Texas OKs Historical Wagering
Texas approves pari-mutuel wagering on historical racing.
August 28, 2014
In its meeting on August 29, the Texas Racing Commission approved pari-mutuel wagering on historical racing with a 7-1 vote and one abstaining.
Historical racing uses previously run horse races replayed on a wagering terminal. Races are randomly generated through the historical racing system. Patrons are given past performance and handicapping information on the entries in the race, but do not know the specific race or the identity of the horses, trainers, jockeys or owners. After examining the past performance data, patrons can wager on the race. The wagers are pari-mutuel, as with live or simulcast racing.
This method has already been used to great success in Kentucky and Arkansas. Idaho, Oregon and Wyoming have also recently approved it.
Watch an informative video produced by Texas Horsemen about historical racing!
In its June meeting, the Texas Racing Commission considered draft rules for implementing the historical racing and voted to delay the vote to allow for public comment.
“Texas horsemen appreciate all the hard work the Racing Commission did in vetting out this process and finally adopting it,” said TQHA Race Director Rob Werstler.
Look for a story on historical racing in the October Q-Racing Journal.
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