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Fasig-Tipton Announces Partnership With BetMakers

BetMakers Technology Group has been named the official fixed-odds partner of the 100th Fasig-Tipton Saratoga Sale, the auction house's upcoming flagship yearling sale in Saratoga Springs, N.Y.

Australia based BetMakers Technology Group provides critical solutions in technology, data and development to the global racing and wagering industry, spanning both fixed odds and pari-mutuel markets.

Partnering with racing operators all over the world, BetMakers delivers technology-led, data-informed solutions that improve the customer experience, bolster integrity, and enable growth. Their content distribution services offer compelling opportunities for racing operators to expand and better monetize distribution of their racing content and their integrity platforms help racing bodies nurture growth and sustainability of racing around the globe.

With the 2021 acquisition of Sportech Racing, a leading global supplier of pari-mutuel technology solutions, BetMakers has created the world's leading technology provider for racing services with a presence in over 40 countries and 35 U.S. States.

“BetMakers is a global leader in the racing and wagering industry, with a strong, growing presence in the United States,” said Fasig-Tipton President and Chief Executive Officer Boyd Browning. “Fasig-Tipton is pleased to partner with such an innovative, progressive company.”

“We are excited to be in the marketplace at this distinctly unique moment,” said Dallas Baker, Head of International Operations for BetMakers. “We are proud to contribute to the Fasig-Tipton Saratoga Sale and congratulate the Fasig-Tipton team on the celebration of its centennial.

“Our industry has a unique and timely opportunity — tap into the enthusiasm surrounding sports betting to introduce new and complimentary betting options for racing that operators can promote, alongside pari-mutuel betting, to produce growth and sustainability. We know from other markets that this is a viable growth strategy. According to the Racing NSW 2020 Annual Report, Australia's introduction of fixed odds betting on racing, as a compliment to pari-mutuel betting, doubled handle over 10 years with a correlated increase in purse returns as well.

“We encourage US racing and betting principals to embrace the opportunity for growth that can be realized through the expansion of products for betting on Thoroughbred racing.”

BetMakers will have representatives on-site at the 100th Fasig-Tipton Saratoga Sale, which takes place this coming Monday and Tuesday, August 9 and 10. They may also be reached directly by email at Dallas.Baker@BetMakers.com. For further information about BetMakers, please visit betmakers.com.

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New Jersey Governor Signs Fixed Odds Wagering Bill, Awaiting Regulatory Approval

Fixed odds wagering will be available at Monmouth Park in the coming weeks after New Jersey Gov. Philip Murphy on Thursday signed legislation approving the new bet, with implementation awaiting regulatory approval from the New Jersey Racing Commission and the Division of Gaming Enforcement.

Monmouth Park, working in conjunction with BetMakers Technology Group, will be the first racetrack in the country to offer fixed odds wagering, a popular bet in Europe and Australia.

“We appreciate the continued support from Gov. Murphy and the state legislature, as well as Assembly Speaker Craig Coughlin and Senate President Steve Sweeney, in advancing fixed odds wagering,” said Dennis Drazin, chairman and CEO of Darby Development LLC, the operator of Monmouth Park. “It provides our patrons with another wagering option that we firmly believe will be a popular one.”

The bill was co-sponsored by state Assemblymen Ronald S. Dancer and Ralph R. Caputo and state Senators Vin Gopal and Paul A. Sarlo.

Fixed odds wagering allows bettors to retain the odds at the time of their bet, as opposed to pari-mutuel wagering, where odds are not finalized until betting is completed.

When it is available at Monmouth Park, fixed odds will be offered on win, place and show betting at the outset, with a minimum wager of $1. There will be designated fixed odds windows throughout the grandstand and clubhouse, with televisions displaying the current fixed odds.

Monmouth Park will also show the fixed odds for each race during the track's in-house televised feed of races.

Fixed odds wagering will begin with Monmouth Park races, with the expectation that it will expand to other tracks that enter into an agreement to permit fixed odds wagering on their races.

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BetMakers To Offer $1 Million Bonus To Winner Of Haskell, Travers, And Breeders’ Cup Classic

BetMakers Technology Group, in partnership with Monmouth Park, will sponsor the $1 million “BetMakers Bonanza” bonus for the second straight year for the connections of any horse that sweeps a series of three designated races starting with Saturday's TVG.com Haskell Stakes.

To earn the seven-figure bonus this year, a horse has to win the Haskell Stakes, the Travers Stakes and the Breeders' Cup Classic.

