MD Sports Betting Bill Includes Racetracks, Purse Accounts

Legislation authorizing a study of sports betting, licenses for which would be available to racetrack and casino operators, had its first hearing March 1 before the House Ways and Means Committee.

The bill, sponsored by Republican Delegates Jason Buckel and Kevin Hornberger, was introduced Feb. 8. It would create a task force to study sports betting but also says implementation would hinge upon approval via a statewide constitutional amendment and changes in law on the federal level.

Sports betting in the United States is legal in Delaware, Montana, Nevada and Oregon, and to varying degrees. Any expansion of gambling in Maryland requires a constitutional vote.

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March 2017 Newsletter Available

newsletter2017 3The March 2017 edition of the Horsemen's Newsletter is now online and available for download. To view this edition click herearrow

The Horsemen's Newsletter is published monthly by the Maryland Thoroughbred Horsemen's Association and is mailed to licensed owners and trainers in the state of Maryland.

 

Home Cooking: Maryland Connections Have Successful Year for Purses Earned

Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.

A recent in-depth study shows that for total 2016 purse earnings of $50,085,471, 78.2% was paid to horses with Maryland connections. And the percentage was even higher when it came to money earned by Maryland connections in thousands of overnight races.

Of the $40,293,471 in purse earnings in overnight races at Laurel Park, Pimlico Race Course and the Maryland State Fair at Timonium, 86.4% went to horses with Maryland connections—owners, trainers and breeders either separately or in combination. 

Stakes earnings in Maryland in 2016 totaled $9,792,000 ($6,251,200 of which was derived from the Thoroughbred Purse Account). Horses with a Maryland connection collected 44% of the total ($4,312,57) or 52% if you exclude the Preakness. The purse of the middle jewel of the Triple Crown is split 50/50 between the Maryland Jockey Club and Thoroughbred Purse Account.

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Hogan Weighs In on Results of Pimlico Revitalization Study

Maryland Gov. Larry Hogan indicated it could be years before a decision is made on an expensive reconstruction of Pimlico Race Course, home of the Preakness Stakes.

Hogan, who spoke with WBAL radio talk-show host Derek Hunter Feb. 28 about issues such as jobs, ethics reform, and economic development, said the recently released first phase of a Maryland Stadium Authority-ordered study was just a starting point. The study estimates capital improvements at Pimlico would cost roughly $300 million.

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Home Cooking: Maryland Connections Have Successful Year for Purses Earned

Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.

A recent in-depth study shows that for total 2016 purse earnings of $50,085,471, 78.2% was paid to horses with Maryland connections. And the percentage was even higher when it came to money earned by Maryland connections in thousands of overnight races.

Of the $40,293,471 in purse earnings in overnight races at Laurel Park, Pimlico Race Course and the Maryland State Fair at Timonium, 86.4% went to horses with Maryland connections—owners, trainers and breeders either separately or in combination. 

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Pimlico Viability Study: The Assessment Has Just Begun

The first phase of a Maryland Stadium Authority study into the viability of Pimlico Race Course continuing as host of the Preakness Stakes and other racing and non-racing events revealed there’s far more work to be done before a decision is made.

And the future of the historic facility apparently lies with “leadership” developing a consensus on how to proceed. The study, however, suggested there is hope that a revitalized Pimlico could be profitable.

The MSA, which is responsible for the Baltimore Orioles’ Camden Yards stadium among other projects, released the report Feb. 24, more than a week before its next board meeting.

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