HISTORIC RACING IN WYOMING, SETTING THE PACE
The Pari-Mutuel Commission, founded in 1967 has over five decades of experience regulating pari-mutuel wagering and now with new technology, historic racing terminals. When it comes to Historic Racing, Wyoming is setting the pace. Wyoming is one of the few states in the nation that are permitting the public to bet on historic races at Off Track Betting sites. The revenue from historic racing terminals is being used to restore the sustainability of the state’s horse racing industry as well as securing major 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.
The combined Historic Racing handle in the State of Wyoming from January 1, 2018 through December 31, 2018 was $570,598,999.60. Of the $570 million wagered, over 92% was returned to the public (roughly over $525 million).
The revenue from the terminals for Wyoming municipalities for 2018 reached over $5.7 million to distribute back to cities and counties where the Historic Racing terminals are located. Over $16.2 million dollars has been distributed to local municipalities since Historic Racing was implemented in 2013.
It also generated over $2.2 million for the Wyoming Breeder Awards fund in 2018, which will be paid out to eligible owners, breeders and stallion owners of Wyoming Bred horses that participate in Wyoming live race meets throughout the state. Over $6.5 million dollars has been allocated to the fund from Historic Racing terminals since 2013.
With the resurgence 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. “Integrity and transparency are critical,” stated Charles Moore, Executive Director of the Wyoming Pari-Mutuel Commission. “The continued growth depends upon the public confidence and trust in licensed wagering activities.” “Therefore, public confidence is maintained by strict regulations of all persons, places, practices, organizations and activities related to the operation of licensed wagering establishments.”
For more information on the Wyoming Pari-Mutuel Commission please visit the following website: parimutuel.wyo.gov.