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Racing industry makes case for sports betting
During a Jan. 29 legislative hearing at which racing stakeholders strongly urged that the industry be included in a sports betting bill, lawmakers announced that a working group has been formed to develop consensus.
There are four bills related to sports betting, two in the Senate and two in the House of Delegates. Though they all call for a constitutional amendment, there are differences regarding which entities would be eligible to apply for sports betting licenses.
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At its September 9 open Board meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors voted unanimously to increase the purse allocation for finishers from 6th place through last in overnight races. The payout, which had been fixed at $300 since April 2022, will now rise to $500, effective immediately.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
