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For it was on May 14 that the Supreme Court sided with New Jersey and Monmouth Park and struck down the Professional and Amateur Sports Protection Act (PASPA), paving the way for states to enact laws allowing sports betting. With that ruling, horse racing had a new form of legal competition for wagering dollars, yet it also had a vehicle that could provide struggling racetracks with a new source of alternative revenue with the potential to become the difference between financial bliss and ruin. Monmouth Park and Delaware Park were the first racetracks to benefit from the Supreme Court decision as they quickly opened areas of their facility to handle sporting betting. Racetrack officials at Monmouth Park say as much as $10 billion could be wagered annually on sports through the state’s racetracks and casinos during the first full year of booking bets. Other states are also working on legislation to introduce sports betting, and how those laws are crafted on a state-by-state basis will ultimately decide how, or if, racetracks will benefit from gamblers being able to wager on football, baseball, basketball and virtually any other sport. It is against that backdrop of a changing wagering landscape that BloodHorse and the Breeders’ Cup will present a symposium on “Sports Wagering and the Impact on Horse Racing” on Thursday, Sept. 6 at the Keeneland Sales Pavilion in Lexington, Ky., from 3-6 p.m. Eastern. “Earlier in the year when the Supreme Court decision came down, if you were at a conference, that was what everyone was talking about and we thought now is the time to get our industry talking and collaborating on ideas about how to embrace sports wagering,” said Bryan Pettigrew, Chief Marketing Officer for Breeders’ Cup Limited. “Too many times in this sport we move slowly and miss out on ideas and we thought it would be best to work together on this as soon as possible, so (BloodHorse Editorial Director) John Keitt and (Breeders’ Cup President and CEO) Craig Fravel got together.

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