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By Wandering Eyes · Posted
Despite efforts dating back to May, negotiations around an annual purses and race dates agreement between the Florida Horsemen's Benevolent and Protective Association (FHBPA) and Gulfstream Park remain at an impasse. The current horsemen's agreement expires Dec. 31. This agreement is a federal requirement for a racetrack to conduct live racing and simulcast its signal nationwide. Gulfstream Park, owned by The Stronach Group (TSG), is statutorily required to conduct a minimum of 40-days live racing to operate its casino. Without a horsemen's agreement, Gulfstream Park would still be able to conduct live racing—and presumably by extension, its casino—but it wouldn't be able to export its signal out of state. Efforts Tuesday to reach representatives from both the FHBPA and Gulfstream Park were unsuccessful. The TDN, however, obtained a copy of a rough transcript from a November 19 FHBPA meeting at which the status of the horsemen's agreement negotiations was front and center. Key sticking points in these negotiations include a multi-million dollar purse account overpayment, the length of the contract and number of race-days. In the crosshairs of this purse overpayment appears to be Florida's current summer racing program, which according to this transcript the FHBPA is fighting to maintain against efforts to scale it back. At the same time, Gulfstream Park's corporate leadership has also demanded that Florida horsemen provide a financial “backstop” to support the track's operational budget, according to the transcript. This is something the FHBPA has so far reportedly rejected on the grounds that they believe the track's racing operations are already profitable, according to two sources. Gulfstream Park receives considerable financial support from the state. Earlier this year, Florida Governor Ron DeSantis signed into law a budget package that included $15 million annually for purses and facility maintenance for Gulfstream Park alone. On top of that, Gulfstream Park also gets $6 million from the state to be used as purses and purses supplements specifically for Florida-bred and sired horses. Gulfstream Park is also exempt from having to pay its $2 million annual slot machine licensing fee. These negotiations are playing out against a contentious battle between Gulfstream Park's corporate owners and the state racing industry's stakeholders. Efforts by Gulfstream Park and Tampa Bay Downs to decouple the live racing requirement to operate their respective casino and card rooms were ultimately thwarted in the state legislature. In August, Gulfstream Park filed a lawsuit suing the Florida Gaming Control Commission over the decoupling requirement. The commission subsequently asked the Florida state court to dismiss the lawsuit. A new decoupling bill was introduced Tuesday, meaning the fight will spill over into the latest legislative session in Tallahassee. The post Purse Overpayment, Financial “Backstop” Demands And Race-Days Hamstring Horsemen’s Agreement Negotiations appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article -
By Wandering Eyes · Posted
What will horse racing look like in 2036 from a horseplayer. I see TDN has had some of the major power brokers respond, most of whom didn't mention anything about the gamblers. Last I checked the racetrack ecosystem, maintenance/upkeep, improvements, purses, etc. are paid by takeout (which is a percent of handle bet, for the owners out there that I shockingly have found out a vast majority of don't know) and subsidies. I responded on my X account about the lack of horseplayer representation in this hypothetical racing question of the year 2036 and was pleasantly surprised when TDN responded asking me to send my prediction. Well, here I am to respond for good or bad. About me: Horse gambler since a young age, horse owner in the last 10 years, and I won't mention my ownership accolades (you wouldn't believe me and they are driven by people smarter than me when it comes to picking out equine talent). The gambling side, however, I will comment on. I won't sit here and tell you how much I lost as a kid (good thing my bankroll was much smaller then), but I will say I have evolved into a sharp player (both in contests and live bankroll). It took time, hard lessons, being a sponge of reading and constantly educating myself and changing how, and more importantly when, I play. I have taken down the two largest Pick 6s ever paid at the Spa in the last few years for a combined $1.3 million and 90% of my wagering takes place in California. The other 10% goes to Pick 5 and Pick 6 carryovers wherever they are. While my handle hasn't decreased, my selectivity has. I bet more on certain days and nothing on the other 24 or so days each month–and the large players I speak to are doing the same or leaving. So here is my prediction for 2036– two actually: one from the Grinch (my brain) and one from Santa (my heart, as I have met too many friends that are employed by the greatest gambling game on the planet): 1. Nothing changes for the next 10 years, all participants remain greedy (except the retail gamblers) and take the slow kill. Nobody (states/tracks) talks to anyone because the bottom line and the next quarter is all that