California Horse Racing Meet Rises

Press Release

Total mutuel handle generated in California for the Los Angeles County Fair meet at Los Alamitos, which concluded Sunday, Sept. 24, was up slightly over the 2016 season.

The total handle in California – including on-track, off track betting sites and through advance deposit wagering entities – was $41,982,620 compared to $41,690,533. Those figures represent a 0.7% gain. The all-sources total co-mingled handle for the meet, including sites outside of California, was $62,737,026, compared to $63,147,196, a slight decrease of 0.6%.

Daytime thoroughbred racing will return to Los Alamitos Thursday, Nov. 30 with the start of the Winter meet. The 12-day season will continue through Sunday, Dec. 17 with racing conducted on a Thursday-Sunday basis.

The meet will be highlighted by a pair of Grade I races for 2-year-olds. The $300,000 Starlet for fillies and the $300,000 Los Alamitos CashCall Futurity will be run Saturday, Dec. 9.

I Want Arrogate Bad, says California Chrome’s Trainer

California Chrome working out spring of 2014

2014 copyright Gary Tasich

Chrome wins by 12 lengths and sets Los Alamitos track record

CYPRESS, Calif.—California Chrome’s racing career in his home state finished in the spectacular fashion everyone expected. He won Saturday’s $180,000 Winter Challenge by 12 lengths at Los Alamitos and did it without really trying.

If that’s not enough, he set a track record for 1 1/16 miles by more than three-quarters of a second with a… [Read more…]

Exchange Wagering Plans in the works in California

 “Horse racing is in trouble,” said Ed Martin, president of the Association of Racing Commissioners. “There are tons of people whose livelihoods rely on this industry. This industry has to adjust to the technological revolution.”

Horse racing is the only legal online gambling in the United States. About 20 percent of all bets are now made from home, according to industry data. That’s expected to grow to 44 percent by 2020.

Currently, online betting sticks to the same parimutuel formats offered on track. Wagers go into a common pool for each race and type of bet, with final odds and payoffs determined by the total amounts bet before the starting gate opens.

Instead, exchange wagering acts like a stock exchange… READ MORE