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TVG, MSG Networks Reach Multi-Year Agreement

TVG, a FanDuel company, America's horse racing television network, and the leading advanced-deposit wagering platform, has reached multi-year agreement to provide extensive horse racing programming annually to MSG Networks, it was announced Tuesday. TVG's signature “Trackside Live” program will air five days a week on MSG Network and/or MSG+ beginning Wednesday, July 14 from 12-7pm, and will be featured every week from Wednesday through Sunday.

“We're excited to be partnering with the MSG Networks to bring premier live racing coverage to its family of networks and its millions of viewers in the New York area,” said Amy Howe, Interim CEO and President, FanDuel Group. “This new agreement is part of FanDuel Group's continuing commitment to invest in our core horse racing television programming and to expand the audience for our race track and horsemen partners.”

“It's great to partner with TVG and FanDuel to bring so many great, live horseraces to fans on MSG Networks,” said Jeff Filippi, Senior Vice President, programming & production, executive producer, MSG Networks. “Fans will see a great variety of races from more than 150 tracks around the world.”

MSG Networks is the home of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils, Buffalo Sabres, New York Red Bulls and others, reaching millions of fans in New York, New Jersey, Connecticut and Pennsylvania.

MSG Networks will also air FanDuel's sports betting show “More Ways to Win,” hosted by anchor Lisa Kerney, on weekends during the NFL season.

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Eight Winners From Over 30,000 Players Earn $31,250 In TVG’s Free Super 8 Jackpot

Eight savvy horse players from six different states selected six winners each Saturday in TVG's free-to-play Super 8 promotion, sharing equally the $250,000 carryover prize ($31,250 apiece).

More than 30,000 people took their free shot at $250,000 up for grabs on the sequence of races 4-11 on Saturday's Santa Anita card. This is the first-time TVG has offered a carryover and mandatory payout for the popular promotions.

“We've been running free to play games for a number of years and the mandatory $250,000 Super 8 is by far our biggest entry and our largest payout,” said said Andrew Moore, Vice President of Racing Commercial, FanDuel Group. “We are always working to find new ways to give back to existing horse players and to also introduce new players to the joy of watching and playing the races.”

The Super 8 will be next be offered during the Summer.

To view results from Santa Anita's card on Saturday, click here.

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TVG, Keeneland Extend Broadcast Partnership Through 2026

TVG, America's horse racing network, leading advanced-deposit wagering platform, and part of the FanDuel Group, and Keeneland, the iconic Thoroughbred racing and sales company in Lexington, Ky., have reached an agreement that extends their longstanding partnership through at least 2026, the two companies announced.

As part of the agreement, TVG will retain exclusive broadcast rights for Keeneland's race meets as well as non-exclusive wagering rights for Keeneland's races. As part of the extension, TVG will be the exclusive broadcast network for Keeneland racing but, consistent with past practice, the network will share broadcast rights for select special events with NBC Sports. In addition, FanDuel group will promote Keeneland's racing to its more than 10 million Daily Fantasy Sports (DFS) and sports book customers as the company further integrates promotion of horse racing with its sports book and daily fantasy platforms.

“Keeneland and its stakeholders in the Central Kentucky Thoroughbred breeding industry have been cornerstones of TVG's history and growth,” said Kip Levin, CEO of TVG. “We're looking forward to building on our 20-plus year relationship with Keeneland. Our company is committed to horse racing and we're reinvesting in the sport every day. In tandem, as our sports betting platform continues to expand, we are particularly excited to utilize the powerful assets of the FanDuel Group to introduce a new audience to Keeneland racing.”

“Keeneland's relationship with TVG continues our mission to expand racing's outreach by delivering quality products to our existing fans and cultivating new fans and participants across all platforms,” said Shannon Arvin, CEO and President of Keeneland. “TVG and FanDuel represent not only a significant share of the advanced-deposit wagering and sports betting markets, the latter being a natural audience for our racing content, but they share our goal to promote the Thoroughbred industry.”

