SoCal Racing Savior?

stark · Sun Nov 17, 2024 12:05 pm

Copied from the Paulick Report....

Deep within a recent New York Times article on the sad plight of horse racing in the state of California was a beacon of hope flashed by Dr. Greg Ferraro, chairman of the California Horse Racing Board. Ferraro told author Joe Drape that he expected a request from racetracks to install historical horse racing betting machines and that the regulatory board was likely to approve it.

Approval of HHR wagering likely will hinge on whether the CHRB – with guidance from legal counsel – considers the machines to be an extension of pari-mutuel betting. That was the case when this type of gambling device was created for Oaklawn Park nearly 25 years ago and pulled the Arkansas track out of a financial crisis. Same goes for Kentucky, which faced court challenges after HHR machines were permitted at state racetracks. Kentucky legislators eventually codified HHR gaming, erasing any questions about its legality.

continue reading the story @ https://paulickreport.com/news/ray-s-pa ... is-history

Curtis · Sun Nov 17, 2024 3:21 pm

So with all the brain power in Silicon Valley—not to be confused with Silicone Valley which is closer to Beverly Hills and is really more about peaks—why hasn’t CA developed AI racing? It would drastically cut down on overhead. They need to think out of the box while there still is a box.

stark · Mon Nov 18, 2024 12:16 pm

On a somewhat related note.....Repole, love him or hate him, makes some valid points.....

https://www.horseracingnation.com/news/ ... racing_123

“Racing needs to be in California,” Repole said. “You’re not a national sport if you’re not in California.

Diver52 · Mon Nov 18, 2024 1:39 pm

I'm surprised the casino tribes haven't starting jumping up and down about how they can't survive without their monopoly on gambling other than live horse racing. They certainly knocked down a recent proposition to allow sports betting.

stark · Mon Nov 18, 2024 4:41 pm

Diver52 wrote: ↑Mon Nov 18, 2024 1:39 pm
I'm surprised the casino tribes haven't starting jumping up and down about how they can't survive without their monopoly on gambling other than live horse racing. They certainly knocked down a recent proposition to allow sports betting.

The ever popular "Fantasy Sports Wagering" figured out a workaround, racing can do the same hopefully.

https://www.bettingusa.com/states/ca/da ... uthorities.

stark · Tue Nov 19, 2024 11:53 am

On a somewhat related note.....what's happened to maiden purse money the past 10 years?

https://www.horseracingnation.com/news/ ... 4_2024_123