Southern California Stabling...

Like an overzealous professor, the pandemic has taken a bright red marker to the status quo, with the racing industry very much on the receiving end of this economic revisionism. When it comes to California alone, startling betting patterns have emerged with potentially serious ramifications for the long-term sustainability of the sport in the state--that's according to handle and purse data from the first eight months of the past three years put together for the TDN by the Thoroughbred Owners of California (TOC). Among the key takeaways is this: While...