Federal tax authorities have issued a notice saying that they intend to consider changes to the tax laws that are applied to parimutuel winnings, a step that could lead to a steep drop in the tax liabilities for horseplayers.
West Point Thoroughbreds, the racing partnership company, has signed a deal giving it presenting sponsorship rights to the Breeders’ Cup Betting Challenge, and the company will award financial interests in a West Point Thoroughbreds horse to the top two finishers in the handicapping contest, the Breeders’ Cup and West Point Thoroughbreds announced Friday.
Six semifinalists have been named for the ninth annual Dr. Tony Ryan Book Award, honoring full-length work written with a horse racing focus or backdrop.
A Kentucky committee approved a bill on Thursday night that would exempt from state taxes all bets made during the two-day Breeders’ Cup event at Keeneland on Oct. 30-31.
Churchill Downs had net income of $46.2 million in 2014, according to financial documents released late on Wednesday, a drop of 16 percent compared with net income of $54.9 million in 2013 despite posting record revenues during the year.
Longtime Woodbine trainer Barbara Pirie has passed away from cancer at age 55.
A cooperative of racetracks and the company controlling the simulcast signals to Santa Anita and Gulfstream Park have agreed to the main pricing aspects of a new simulcast contract, but approval of the pact is being held up by a related issue affecting one of the cooperative’s members, Rosecroft Raceway, according to officials for both sides.
KentuckyOne Health, a Kentucky health care provider, has reached an agreement to become the title sponsor of the Breeders’ Cup Festival, a live-entertainment program scheduled for the week leading up to this year’s Breeders’ Cup event Oct. 30-31 at Keeneland Racecourse in Lexington, Ky., according to Breeders’ Cup.
On Friday morning, the full Kentucky Senate voted 22-9 to pass a bill that would allow the state lottery to send bets into commingled pari-mutuel pools, according to supporters of the legislation.
When reviewing any wager, I always think I could have done better. If I make a score, the first question I ask is, “Could I have made more money?” It’s not greed – it’s just me wanting to maximize opportunities (and, okay, perhaps a little bit of greed). There are times I make a bad bet, review it, and say to myself: “What was I thinking?”