matters. Zero forward thinking. Retail gamblers on racing go away in the U.S. as they are completely ignored and priced out from large takeouts and other things to make wagers on. The large retail bettors that probably make up 50% of the retail wagering start telling the smaller ones, “If I can't survive on rebates of being a 'high roller,' you have no shot.” These large retail players ($10M annually) move their handle to Europe/Hong Kong/Japan as the World Pool sees the weakness in the U.S. market and the opportunity to capture market share. Large retail players want a challenge –and a fair game–and they learn the nuances of international racing. The CAWs will not eat each other but rather move on to the next money making advantage game. They were well ahead of us retail players but the word got out about them (I'd say to the racetracks' demise), but if CAWs can't see last-second action (they are looking for ineffiencies in pools and churn millions with large rebates), they lose their edge and leave. Handle goes down 40% (sorry, I am just guessing because no track shows CAW handle. Maybe it is 80%. Why is it that no track breaks out retail vs CAW play? Perhaps it would scare the industry to death is why?). So handle plummets–remember what handle drives right? The industry gets weaker. Jobs are lost. Tracks close. People wish the foal crop was what it was in 2026. Government ends slot subsidies. It goes to things deemed more 'worthy' like education/seniors. HHR (Historical Horse Racing (slots based on prior races run) is no longer. There are new games like HNFL (Historical NFL slots that revenue goes to the NFL that pay out better). Parx has slot welfare, but whoops, when they signed that deal it didn't include revenue from mobile phone wagering which has grown significantly over the years. Tech changes. Prediction markets are next and they are not going to violate the Interstate Horse Racing Act of 1978 (I'm serious, the Act is from 1978). There are 20 trainers and six tracks. Finally, racing continues to ignore their core customer–the retail gambler. (Fans are great, but they don't all bet and they show up a few times a year to spend some money on tickets, food and beverage, and some mementos.) If you can't exist without subsidies you won't exist. Socialism, that is what that is, and socialism is 0 for pick a number. – The Grinch 2. It is 2036. Horses, aftercare, and racing's overall product have never been better. Ten years ago, industry stakeholders realized they were slowly ruining a great game and they all agreed to take a financial hit to better the product and ensure its survival. They formed an allegiance in 2026 as they knew if they went after each other instead of working together, the end of U.S. racing was imminent. Tracks that were owned by people or entities not interested in racing, but for casinos/condos/etc. were forced to sell to those that were, by government mandate, as it would cripple jobs and the 'agriculture industry.' Those that refused learned what Eminent Domain means. The government comes in and takes your property. They earmark it a state park that can never be built on except for racing's best interest. The tracks are not just for racing. It is space for other forms of non-gambling entertainment. The industry understood the threats to the parimutuel pool established in 1867. They brought in new customers through the World Pool. Anywhere in the world a person could bet a U.S. track –in return U.S. citizens could bet into other countries' tracks but it would all be commingled (large pool, higher liquidity). Fixed odds are everywhere and there is no max bet. If you want to be in this game to take bets, you don't get to take off risk. Learn to hedge. Tracks/ADWs worked with prediction markets in 2026 and signed deals. Retail gamblers have multiple options now. Handle thrives and with that purses, foal crops and field sizes as well. You can cross-bet every sport (including racing) with parlays. When a race is over, the results are immediate, as are the photos pending it official. Jockeys are required to give 15 second interviews of their race. Races are never run on top of each other. There are stall limits. The cost of betting a race (takeout) has decreased significantly as the game grew the prior 10 years. And all of us retail gamblers laugh about when tracks would advertise 'retail- friendly wagers' a decade ago. – Santa The post Racing in 2036: Horseplayer Mark Stanton appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article -
By Wandering Eyes · Posted
A rundown of the adjusted post-Christmas weekend of horse racing coverage on TV, streaming, and radio.View the full article -
By Wandering Eyes · Posted
