Bank of America Approves Deposits for Online Wagering Sites (ADW)

LEXINGTON, Ky. (September 22, 2021) ― The National Thoroughbred Racing Association (NTRA) today confirmed that Bank of America, the second-largest bank in the United States and one of the largest card-issuing banks in the country, has for the first time begun approving debit card deposit transactions with U.S. licensed and regulated advance deposit wagering companies (ADWs).

The decision by Bank of America, which began accepting debit card transactions in mid-August, is expected to have a positive impact on overall U.S. pari-mutuel handle.

“This is another positive step for Thoroughbred racing and one that would not have come about without the support of Bank of America and the advocacy on behalf of our industry by Rep. Andy Barr (R-KY) and his staff,” said NTRA President and Chief Executive Officer Alex Waldrop.

“I commend Bank of America for expanding access to wagering on Thoroughbred horse racing for the roughly 66 million Americans that the bank serves,” said Barr, who serves on the U.S. House of Representatives Financial Services Committee.  “This is a win for Bank of America customers and the horse racing industry.  Bank of America’s decision will strengthen the horse racing industry in the Commonwealth and throughout the United States.”

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Rich Nilsen is an 18-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the 2018 NHC Tour with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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