Authentic collected the $1 million bonus a year ago in a revamped racing schedule due to COVID-19, with the eventual Horse of the Year doing so by winning the Haskell Stakes, the Kentucky Derby and the Breeders' Cup Classic. The 2020 Kentucky Derby was rescheduled to Sept. 5 from its traditional spot the first Saturday in May, creating the unique sweep opportunity for Authentic.

The Grade 1 Haskell Stakes, the centerpiece of the Monmouth Park meet, will be contested for the 54th time on Saturday. The $1 million race will offer the added inducement as a “Win and You're In Classic Division” reward for the Breeders' Cup Classic.

“We're thrilled to sponsor the BetMakers Bonanza again after the enormous effort by Authentic last year,” said Dallas Baker, BetMakers' New Jersey-based Head of International Operations. “We're fully committed to supporting the U.S. racing industry and we see the Bonanza as a fantastic initiative from Dennis Drazin (CEO and Chairman of Darby Development, LLC, operator of Monmouth Park) and the Monmouth Park team. We are fully behind this.”

The Travers Stakes, which carries a purse of $1,250,000, is scheduled for Aug. 28 at Saratoga. The $6 million Breeders' Cup Classic is Nov. 6 at Del Mar.

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Thoroughbred Idea Foundation Preparing To Launch Third Annual Summer Prop Contest

The Thoroughbred Idea Foundation will launch next week its third annual BetMakers Summer Prop Contest to benefit racing charities. At least $25,000 will be distributed overall across three, 501 (c)(3) charities – the Backside Learning Center at Churchill Downs, New Vocations Racehorse Adoption Program, and the Permanently Disabled Jockeys Fund.

Free for all to enter, the 2021 edition of the contest is sponsored by BetMakers Technology Group, the Australian-based wagering solutions provider best known in America as the contracted facilitator of fixed odds betting for New Jersey customers. BetMakers signed a 10-year deal with the New Jersey Thoroughbred Horsemen's Association and Monmouth Park operator Darby Development to manage and distribute fixed odds.

New Jersey Governor Phil Murphy is expected to sign the legislation permitting fixed odds betting on racing shortly. Fixed odds betting will be available on select American and international races.

The contest will begin with props fashioned around next week's Haskell card and the big races opening weekend at Saratoga.

Each week of the eight-week contest, participants face 12 questions and a tiebreaker which are presented in the form of prop-style bets. A participant's best four scores over the course of the contest will accumulate towards the overall standings. The top three finishers in each week of the contest will direct $2,000 across the three charities ($1,000 – first, $600 – second, $400 – third) while the contestants with the top three highest accumulated scores at the end of the contest will direct an additional $9,000 ($5,000 – first, $3,000 – second, $1,000 – third).

Last year, Matt Miller of Northbrook, Illinois won the 2nd Summer Prop Contest on a tiebreaker after a weeks-long battle with Doug Slayton. In 2019, long-time racing official and horseplayer Rick Hammerle won the inaugural contest.

TIF believes that wagering on American racing must evolve to include fixed odds wagers, presenting customers with modern wagering options to complement pari-mutuel betting.

“The recent legalization of fixed odds betting for New Jersey customers is a great first step to help present existing customers with more options and to reach new customers to racing through New Jersey's popular sports betting platforms,” said TIF Executive Director Patrick Cummings.

“The BetMakers Summer Prop Contest seeks to introduce existing racing fans to the potential of a future with more wagering options while raising awareness to incredibly important industry charities. American racing's obligations are greater than ever while the sport's business has waned. We must seek every possible measure to grow racing's proverbial pie and meet these obligations.”

Contest players can enter each week at RacingThinkTank.com or through links posted by TIF's Twitter account @RacingIdeas.

Contest Dates (Key Races)

Week 1 – July 17 (Haskell – Monmouth Park, Diana – Saratoga)
Week 2 – July 24 (Coaching Club American Oaks – Saratoga)
Week 3 – July 31 (Vanderbilt / Jim Dandy – Saratoga, Bing Crosby – Del Mar)
Week 4 – August 7 (Whitney – Saratoga)
Week 5 – August 14 (Mister D – Arlington, Fourstardave – Saratoga)
Week 6 – August 21 (Pacific Classic – Del Mar, Alabama – Saratoga)
Week 7 – August 28 (Travers – Saratoga)
Week 8 – September 4 (Jockey Club Gold Cup / Flower Bowl – Saratoga)

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