๐Ÿ’ฐ Off-track betting heads to fresh venues OTBs try odds at casinos - Los Angeles Times

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Follow Us.{/INSERTKEYS}{/PARAGRAPH} Gaming officials said the Commerce Casino site would be a test model to gauge the success of the initiative during troubled economic times. At the new site, gamblers will be able to bet at electronic kiosks and follow races from across the country on a bank of 26 television screens. Even though the new off-track venue at the Commerce Casino will mean more competition for the existing gambling sites, the Fairplex Park operators support the expansion. Under the new law, card clubs, casinos, sports bars and other businesses can file an application with the California Horse Racing Board for one of the 45 new sites statewide -- 15 in each of three racing zones throughout the state. About Us. Times Store. {PARAGRAPH}{INSERTKEYS}Beginning this weekend, horse racing fans can place bets and watch televised races at the Commerce Casino, the first new off-track betting site approved under a statewide initiative to whip up the struggling horse racing industry. The new sites, allowed under a state law, are in addition to the 34 betting facilities already operated by racetracks, tribal casinos and fairgrounds. Ron Charles, Santa Anita Park president, also praised the expansion, saying the added convenience of new off-track betting sites will draw new enthusiasts, such as card players and sports fans at casinos and sports bars, to horse racing. Facebook Twitter Show more sharing options Share Close extra sharing options. Hot Property. The new off-track betting sites cannot operate within 20 miles of an existing satellite wagering facility without the consent of the operators of the existing site. Some of the existing off-track betting sites are old and in poor condition, he added. Although such tactics might generate new revenue in the long term, he said, they rarely boost returns in the short term. So far, only two others -- a tavern and a restaurant in San Francisco -- have applied with the California Horse Racing Board to operate one of the newly permitted facilities. Owners and managers of several Southern California racetracks concede that they may lose patrons to the new off-track betting sites. July 18, Horse racing, in a comeback bid, is headed for a casino near you. Matt Jacobs, a senior analyst for Majestic Research Corp. Brand Publishing. But racetracks such as Hollywood Park, Del Mar Thoroughbred Club and Santa Anita Park will benefit financially in the long run by collecting a share of every bet placed at the off-track sites on races at those parks, according to state gaming officials. Times News Platforms.