Category: Horse Racing News
Horse Racing: How Do Big UK Races Compare to US Events?
Horse racing is a sport that’s loved the world over, from the United States to the Middle East and Australia. Hop on a plane to most countries and they’re likely to have an interest in the industry. Of course, the United Kingdom is up there with the best of them because it has a colourful history dating back centuries. The States is also keen on big events, particularly the Kentucky Derby and Breeders’ Cup meetings. What happens next is inevitable – you want to know who’s better. While they don’t compare perfectly, it is possible to take a look at what both offer….
Regulation Changes: Impacting the Future of US Horse Racing and Betting
Over the last few years, increasing numbers of doping violations have sparked a widespread call for change within horse racing. In December 2020, demands to improve the sport were met by newly-introduced regulations. The enforcement of the forward-thinking changes seeks to secure the long-term future of horse racing by retaining a sense of integrity. So, what does the future of US horse betting and racing look like? Under the Spotlight of Reforms and Enhanced Betting Stability Campaigns for the sport to clean up its act are nothing new. However, the alterations made within the closing months of 2020 will undoubtedly…
New IRS Regulations for Horse Racing
The U.S. Treasury Department and the Internal Revenue Service announced Monday that they will formally adopt modernized regulations for horse racing regarding the withholding and reporting of pari-mutuel proceeds. The National Thoroughbred Racing Association has long pressed for these updated regulations that will allow horseplayers to keep more of their winnings, thereby increasing the amount wagered on U.S. pari-mutuel racing by as much as 10 percent annually, or upwards of $1 billion, according to independent estimates. The new rules were posted late Monday afternoon as a Public Inspection Document. They are scheduled to be officially published in Wednesday’s edition of…
Unwrapping the Uncertainty of the Christmas Racing Programme
The Christmas Racing Programme is the point where Britain’s steeplechase season really kicks into gear. Bumper crowds and some really high-quality racing invariably make for some great sporting occasions in their own right. But the Christmas program always involves a distinctly forward focus as well. With the great springtime events of the Cheltenham Festival and the Grand National looming on the horizon, whatever happens over the New Year and Christmas Racing Programme will be avidly read as an indication of the leading fancies’ chances in the months ahead. It seems as though the level of interest in the big events…