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Illinois horserace Betting good For Betfair
10/15/09 - The giant British online gambling group Betfair stands to gain substantially - both in revenues and investor confidence - from the decision by the state of Illinois to permit online betting on its horseraces.
Earlier this year Betfair acquired the major U.S. horserace betting company TVG.com, which is one of the licensees approved by the Illinois Racing Board and should benefit from the new policy.
Commenting on developments in Illinois, Gerard Cunningham, president of Betfair US, said: "Just in time for the Hawthorne races and Zenyatta to race in the Breeder's Cup, Illinois' racing fans can experience the thrill of betting online at TVG.com.
"No other online wagering site offers the number of tracks, secures your money, or engages with its community like TVG.com."
Illinois, which is home to a significant horse breeding industry, three Thoroughbred and two Standardbred tracks, joins a growing number of U.S. states that have approved online wagering on horseracing including California, New York, Kentucky, and Maryland, taking advantage of legislative carve-outs.
"We believe that legal, regulated online betting will help reinvigorate the horseracing industry in Illinois," said Cunningham. "The convenience of being able to wager online, or away from home with your cell phone, will help attract a new audience and generation to racing."
Americans have already wagered close to $6.5 billion on horseracing this year alone, with about 10 percent of bets placed online. There are more than 55 000 races around the U.S. every year, and TVG broadcasts 27 000 races each year on its television network.
In 2008, TVG.com accepted more than $500 million in wagers from customers across the U.S. The TVG television network, which is broadcast into more than 33 million homes across the U.S., is already available in Illinois through distributors including Comcast, DirecTV, Dish Network and Media One.
Earlier this year, TVG and TVG.com were acquired by Betfair Ltd.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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