Sports Betting and Racing

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Sports Betting and Racing THURSDAY, MAY 24, 2018 SPORTS BETTING AND MIND YOUR BISCUITS SOLD, TO STAND IN JAPAN by Joe Bianca RACING: AFTER JERSEY, Three-time Grade I/Group 1-winning sprinter Mind Your Biscuits (Posse–Jazzmane, by Toccet) has been sold to Teruya THEN WHAT? Yoshida’s Shadai Farm in Japan, where he will stand stud after being retired from racing, trainer Chad Summers confirmed Wednesday. The story was first reported by Thoroughbred Racing Commentary. The 5-year-old chestnut, voted New York-bred Horse of the Year in 2016, is best known for winning back-to-back renewals of the G1 Dubai Golden Shaheen the past two years. “They approached us last summer at Saratoga and had some representatives come look at the horse and liked him,” Summers said. “Over the wintertime, [bloodstock agent] Eugenio [Colombo] stayed in touch with us. When we won in Dubai again this year, they came and made us an offer, which I turned down. Then they made us another offer, which I took.” Cont. p6 (Click here) IN TDN EUROPE TODAY CRAVEN TOPPER BECOMES A RISING STAR Parx Racing | Sarah Andrew Legends Of War (Scat Daddy), the top lot at last month’s Tattersalls Craven Sale and also a graduate of Fasig-Tipton’s by Bill Finley Turf Showcase, earns ‘TDN Rising Star’ status on debut. Click Barring any more political or legislative bumps in the road, the or tap here to go straight to TDN Europe. new target date for opening up a sports book at Monmouth Park is the second week in June. But while the focus has been on Monmouth, a handful of other states with racing are poised to begin accepting sports wagering as well, and some are very close. In fact, there is some speculation that Delaware Park, and not Monmouth, could be the first Thoroughbred track to take single-game sports bets. With laws having already been passed in Delaware, West Virginia and Pennsylvania to allow sports betting, experts predict those states will fall closely in line behind New Jersey. Mississippi is also close to opening sports books, but there are no racetracks in that state. While several other states are expected to eventually legalize and open sports books, most need to still clear political and legislative hurdles before being able to do so. A look at the three racing states, beyond New Jersey, that are ready to go with sports betting and what that may mean for racing there begins on page three. PUBLISHER & CEO Sue Morris Finley @suefinley [email protected] V.P., INTERNATIONAL OPERATIONS Gary King @garykingTDN [email protected] EDITORIAL [email protected] Editor-in-Chief Jessica Martini @JessMartiniTDN Managing Editor Thursday, May 24, 2018 Alan Carasso @EquinealTDN Senior Editor Steve Sherack @SteveSherackTDN Racing Editor Brian DiDonato @BDiDonatoTDN News and Features Editor Ben Massam @BMassamTDN Associate Editors Christie DeBernardis @CDeBernardisTDN Joe Bianca @JBiancaTDN ADVERTISING [email protected] Director of Advertising Alycia Borer Advertising Manager Lia Best Advertising Designer Amanda Crelin Advertising Assistants Alexa Reisfield Rachel McCaffrey Photo Editor/Dir. of Distribution Sarah K. Andrew @SarahKAndrew [email protected] Social Media Strategist Justina Severni Legends Of War (Scat Daddy), in the colors of Qatar Racing, becomes a ‘TDN Rising Director of Customer Service Star’ on Wednesday at Yarmouth. The colt was a $200,000 purchase at Fasig-Tipton's Vicki Forbes Turf Showcase sale last year, and was pinhooked through Mayfield Stables to Stephen [email protected] Hillen at the Tattersalls Craven Sale last month for 900,000 guineas. See TDN Marketing Manager Europe/International for story. | racingfotos.com Alayna Cullen @AlaynaCullen Director of Information Technology HOF ANNOUNCES 12 PILLARS OF THE TURF 6 Ray Villa The National Museum of Racing and Hall of Fame has announced [email protected] its 12 2018 Pillars of the Turf–the list is a veritable who’s who Bookkeeper of important historical racing figures. Terry May [email protected] WORLDWIDE INFORMATION TODAY’S GRADED STAKES International Editor EST Race Click for TV Kelsey Riley @kelseynrileyTDN [email protected] 2:35p Matchbook VIP Henry II S.-G3, SAN -------------- ----- European Editor 3:10p Matchbook Brigadier Gerard S.