TEXAS INSTANT RACING OVERVIEW AND POTENTIAL IMPACT INSTANT RACING - - PowerPoint PPT Presentation

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TEXAS INSTANT RACING OVERVIEW AND POTENTIAL IMPACT INSTANT RACING - - PowerPoint PPT Presentation

COMMITTEE ON THE CURRENT STATE OF HORSE AND GREYHOUND RACING IN TEXAS INSTANT RACING OVERVIEW AND POTENTIAL IMPACT INSTANT RACING Instant Racing is a pari-mutuel wagering system played in Arkansas at Oaklawn Park and Southland Greyhound


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SLIDE 1

COMMITTEE ON THE CURRENT STATE OF HORSE AND GREYHOUND RACING IN TEXAS

INSTANT RACING OVERVIEW AND POTENTIAL IMPACT

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SLIDE 2

INSTANT RACING

  • Instant Racing is a pari-mutuel wagering system played in Arkansas at

Oaklawn Park and Southland Greyhound Park

  • The Instant Racing server is loaded with tens of thousands of previously

run races

  • The machine displays certain past performance information on each horse

in a specified race. The player wagers on a horse in the specified race based on the information given

  • The display shows a limited portion of the race and signals how the player

fared given the results of the race

  • The player is rewarded with proceeds from a pari-mutuel pool
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SLIDE 3

INSTANT RACING

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SLIDE 4

INSTANT RACING PERFORMANCE JANUARY 1, 2009 – DECEMBER 31, 2009

Total Number of Machines 353 Average Daily Win $173 Net Win (commission) $21.1 million Purse Contribution $3.2 million

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SLIDE 5

INSTANT RACING

Other Factors to Consider

  • Oaklawn Park is in Hot Springs, a town of 30,000
  • Wagering is processed over the same tote system

that handles racing wagers

  • Oaklawn began installing poker machines in 2006 yet

wagering in 2009 reached record levels