Horseracing Bet

The Interstate Horseracing Act also gives horseracing important leverage in their contract negotiations with track owners. By law a horserace track cannot simulcast its live horseraces to an off track location in another state, or to an account wagering firm, without the consent of the horseracing organization representing a majority of the owners and trainers horseracing at the track. Horseracing Bet . Practically speaking that means track owners must reach agreement with the horsemen on whether and where their horseraces will be simulcast; what fees will be charged off track receiving sites for the horseraces; and, how revenue generated by simulcasting will be shared by horsemen and the horserace tracks. In Virginia, Colonial Downs and the VHBPA regularly engage in those negotiations which in turn affect bargaining on other issues like purses, race days, and back stretch conditions. Horseracing Bet . So why think now about a law that’s been around for nearly thirty years? Because there are events unfolding that could lead to detrimental changes to the Interstate Horseracing Act that horsemen should lobby against.