Pletcher, Casse, American Pharoah Highlight Hall Of Fame Induction Ceremony

The combined ceremony for the 2020 and 2021 Hall of Fame induction classes was, as usual, filled with laughter and tears for the honorees, highlighted by trainers Todd Pletcher and Mark Casse. The ceremony took place Aug. 6 at the Fasig-Tipton sales pavilion in Saratoga Springs, N.Y.

Pletcher, who was introduced with a fond series of recollections by longtime owner Mike Repole, received a standing ovation when accepting his plaque. Pletcher, who shows no signs of slowing down, already has seven Eclipse Awards to his credit alongside five Triple Crown wins, 11 Breeders' Cup victories, and 60 individual meet titles, including 14 at Saratoga.

Pletcher is widely cited as one of the jewels in the prominent training tree of fellow Hall of Famer D. Wayne Lukas, whose tutelage he acknowledged during his acceptance speech. Pletcher said he is often asked what the most important lesson was that he took from his time with Lukas.

“The answer is there's not one thing, it's everything,” said Pletcher. “Every horse matters. Every owner matters.”

Pletcher set his sights on training from a young age, encouraged by his father, who is a former trainer and owns a Florida training center, and his mother, who helped him take out his first loan when he wanted to open his own barn. He put out his shingle in 1995.

Mark Casse also became a Hall of Famer on Friday morning – an incredible evolution for the man who remembered visiting the hall with his father in 1972 at the age of 11.

“At the end of the visit, I confidently told my dad, 'I'll be in here some day,'” an emotional Casse remembered. “As any good father would do, he told me, 'Yes, Mark, you will.' Well, we did it.”

Casse has won 13 Sovereign Awards, two American Triple Crown races, eight Canadian Triple Crown races, five Breeders' Cup races, and was inducted into the Canadian Horse Racing Hall of Fame in 2016.

Casse and Pletcher both acknowledged the tremendous support from owners, family, and staff that helped them reach this moment in their careers. Although Casse was shepherded into the racing world by his father Norman, who built Cardinal Hill Stable in Ocala, Fla., and was chair of the Ocala Breeders' Sales Company, Mark Casse recalled that he owes his mother just as great a debt for his career. When his parents divorced, Casse was asked to choose which parent he would live with. His mother would be leaving the farm, and his father would continue to be hands on with the horses. Overwhelmed with emotion, Casse asked his wife Tina to read the part of his speech that acknowledged her contribution to his career.

“I asked my mom a simple question that would change the course of my life,” Casse had written. “'Mom, do you truly love me?' 'With all my heart,' she said. I said, 'Mom, if you truly love me, you'll let me stay with Dad.' I know that had to have killed her, but she granted me a true sign of love by letting me stay on the farm. Who knows where my life would be today if it wasn't for her sacrifice.”

The induction ceremony also marked the entry of 2015 Triple Crown winner American Pharoah into the Hall of Fame. Embattled owner/breeder Ahmed Zayat accepted the plaque on behalf of the horse. Zayat recalled his favorite moments from the horse's career, including the enormous fan following generated by “America's horse.”

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“I've never seen 20,000 people come in the morning to see a horse gallop,” said Zayat, recalling the horse's workout at Saratoga ahead of his loss in the Grade 1 Travers. “I don't think we'll ever see that again. American Pharoah loved the crowd. He loved the people.”

Wise Dan also took his place in the Hall, marking the crowning achievement in a career that included two Horse of the Year awards, four other Eclipses, earnings of $7.5 million, track records at three tracks, and 19 graded stakes wins.

Trainer Charlie LoPresti was on hand to accept the plaque for Wise Dan.

“My only regret is that Mr. [Morton] Fink is not here to accept this award because he was so proud of that horse,” said LoPresti. “He used to tell me all the time, 'Charlie, the only thing that keeps me alive is that horse.' …I think it put years on his life.”

Additional honorees Aug. 6 included steeplechase trainer Jack Fisher, historic review jockey Darrel McHargue, Pillars of the Turf J. Keene Daingerfield, Jr., George D. Widener, Jr., and Alice Headley Chandler, and historic review horse Tom Bowling.

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Racing And Gaming Conference Of Saratoga Returns With A More Mainstream Approach

In recent racing seasons, the Albany Law School's Racing and Gaming Conference was a hub for lawyers and racing industry executives to gather and discuss legal issues facing the racing and wagering industries. After the 2019 edition of the conference, it seemed the event may have run its course, as the college decided it would no longer host the event, which is traditionally held in Saratoga between the Fasig-Tipton Saratoga Sale and the Jockey Club Round Table.

Attorney Patrick Brown, co-founder of Brown & Weinraub, couldn't let it go.

“I was very disappointed because I worked on it for many years,” Brown said. “I decided, well I know the conference, so why don't I step up and try to do it myself?”

Brown was on the event's advisory board for the law school, and had been a panelist, sponsor, and speaker at various times during the life of the event. The conference had been offered for continuing education credits for equine attorneys, but Brown had bigger ideas of what it could be.

Unfortunately, the COVID-19 pandemic struck and one of Brown's first actions as the new organizer of the event was to cancel its 2020 edition. He delayed planning the 2021 conference until it became clear that the Saratoga race meet would go on with fans in attendance. Then, he got to work.

As the product of a law school, the conference has previously been focused on academic legal subjects. Brown wanted to open it up a bit, so racing fans and industry professionals could find an engaging topic presented in a way that made sense to them. While lawyers still make up a portion of the speakers and panelists at this year's event, Brown has balanced them with non-attorneys whose perspective he finds key to the issues at hand.

