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From the TIF: Fixed-Odds in NY Could be Next

Fixed-odds betting options on horse racing could come to New York residents if a new bill introduced by Senator Joseph Addabbo, Chairman of the state Senate's Racing, gaming and Wagering Committee, is passed, according to a story from the Thoroughbred Idea Foundation.

Senate Bill 2343 is similar to a measure introduced a year ago, also by Sen. Addabbo, but which was never advanced for a vote, TIF reports.

“There should be no doubt amongst racing stakeholders that our existing pari-mutuel offerings are not enough in today's competitive market,” said Thoroughbred Idea Foundation executive director Patrick Cummings.

“Fixed odds bets for racing won't replace pari-mutuel wagering, but rather complement our existing offerings, and meet modern customers with a modern product that they currently enjoy with widespread sports betting options.

“After adjusting for inflation, we estimate that mainstream handle on U.S. racing has declined by roughly two-thirds over the last 20 years. The pari-mutuel status quo with high takeout rates and the constant promotion of low-churn exotic bets have depleted our mass market customers. Fixed odds betting offers racing a chance to recapture those that drifted from the sport while introducing our product to new audiences.”

In a statement from the New York Racing Association published earlier this week by DRF, spokesman Patrick McKenna indicated the measure had NYRA's support and “presents an enormous opportunity for horse racing to share in the rapid growth and unrivaled success of New York State's mobile sports wagering marketplace.”

“Allowing mobile sports wagering platforms to offer premium horse racing content would generate untapped gaming revenue for New York State, attract new fans to horse racing, and deepen the sport's overall economic impact.”

TIF supported the expansion into complementary fixed odds options in its 2019 white paper, which can be reviewed here.

Last year was the first full season with fixed odds offerings for on-track customers at Monmouth Park in New Jersey, where the offering is managed by Australian firm BetMakers. Wider distribution to New Jersey customers, including ADW betting via fixed odds on Monmouth races and simulcasted races, is expected in 2023, the TIF reported.

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Monmouth to Offer Stakes Worth $7.7M in 2023

Headed by the $1-million GI Haskell S., Monmouth Park is set to offer $7,735,000 in stakes races when the track kicks off its 78th season Saturday, May 13. This season, which runs through Sept. 10, will feature 48 total stakes, including 10 graded events, and nine stakes restricted to New Jersey-bred horses.

A pair of stakes will see purse boosts in 2023, the GIII Molly Pitcher S., which increases from $400,000 to $500,000 and the GIII WinStar Matchmaker S., moving from $200,000 to $300,000. Both races are part of July 22 the Haskell Day card, which also features the $600,000 GI United Nations S.; $400,000 GIII Monmouth Cup; and $100,000 Wolf Hill S.

In preparation for the Haskell program, Monmouth will offer a “Haskell Preview Day” with four stakes events Saturday, June 17–Pegasus, GIII Monmouth S., GIII Salvator Mile and GIII Eatontown S., each carrying a purse of $150,000.

The 21st annual New Jersey Thoroughbred Festival, with three stakes events, will be renewed Aug. 27, with the $125,000 Charles Hesse III H. headlining that card. Click here for the complete stakes schedule.

Stall applications, which are due by Mar. 15, are now available online at www.monmouthpark.com or in hard copy format in the Monmouth Park racing office.

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Munnys Gold Dominates in Return

8th-Gulfstream, $54,000, (S), Alw, 1-25, (NW1X), 3yo, f, 6f, 1:10.78, ft, 6 1/4 lengths.
MUNNYS GOLD (f, 3, Munnings–Haraawa, by Medaglia d'Oro), not seen since romping to a 14 1/2-length 'TDN Rising Star'-worthy debut at Monmouth Park last June, strode home the easiest of winners in her return to the races at Gulfstream Park Wednesday. Away a half-step slowly, the 1-9 favorite rushed up to press the pace down the backstretch and grabbed command as the quarter went up in :22.00. Three lengths in front through a half in :45.36, she sailed clear down the lane under a motionless Irad Ortiz to win by 6 1/4 lengths. Jolly Miss Jill (Handsome Mike) was second. A $92,000 FTKNOV weanling, Munnys Gold sold for $300,000 at the 2021 Fasig-Tipton July sale. Haraawa produced a filly by Frosted last year and was bred back to Game Winner. Click for the Equibase.com chart or VIDEO, sponsored by TVG. Lifetime Record: 2-2-0-0, $66,900.
O-Robert & Lawana Low; B-Nicksar Farms (FL); T-Todd A. Pletcher.

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APB: ‘Rising Star’ Munnys Gold Nearing Return at Gulfstream

In this continuing series, TDN's Senior Racing Editor Steve Sherack tracks down top horses on the sidelines.

'TDN Rising Star' Munnys Gold (f, 2, Munnings–Haraawa, by Medaglia d'Oro), missing in action since airing by 14 1/2 lengths with a gaudy 101 Beyer Speed Figure on debut at Monmouth Park June 17, is targeting the upcoming $100,000 Glitter Woman S. at Gulfstream Park.

“She's been back in full training with Todd [Pletcher] now for about three months,” said Jacob West, advisor to owners Robert and Lawana Low.

“She's being pointed towards the Glitter Woman. It was supposed to be on New Year's Day, but the race didn't fill. They backed it up a week, and, hopefully, some more horses show up and we can get lucky there.”

Munnys Gold, a $92,000 FTKNOV weanling turned $300,000 FTKJUL yearling, has posted nine workouts at Pletcher's Palm Beach Downs base since late October, most recently covering four furlongs in :50.33 (32/56) Dec. 24. Her worktab also includes a four-furlong bullet in :48.79 (1/25) Nov. 26.

“She's a tough filly to train in the mornings,” West said. “She's very aggressive in her training. Todd and his staff have done an incredible job with her. They seem like they've got her in a really good groove now.”

As for what kept Munnys Gold on the sidelines, West added, “She just had a little bruised foot. And it was one of those things–it was just stinging and stinging and stinging. It took her a while to get over. Mr. and Mrs. Low are incredible owners and incredibly patient. We just were extra cautious with her because we know she has talent and ability. We took our time and brought her back slowly. It seems to be all systems go right now.”

Munnys Gold earned the highest Beyer Speed Figure for a 2-year-old filly in her lone start in 2022. The distant runner-up finisher that day Alma Rosa (Sharp Azteca) has since added a win in Delaware's White Clay Creek S. and a runner-up finish in Monmouth's Sorority S.

The second winner from as many to make the races for her unraced dam, Munnys Gold hails from the extended female family of champion 2-year-old colt Anees. The Munnings over Medaglia d'Oro cross is also responsible for GIII Longacres Mile H. winner Barkley. Munnys Gold, bred in Florida by Nicksar Farms, is one of 10 'Rising Stars' for her leading sire.

“She overimpressed us and we're hopeful that she can continue on and live up to the hype from the first race,” West concluded.

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