-G3, SAN -------------- ----- Emma Berry [email protected] Associate International Editor Heather Anderson @HLAndersonTDN Newmarket Bureau, Cafe Racing Sean Cronin & Tom Frary [email protected] 60 Broad Street, Suite 100 Red Bank, NJ 07701 732-747-8060 | 732-747-8955 (fax) www.TheTDN.com TDN HEADLINE NEWS • PAGE 3 OF 12 • THETDN.COM THURSDAY • MAY 24, 2018 Sports Betting cont. from p1 Delaware: Delaware was in a unique position in that it already had a limited legal form of sports wagering prior to the Supreme Court striking down the Professional and Amateur Sports Protection Act as unconstitutional. Delaware’s racetracks --Delaware Park and the harness tracks Dover Downs and Harrington Raceway--have been allowed to take parlay bets on sporting events, but not single game wagers. Because the limited form of sports betting already existed in the state, Delaware’s Governor and Attorney General have announced that they see no reason they cannot implement full-fledged sports betting as soon as possible. No date has been given as to when the racetracks will be allowed to start taking sports bets, but expectations are they will be up and running before the end of June. There are no standalone casinos in Delaware. Delaware’s horse racing industry is also well-positioned to benefit from sports betting because Delaware is the only state where sports betting laws are in place that require part of the Breeders’ Cup Dirt Mile: profits to go to purses. According to Delaware Thoroughbred June 9, The Runhappy Metropolitan- G1 Horsemen’s Association President Bessie Gruwell, 9.6% of the revenue from the parlay bets go to purses and that will not BEL, 3yo & up, 1m, Closes May 26 change for single-game bets, which are much more popular with gamblers than the parlays. Breeders’ Cup Distaff: “One thing I will say about the State of Delaware, once we June 9, Ogden Phipps - G1 started with the video lottery terminals, we’ve been fortunate enough that we also share in table game revenue and sports BEL, 4yo & up F & M, 1 1/16m, Closes May 26 wagering revenue,” she said. “The only things we don’t share in are lottery and keno. The State of Delaware has certainly Breeders’ Cup Turf Sprint: recognized the horseman as a partner. It’s the state, the horsemen and the casinos.” June 9, Jaipur Invitational - G2 Gruwell says she has no idea what to expect when it comes to BEL, 4yo & up, 6f (T), Closes May 26 how much money will be pumped into the purse account through sports betting and says she has heard estimates that range from the same $500,000 cut from the parlay bets they For additional information, including the complete Win and You’re In schedule, currently receive to $10 million. Cont. p4 click here or call the Breeders’ Cup Racing Office at (859) 514-9422. *Travel awards for ALL Championship starters (based outside KY) She also speculates that, over time, the money will go down. “I think this will mean better days are ahead for Delaware Park for a two to three-year period,” she said. “That’s because we’re going to be up and running before some other states. Then I think we’ll have the same thing happen that happened to our casino. We had a good solid 10 years where our only competition was Atlantic City. Once Philadelphia and Maryland came on board, we really got saturated.” Cont. p4 FIND US ON FACEBOOK www.facebook.com/thoroughbreddailynews Delaware Park | Sarah K Andrew CONNECT Curlin - Bullville Belle, by Holy Bull BOOK FULL FOR 2018 150+ MARES IN FIRST YEAR Thank you to breeders and our partners for their outstanding support. TEL: 859.873.7300 TDN HEADLINE NEWS • PAGE 4 OF 12 • THETDN.COM THURSDAY • MAY 24, 2018 Sports Betting cont. West Virginia: West Virginia passed the West Virginia Sports Lottery Wagering Act in March. The law permits the state’s five gaming facilities, which include Charles Town and Mountaineer Park, to offer sports betting under the lottery’s oversight. The state is now formulating rules and regulations covering sports betting and the plan is for it to be up and running in the Mountaineer State by the beginning of the NFL season. As is the case with most states that have passed sports betting legislation, there is nothing in the legislation that requires the track owners or casinos to give any money to purses. Charles Town is owned by Penn National Gaming and Mountaineer is owned by Eldorado Resorts. Though neither company has any incentive to push some of the sports betting profits into racing, Randy Funkhouser, president of the Charles Town HBPA, remains hopeful that track owners will put some of the money into purses, calling it “the right thing to do.” “I don’t know what they plan to do,” Funkhouser said. “It was years ago when [Penn National] came and bought Charles Town and the horsemen got behind them. There were some problems with the previous owners. We welcomed them and we worked hard to make it happen. Since then, they have been extremely successful here. I know corporations are not eager to part with their monies, but people have worked very hard to give them the opportunity to run a successful business at Charles Town. This has always been the cash cow and they need try to help the horsemen who have really suffered terribly over the last few Pennsylvania: Pennsylvania legalized sports betting when it years.
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