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Most Recent Online Casino News

Web Wagering Wrangle

Last month’s Kentucky Derby was a boom for companies that allow bettors to wager in front of their television sets and computer screens.

Horse racing network TVG, which takes bets over the phone and through the Internet, processed a record $6.4 million in bets on Derby Day. Youbet.com handled $4.2 million, also a single-day record.

The Internet’s reach into virtually every corner of modern life has helped make account wagering the fastest-growing segment of thoroughbred racing.

But the future of online casinos pari-mutuel wagering is far from a sure bet.

In April, the World Trade Organization ruled that the United States does not treat foreign and domestic Internet gambling businesses equally — violating international trade rules it agreed to upon joining the WTO in 1995.

Meanwhile, a bill being drafted on Capitol Hill is aimed at illegal online gambling but doesn’t create an exemption for horse racing.

"The WTO decision really put a lot of this in the forefront," said Greg Avioli, executive vice president of the National Thoroughbred Racing Association.

Read the entire article at: courier-journal.com 

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