Last Friday at Monmouth Park, reports legalsportsbetting.com, the New Jersey State Bar Association (NJSBA) held its annual “Day at the Races” meeting to take a look at the legal issues in the state’s horse racing industry. The passage of SB 2992 in February 2019 dictates that horse racing will receive a cut of the sports […]
The post Racing Industry Anticipates Growth As ‘Sports Bettors Wagered More In New Jersey Than In Nevada’ appeared first on Horse Racing News | Paulick Report.
A Kentucky legislator testified Wednesday about the latest version of a sports gambling bill he’s pushing, one that would tie in Daily Fantasy Sports and online poker and put the Kentucky Horse Racing Commission in charge of sports wagering. Republican Adam Koenig made his comments at a meeting of a House committee he chairs. He […]
The post Substitute Sports Betting Bill Filed In Kentucky; Racing Commission Would Regulate appeared first on Horse Racing News | Paulick Report.
The Thoroughbred Idea Foundation recently released its latest white paper on an issue that’s all the talk in the racing industry: What to do about the legalization of sports betting? In today’s edition of The Friday Show, Scott Jagow and Ray Paulick discuss what the TIF proposes and the feasibility of making necessary changes within […]
The post The Friday Show Presented By Indiana Racing & Breeding: Do Battle With Sports Betting? appeared first on Horse Racing News | Paulick Report.
The Iowa Horsemen’s Benevolent and Protective Association (HBPA) announced today their intent to become the single license holder in Iowa for sports wagering. Their bill, which was recently released by the state government committees in both the Iowa House as HSB 124 and Senate as SSB 1100, demonstrates the horsemen’s unique ability to implement sports […]
The post Iowa Horsemen Move To Become Sole Sports Wagering License Holder In The State appeared first on Horse Racing News | Paulick Report.
The Thoroughbred Idea Foundation (TIF) has released its latest white paper. “Horse Racing and ‘Legal’ Sports Betting” takes an in-depth look at the explosive growth of fixed-odds betting against the backdrop of racing’s long-standing pari-mutuel business. “Without question, legal sports betting presents a momentous threat to all facets of the horse racing business,” said TIF Executive […]
The post Thoroughbred Idea Foundation: Horsemen Must Lead The Way In New Sports Betting Era appeared first on Horse Racing News | Paulick Report.
Churchill Downs, Inc. has completed the purchase of Presque Isle Downs, opening the door for the company to take advantage of legalized sports betting in Pennsylvania. CDI bought the Erie racetrack from Eldorado Resorts for just shy of $179 million. The deal was approved by the Pennsylvania Gaming Control Board and the Pennsylvania State Horse […]
The post Churchill Downs Finalizes Purchase Of Presque Isle, Targets Sports Wagering In Pennsylvania appeared first on Horse Racing News | Paulick Report.
Former New Jersey Governor Chris Christie is urging state lawmakers to avoid ceding control of sports wagering to the federal government, and also to avoid granting the sports leagues a “slice of the action,” according to nj.com. The latter issue has to do with so-called “integrity fees,” which would give a part of the gambling revenue […]
The post ‘Integrity Fees’? Christie Advocates Against Federal Control Of Sports Betting appeared first on Horse Racing News | Paulick Report.
With an impending deal for Churchill Downs to purchase Presque Isle, it was unsurprising that the Pennsylvania oval became the third track in the state to apply for a sports wagering license. According to playusa.com, Presque Isle’s application was received by the Pennsylvania Gaming Control Board on Dec. 7. Though the PGCB is scheduled to meet […]
The post Presque Isle Downs Joins Pennsylvania’s Rush To Sports Wagering appeared first on Horse Racing News | Paulick Report.
Lawmakers in the state of New Jersey are considering a bill to pump $100 million into the state’s horse racing industry over the next five years, according to whyy.org. The New Jersey Racing Commission would be in charge of distributing $20 million annually, split evenly between the Thoroughbred and Standardbred industries. On Monday, the bill was […]
The post Lawmakers Consider Sending $100 Million To New Jersey Horse Racing Industry appeared first on Horse Racing News | Paulick Report.
State lawmakers in Virginia plan to file bills in the commonwealth’s General Assembly to legalize sports gambling, according to the Richmond Times-Dispatch. It’s considered unlikely the General Assembly will pass anything allowing sports gambling at first, but as other states vote to allow it, the state may eventually be forced to keep up. Gov. Ralph […]
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