{"id":5741,"date":"2018-05-04T16:00:35","date_gmt":"2018-05-04T16:00:35","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=5741"},"modified":"2018-05-06T21:48:27","modified_gmt":"2018-05-06T21:48:27","slug":"will-legalized-sports-betting-benefit-the-kentucky-derby","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/will-legalized-sports-betting-benefit-the-kentucky-derby\/","title":{"rendered":"Will Legalized Sports Betting Benefit The Kentucky Derby?"},"content":{"rendered":"
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Horse-racing enthusiasts are heading into one of the year\u2019s most popular weekends. The 144th running of the Kentucky Derby<\/strong> is May 4-5.<\/p>\n While horse racing might be alive and well in Kentucky<\/strong>, that is not necessarily the case across the country.<\/p>\n In 2003, wagers on horse races equaled $15.2 billion<\/strong> in the United States. By 2014, that number dropped to $10.5 billion<\/strong>.<\/p>\n Take Michigan<\/strong> for example. Last month one of the two remaining horse race tracks, Hazel Park Raceway<\/strong> ceased operations just one month before opening day.<\/p>\n A few weeks later, Northville Downs<\/strong>, the sole remaining track announced its intent to sell its track and adjacent land to a housing developer. Northville Downs will remain open through the 2020 season and intends to reopen on another site. Whether that happens or not depends on the state of the horse racing industry.<\/p>\n The Supreme Court<\/strong> is expected to announce its decision in a case that addresses the federal ban on sports betting outside of Nevada<\/strong>, Delaware<\/strong>, Oregon<\/strong>, and Montana<\/strong>.<\/p>\n Experts predict an opinion to come in favor of overturning the ban<\/strong>. Then it will most likely fall on the states to regulate sports betting within its borders.<\/p>\n Sports leagues such as the NFL<\/strong>, NBA<\/strong>, and Major League Baseball<\/strong> are preparing for the potential decision. They are busy lobbying states to include an integrity fee<\/strong> in their legislation. Even the PGA<\/strong>, has taken a stand in support of sports betting.<\/p>\n What about horse racing, though \u2013 will it benefit from the legalization and regulation of sports betting?<\/p>\n Alex Waldrop<\/strong>, the president of the National Thoroughbred Racing Association<\/strong>, says yes<\/a>.<\/p>\n \u201cWe\u2019ve seen some growth that\u2019s occurred by partnering with casino gaming across the country. Frankly, the sports bettor probably has more affinity for horse racing than a casino patron, who is possibly only interested in slot machines. Gambling on other sports is not unlike gambling on horse racing, because we\u2019re talking about athletic contests. So there\u2019s perhaps the potential for more crossover between horse racing and sports betting. We\u2019ll wait and see.\u201d<\/p><\/blockquote>\n Play At Golden Nugget Now With Free Signup Bonus<\/p>\n<\/div>\nCan sports betting reverse declining horse racing revenues?<\/span><\/h2>\n
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