Ticker
  • Nyquist will get in his final Kentucky Derby workout Friday afternoon at Keeneland.Posted 3 days ago
  • Time and Motion wins the Memories of Silver for Jimmy Toner.Posted 4 days ago
  • Finest City sets new track record in Great Lady M.Posted 5 days ago
  • Stanford finds his way back to the winner's circle in the Charles Town Classic.Posted 5 days ago
  • Rose Brier sets new course record in the Henry S. Clark.Posted 5 days ago
  • Da Big Hoss lives up to his name with the Dixiana Elkhorn win.Posted 5 days ago
  • Raging Smoke leads all the way in the Sugar Maple.Posted 5 days ago
  • Highland Sky flies home to Woodhaven victory.Posted 5 days ago
  • Brooklynsway upsets I'm A Chatterbox in the Doubledogdare at 25-1.Posted 6 days ago
  • Cupid has been removed from consideration from the Kentucky Derby; Mo Tom is now in.Posted 10 days ago

Twinspires, XpressBet experience declines

Handle through two of the three leading national account-wagering platforms in the United States declined in the first quarter of 2011 compared with the first quarter of 2010, according to the platform operators and regulators in Oregon, where the platforms have betting hubs. The decline signals a contraction in the account-wagering market for perhaps the first time.


Combined with a slight increase for the third large account-wagering operator the overall 7.9 percent decline is the first significant quarter-to-quarter drop for the leading operators in the account-wagering sector, which has been the only growing component of the national wagering market over the past several years. The decline far exceeded a 1.8 percent contraction in race days during the quarter and was a significant component in an 8.5 percent decline in total wagering on U.S. races for the first three months of the year.


Overall, handle through the three dominant account-wagering platforms was $365.5 million in 2011, compared with $397 million in the first quarter of 2010, according to the figures. The figures do not include totals from account-wagering platforms that do not have a hub in Oregon, but those operations, such as the New York Racing Association’s NYRA Rewards account-wagering service, typically serve local markets.

Read More

 

comments powered by Disqus

Top Stories