The first decoupling salvo of Florida's 2026 legislative session that could lead to Gulfstream Park and Tampa Bay Downs being able to cease live racing while retaining their gaming rights was fired Tuesday morning when Rep. Adam Anderson submitted a bill that shares similarities to a controversial initiative he backed in 2025 that cleared the House and one committee in the Senate. Like the 2025 attempt, the bill that will be in play when the new legislative session begins Jan. 13 would allow either of Florida's two Thoroughbred tracks to give notice of racing suspension as of July 1, 2027, and racing would be required to continue for at least three years after that notice of intent got filed. “Nothing like right before Christmas to drop a bill,” Lonny Powell, the chief executive officer of the Florida Thoroughbred Breeders' and Owners' Association (FTBOA), told TDN Dec. 23 about 90 minutes after the bill got filed. “A little bit of Scrooge showing up in the Christmas sleigh, but the Scrooge hasn't made it crash or go off course yet.” New to the changes proposed in HB 881 is language that would amend an existing pari-mutuel licensure law regarding to the leasing of facilities so it includes the ability “to lease any and all of the facilities of any other holder of a valid pari-mutuel permit or a Thoroughbred training center holding a valid license issued by the commission, when located within a 50-mile radius of each other; and such lessee is entitled to a permit and license to conduct intertrack wagering and operate its race meet or jai alai games at the leased premises.” Decoupling has been a major concern in Florida for the better part of two decades. But it wasn't until this past January when the issue of Gulfstream seeking legislation to potentially allow it to end Thoroughbred racing became a red-alert threat on the national level. On the day that 2025 bill came up for its first hearing, Tampa management lobbied for an amendment that got that track added to the legislation. This past spring, three decoupling-related bills ended up being active, but none got passed into law to remove the live racing stipulations for Gulfstream and Tampa to operate their respective casino and card room. Additionally, Gov. Ron DeSantis told horsemen this past spring that he would be against decoupling at Gulfstream and Tampa if such legislation cleared both chambers of the legislature, although he stopped short of actually saying he would veto it. “You can count on me as one that is not going to look favorably on legislation that is going to decimate any of our signature industries,” DeSantis told horsemen during a surprise Apr. 17 visit to the OBS 2-Year-Olds In Training Sale. Yet DeSantis was the governor responsible for signing the 2021 legislation that decoupled every other form of pari-mutuel betting from gaming in Florida, which is part of the reason why Gulfstream and Tampa continue to seek the same decoupling permissions that the Standardbred, greyhound and jai alai licensees got. Powell, who in his position with the FTBOA has spearheaded efforts over the past decade and a half to keep Thoroughbred decoupling from becoming a reality, gave TDN his take on the just-introduced bill. “We've known all along the way that there was an expectation that something like [the 2025 decoupling efforts] could definitely be dropped [for the 2026] session in the House, and we were prepared for that, to double down on that. Now we know for sure what's going to be in the bill. It's got multi tentacles to it. These bills can get amended. They can get withdrawn, as we've seen. They can have anything else happen to them. But we certainly didn't rule out something like that [bill] appearing in the House. “Also, looking at the landscape, none of the key players have changed from one session to the next. It's kind of a mirror-image session. We would work hard to dissipate the same type of results before it's all said and done, and we still have to look at it a little more closely. “There are so many nuances in Florida law and regulation that I can't give out a whole evaluation on it. But in terms of the overall theme of a decoupling bill, we're ready for it. And one thing about the horse side of it is we're all jelled on it not being a good thing,” Powell said. Asked what stood out as new to him in this bill, Powell said that, “It looks like it could have some impact on what is a 'permit' and what is not a 'permit.' Also, just in general, the amount of notice that a racetrack needs to give to decouple, on initial review, seems extremely, frighteningly short, which would prevent anybody from really meaningfully getting ready for a transition. “Again, it needs more review. Just on cursory review, I'm sure it's going to have some quirks in it that just generally aren't good for the Thoroughbred industry. But nor was last year's version,” Powell said. Asked about the new language involving a racing license transfer to a training facility, Powell said he doesn't see at first reading how that could be beneficial to Thoroughbred interests. “If you think about it, whatever training center that would be, it would be a training center without any revenue for purses,” Powell said. “Because if you wanted to get gaming, you would have to go to the vote of the people, because the no-casinos law, you can't just get rid of laws of the people from a ballot initiative. I can't visualize how that plays as we now speak. “So if it was something like the Palm Meadows facility, you have all of the local constraints, including a long-term agreement that was signed that it wouldn't be a [pari-mutuel] track when it was established,” Powell said. “I don't see the easy links there, but again, I'd have to study it.” The post Florida Decoupling Bill Filed For 2026 Legislative Session appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article
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