Ticker
  • Polar River wins the UAE 1000 Guineas by a pole.Posted 1 day ago
  • Kobe's Back goes from last to first down the stretch to win the Palos Verdes.Posted 5 days ago
  • Storied Lady (4-1) up the rail to nip Saythreehailmary's in the Biogio's Rose.Posted 5 days ago
  • Hoppertunity nips Imperative by a San Antonio head-bob.Posted 5 days ago
  • In her seasonal debut, Songbird is a dominant winner of the Las Virgenes at Santa Anita.Posted 6 days ago
  • Lukes Alley kicks it in late to win the Grade 1 Gulfstream Park Turf Handicap.Posted 6 days ago
  • Mor Spirit cruises late to win the Robert B. Lewis at Santa Anita.Posted 6 days ago
  • Aussie-bred Power Alert gets there first in the GP Turf Sprint.Posted 6 days ago
  • Tommy Macho runs away with the Fred Hooper at Gulfsrtream Park.Posted 6 days ago
  • No catching Tammy the Torpedo in the turfy Suwannee River.Posted 6 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