Kentucky recently became the 37th state to approve sports betting since the Supreme Court ruled in 2018 that a federal law banning such wagering was unconstitutional. While Kentuckians will have to wait until later this year or early in 2024 to place their first legal sports bet in their home state, the number of people betting on sports and the volume of wagering across the United States quickly surpassed horse racing's totals and continues to grow.
This year, for the first time, individuals in many states with sports betting or fantasy sports accounts through FanDuel will have the opportunity to wager on horse racing's biggest race, the Kentucky Derby, without having to open a separate advance deposit wagering account.
The introduction of the so-called “single wallet” promises to introduce horse racing to a new, younger generation of gamblers, states Andrew Moore, general manager of racing for the FanDuel Group.
Moore joins Ray Paulick and Joe Nevills in this week's Friday Show in a wide-ranging discussion on the latest developments on the sports betting front and how horse racing can benefit between the merger of the two types of wagering.
Moore also discusses the rebranding of TVG to FanDuel TV, pointing out that the FanDuel Group's investment in horse racing continues to expand, citing as one example more on-the-scene coverage of major races from Florida to Louisiana to Kentucky and California.
Watch this week's episode of The Friday Show below:
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