Wyoming Revenue Jumps
Historic horse racing leads to increased funds for Wyoming.
August 9, 2018
Wyoming Pari-Mutuel Commission Press Release
In a time when horse racing across the nation is suffering, Wyoming jumps up and leads the way with new technology and revenue as a way to restore the viability of the state’s horse racing industry as well as securing some economic stability for the state. The revenue from the Historic Horse Racing terminals has helped to boost live horse racing events in Wyoming, supplement bigger incentives for horse breeders throughout the state and bring a great revenue source to the State of Wyoming and Wyoming municipalities.
Historic Racing revenue for Wyoming municipalities for the first six months of 2018 (January 1, 2018 through June 30, 2018) has reached over $2.7 million to distribute back to cities and counties where the Historic Racing terminals are located. Funds are paid pursuant to Wyo. Statutes § § 11-25-105 (a),(b)(i)-(iii).
Wyoming is one of only four states in the nation that are permitting the public to bet on historic races using self-service terminals at Off Track Betting sites throughout the Cowboy State. Historic racing is a method of pari-mutuel wagering, where patrons wager on previously-run horse races through new technology, that not only permits a patron to place a wager on the machines but also to view the official race results and display entertaining video and/or animated displays.
“A lot of hard work has gone into bringing this to fruition, and it has been a team effort from all parties. It is amazing to see the landscape of Live Flat Track Horse Racing change so drastically in Wyoming,” stated Charles Moore, Executive Director of the Wyoming Pari-Mutuel Commission.
With the resurrection of racing again in Wyoming the Commission strives to continue the protection of the wagering public and the health, safety and welfare of both human and equine participants with our regulatory processes, presence and integrity.
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