“I wanted to move the focus of the conference from academic/lawyer to some academics, lots of industry folks, and if we can attract some fans, just regular people who are really interested in horse racing and the gambling industry, I wanted to try to make the panels attractive to fans as well – and potential participants in horse racing,” Brown said. “I think we lawyers can get into the weeds quickly. It's interesting, and the panels I participated in were very good for lawyers but I wanted to make it less of that and more accessible to non-lawyers.”

This year's topics include an examination of the Horseracing Integrity and Safety Act (HISA) and its challenges, information on decoupling, ownership models, sports betting in New York, mobile sports betting, esports wagering, and tribal gaming.

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Brown has also moved the event from a hotel downtown to the 1863 Club at the track and will be partnering with the New York Racing Association for the first time. It always made sense to have the event during the race meet, but Brown wanted to connect it more directly with the experience of the track, which is the primary draw for most attendees.

In some ways, Brown said he has had a career's worth of preparation to structure an event like this one (although he admits he has had considerable organizational help from Spectrum Gaming Group). Brown worked in Gov. Mario Cuomo's Counsel's Office in the late 1980s, where he advised Cuomo on matters pertaining to racing, lottery, and tribal gaming law. After Cuomo left office, Brown worked for a firm with a number of racing industry clients before launching his own firm in 2001.

He is also a Thoroughbred owner.

Brown said there are two panels he's most excited about — one he will moderate on mobile sports wagering, and another titled 'Economics of Bookmaking,' which will feature a top Vegas attorney and a professional bookmaker.

“The point of that panel is to highlight that one of the fundamental challenges of the new sports wagering is to get people to change their behavior,” said Brown. “People who bet on sports in this country have been doing it the same way for a long time and when you bet with a bookie, you don't have to put the money up, you can bet on credit. There's advantages to doing it that way, and the authorized sports books have to now get people to change that behavior.

“I really like the array of policy choices you have to make when you're trying to create a rational horse racing and gambling policy in a state. It's really fascinating to me.”

The Racing and Gaming Conference at Saratoga will be held Aug. 16 and 17. Registration is available on site or in advance at this link.

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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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Equibase Economic Indicators For July: Decline In Field Size Affecting Wagering

Equibase, North American horse racing's official database, has released wagering statistics for the month of July and year to date, with comparisons to the COVID-19 influenced numbers from 2020 and pre-COVID stats from 2019. Equibase continues to supply monthly statistics during the pandemic after typically disseminating the information on a quarterly basis.

The economic indicators show a mixed bag of results, with July wagering up by 0.33 percent compared to July 2020 despite the addition of nearly 12 percent more racing days and 7.65 percent more races.

Wagering numbers undoubtedly were tempered by the nearly nine percent decline in average field size in July 2021, 6.95 horses per race compared with 7.62 in 2020. That contributed to a 10 percent decline in average wagering per race day. With fewer race days in July 2020 and for the first seven months of the year due to COVID shutdowns of some tracks, field size was greater in 2020.

Despite the stagnant July wagering, total purses jumped by more than 22 percent, with average purses per race day up by almost 10 percent.

Comparisons to July 2019 appear more favorable, with wagering up by almost 17 percent despite an eight percent drop in race days and starts. Average field size declined by 2.33 percent from July 2019 to July 2021.

Year-to-date figure comparisons to both 2020 and 2019 tell a similar story: wagering  is up double digits, but average field size has declined (though by less than one percent compared to 2019 year-to-date when there were 10 percent more race days). Total purses are up year-to-date by 51 percent compared to 2020 where there were 36 percent fewer races but they are down by 3.35 percent compared with 2019.

July 2021 vs. July 2020
Indicator July 2021 July 2020 % Change
Wagering on U.S. Races* $1,101,617,446 $1,098,021,143 +0.33%
U.S. Purses $110,489,273 $90,220,894 +22.47%
U.S. Race Days 445 398 +11.81%
U.S. Races 3,531 3,280 +7.65%
U.S. Starts 24,527 24,984 -1.83%
Average Field Size 6.95 7.62 -8.81%
Average Wagering Per Race Day $2,475,545 $2,758,847 -10.27%
Average Purses Per Race Day $248,291 $226,686 +9.53%

 

YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $7,379,543,305 $6,152,548,050 +19.94%
U.S. Purses $625,643,005 $414,389,542 +50.98%
U.S. Race Days 2,326 1,699 +36.90%
U.S. Races 19,323 14,186 +36.21%
U.S. Starts 141,830 113,058 +25.45%
Average Field Size 7.34 7.97 -7.90%
Average Wagering Per Race Day $3,172,633 $3,621,276 -12.39%
Average Purses Per Race Day $268,978 $243,902 +10.28%

 

2019 Comparisons:

July 2021 vs. July 2019
Indicator July 2021 July 2019 % Change
Wagering on U.S. Races* $1,101,617,446 $942,243,633 +16.91%
U.S. Purses $110,489,273 $103,342,574 +6.92%
U.S. Race Days 445 484 -8.06%
U.S. Races 3,531 3,742 -5.64%
U.S. Starts 24,527 26,612 -7.83%
Average Field Size 6.95 7.11 -2.33%
Average Wagering Per Race Day $2,475,545 $1,946,784 +27.16%
Average Purses Per Race Day $248,291 $213,518 +16.29%

 

YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $7,379,543,305 $6,615,017,905 +11.56%
U.S. Purses $625,643,005 $647,344,706 -3.35%
U.S. Race Days 2,326 2,588 -10.12%
U.S. Races 19,323 21,199 -8.85%
U.S. Starts 141,830 156,851 -9.58%
Average Field Size 7.34 7.40 -0.80%
Average Wagering Per Race Day $3,172,633 $2,556,035 +24.12%
Average Purses Per Race Day $268,978 $250,133 +7.53%

* Includes worldwide commingled wagering on U.S. races.

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