Keeneland and TVG have partnered since 1999 for wagering and broadcast content. The alliance expanded over the last decade to showcase Keeneland's Thoroughbred sales and to provide additional focus on the breeding and sales aspects of the Thoroughbred industry.

In 2019, TVG racing analysts Gabby Gaudet and Scott Hazelton began hosting “Today at Keeneland,” the track's live, on-site preview show, and providing expert commentary between races. Last year, TVG became the title sponsor of the Limestone Turf Sprint during the Keeneland Spring Meet and the presenting sponsor of the Woodford (G2) during the Keeneland Fall Meet.

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New Agreements With ADW Companies To Increase California Purses; TwinSpires Lone Holdout

The Thoroughbred Owners of California (“TOC”), Del Mar Thoroughbred Club, The Stronach Group's 1/ST Racing and FanDuel Group's TVG have announced a new purse enhancement program that will inject up to $15 million into California Thoroughbred purses in 2021 and 2022.

The parties to the agreement, all major stakeholders in California Thoroughbred racing, believed that working together on additional sponsorship and purse enhancements would help support the state's racing industry in light of the loss of purse revenue due to the cessation of live racing in California in 2020 and the restrictions on on-site attendance due to public health requirements. The parties also share a commitment to support and promote the significant equine health and safety advancements made by California racing interests over the last two years.

“California racing has always been very important to TVG, and we are committed to continuing our support of the racing industry here, especially given the challenging circumstances the industry faced in 2020,” said TVG CEO Kip Levin. “We feel the right strategy is to partner with the stakeholders to further strengthen what has always been a premier racing circuit in the United States.”

In anticipation of the program, Santa Anita Park recently announced a 10% across the board purse increase for its 2020-2021 Winter/Spring Meet. With a daily purse average of $533,000, Santa Anita Park's purses are now competitive with the top circuits in the U.S. despite not receiving any casino gaming revenues or government subsidies.

“This is a great development for California horse racing,” said Craig Fravel, The Stronach Group's CEO of Racing. “Along with our horsemen and regulators, we instituted historic safety reforms starting in 2019. We believe these reforms and the enhanced purses previously announced have created a great racing environment that has already attracted top stakes horses, trainers and riders from all over the country to our current Santa Anita Winter/Spring meet.”

With the support of these purse enhancements, the Del Mar Thoroughbred Club is projected to increase average daily purse levels at its summer meeting to more than $600,000 in 2021, Del Mar officials indicated. Josh Rubinstein, Del Mar's president, stated, “Coming off our extraordinarily successful summer and fall meets in 2020, these increased purses, coupled with the growing excitement for the 2021 Breeders' Cup World Championships, sets us up for a fantastic 2021.”

The purse enhancements come as a result of new hub agreements involving TOC and the advance deposit wagering companies TVG and 1/ST Bet, also known as Xpressbet. With the coronavirus pandemic eliminating virtually all on-track wagering, the ADW companies enjoyed a financial windfall for most of 2020 and into 2021, as betting shifted online. In recognition of that, TVG and 1/ST Bet agreed to accept a lower fee – 4.1% instead of 5% – on all wagers from California residents through their platforms. Other, smaller wagering platforms have also agreed to the new terms, according to TOC.

Churchill Downs Inc.'s ADW company, TwinSpires, did not agree to the fee reduction and the matter will go to arbitration in accordance with California Business and Professions Code 19604.

“This unprecedented level of partnership among California's horsemen and women, FanDuel/TVG, The Stronach Group and Del Mar is just the beginning,” said TOC President Greg Avioli. “With sports wagering on the horizon and its potential to both add millions more to purse accounts and to create new horse players, combined with the successful safety and welfare measures instituted over the last two years by our race tracks, we are well on the way to returning California to its historic place as the country's premier racing circuit.”

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