Les Bois Launches Historical Racing
Pari-mutuel gaming is intended to supplement racing industry.
By Andrea Caudill | June 3, 2014
Les Bois Park late last week launched 200 self-service terminals offering historical wagering at its Turf Club Bar & Grill.
Historical racing uses previously run horse races replayed on a pari-mutuel wagering terminal. Patrons are given handicapping information, but do not know the specific race or the identity of the horses, trainers, jockeys, owners or tracks.
A bill to approve historical racing in Idaho was passed and signed into law last year. The move is projected to bring in more than $30 million in economic benefits to the state, with 200 jobs created and $3 million in increased tax revenue. In addition, there is an expected $4 million in annual local payroll and $9.5 million in total redevelopment.
It is hoped that it will help the racing industry and supplement purses at Les Bois Park as well.
“We’re hoping it will be a lifeline for live racing,” said Les Bois general manager Duayne Didericksen. “We doubled the purses from a year ago, and if they go as projected in the future, we’ll probably double in another year across the board.”
Oregon and Wyoming have also approved the use of historical wagering. Kentucky and Arkansas have used this method successfully for a number of years.
Les Bois Park is operated by the Idaho-owned Treasure Valley Racing. The track offers live racing from May through August, and last year hosted approximately 110,000 people during its live meet.
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