Updated on 09/10/2012 1:23PM

Del Mar wagering figures lower than originally reported

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DEL MAR, Calif. – If those significant increases in advance deposit wagering for Del Mar’s meeting looked too good to be true, turns out they were.

Del Mar announced late Friday that bets run through advance deposit wagering provider TVG had mistakenly credited an additional $9,681,116 in handle to Del Mar from Aug. 21 through Sept. 3, an error that was discovered during a post-meeting audit.

As a result, Del Mar’s average daily handle will now be reported as $12,392,429 for its 37-day meeting, adjusted downward from the $12,651,175 in daily average handle that was reported upon the meet’s closing on Wednesday. That is still a 6.6 percent increase in overall handle from a year ago.

According to Del Mar, the error occurred because of a malfunction in reports submitted by TVG to CHRIMS, which is the official data base and reporting agency for California racing.

A letter from John Hindman, the general counsel of TVG, to Mark Thurman, the president and chief executive officer of CHRIMS, said that the improper reporting “had no impact on customer wagering or funds and was limited to the reports used by ADWs and racing associations for accounting and fee settlement purposes.”

This downward projection could impact Del Mar’s retroactive purse distribution, which, while still significant, could now be lower than what was believed on Wednesday. However, Del Mar uses a conservative estimate of its final numbers for purposes of the retroactive purse increase, so there is the very real possibility the initial retroactive number announced late in the meet for 2012 will remain the same, but the money carried forward to the 2013 meet could be slightly lower.

All of that will be determined by an upcoming meeting between Del Mar and the Thoroughbred Owners of California.

Gerard Doise More than 1 year ago
TVG is a bunch of bumbling idiots. They have a staff of people who are support who almost never get the changes correct, so it makes the on air crew look terrible. I feel they must be loosing clients since they are always doing give aways to new clients. I closed my account last year. I was told 3 times that management would contact me, they never did. I never had an issue where I was not paid on my winning wagers. I just got tired of no comps. They charge for ervything. TVG should be investigated and I have heard hey are constantly being audited by the IRS for inaccurately reporting W-G2's.
Roger More than 1 year ago
Hey Privman - How's SB 1072 faring for CA Racing since Santa Anita January -2011? Despite all the media bells/whistles about Del Mar's magical Meet,etc. with 41% of their race days as Carryovers and DMR being DOWN $16.1 million in handle in 2011....DMR winding UP only 6.5% isn't very impressive.The all source mutuel handle numbers from Del Mar 2010 - pre SB 1072 vs 2012 were nearly even despite less Carryover days in 2010,3 less races in 2010 and no P-5 wager in 2010 vs 2012 P-5 handle in excess of $16 million. Saratoga,Aqueduct,Belmont,Keeneland and Gulfstream Park.....all UP double-digits in 2012 after decent/good 2011 meets. CA Racing exceedingly high Exotic takeout rates may be joyous for the TOC but the mutuel handle from Santa Anita,HPark and Del Mar the last 2 years vs the 5 tracks mentioned above is troublesome for CA track operators.There are no more excuses left for So Cal thoroughbred racing.....the fact is....customers in-state/out of state are rejecting/avoiding the CA exotic wagers except for the low rate popular P-5,P-4 and of course, the So Cal P-6.
Jack Twee More than 1 year ago
Have not bet california racing since that huge takeout increase.
Albert More than 1 year ago
Oh NY racing is great with all these bogus dq's and fat man Dutrow still training. If you love east coast garbage continue to support it an NY will love you for it
Dominic Curran More than 1 year ago
Skimming shouldn't be this obvioous
Anonymous More than 1 year ago
TVG claimed a "system malfuntion" to me a few months ago and refused to pay a documented winning trifecta ticket. They only want to collect deposits, they have no intent to fairly pay out winning tickets.
Christine Race More than 1 year ago
they HAVE to pay you...I am hoping you did not "just let it go". We are very little FISH in the pool...unless you are betting tens of thousands per race...and I dont think you would be posting here if you did...they HAVE to legally honor your wager if you placed it -I would double check your ticket and call again. Let me know how it ends