Ticker
  • Alert Bay best in the Zia Park Derby! Posted 3 hours ago
  • Cassatt takes them all the way in the Zia Park Oaks! Posted 3 hours ago
  • Shared Belief worked 4f in :50.40 (8/15) at Golden Gate on Nov 25. Posted 6 hours ago
  • Big Macher best in the Cary Grant! Posted 3 days ago
  • Calgary Cat blows by the field in the Kennedy Road! Posted 3 days ago
  •  California Chrome works 4f over Del Mar turf course in :52.00Posted 3 days ago
  • Belmont runner-up Commissioner returned to the work tab Nov 22 (3f in :38.12 at Palm Beach).Posted 3 days ago
  • Sunbean raises his career record to 12-for-19 lifetime with a Delta Mile victory! Posted 4 days ago
  • Ocho Ocho Ocho edges Mr. Z in the Delta Downs Jackpot! Posted 4 days ago
  • Take Charge Brandi scores again, this time in the Delta Downs Princess!Posted 4 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