Monthly Archives: May 2023

Marylanders Should Be Wary Of Deceptive Online Sports Betting … – Bay Net

Posted: May 22, 2023 at 12:32 pm

BALTIMORE Maryland Attorney General Anthony G. Brown today issued a consumer alert urging Marylanders to always be aware of deceptive online sports betting companies, especially in advance of large-scale popular events like the 2023 Preakness. Companies in Marylands online sports betting industry, which also operate through mobile apps, have enticed bettors with aggressive marketing, such as so-called risk-free bets. However, these enticements often appear more attractive than they actually are. The fine print may contain limitations that negate the promised benefits. Additionally, its not just enticements and complicated deals which may end up costing consumers more money than they were planning to spend in the first place online gambling is also a target for cybercriminals looking to defraud unsuspecting bettors.

Online sports betting allows consumers to place bets through websites or mobile apps for a variety of sporting events. This type of gambling was launched in Maryland in November 2022, and is available through multiple sport betting companies, or sportsbooks. A listing of approved companies can be found here:https://www.mdgaming.com/maryland-sports-wagering/.

Deceptive practices and scams have the potential to overshadow the excitement of sports betting and leave Marylanders vulnerable to financial losses, saidAttorney General Brown.I urge all Marylanders to remain vigilant, conduct thorough research, and exercise caution to avoid financial loss due to misleading tactics. We will protect Maryland residents and their hard-earned money from deception by online sports gaming companies.

Attorney General Brown offers the following tips to protect consumers from misleading information peddled by sportsbook platforms:

To protect against fraudulent platforms and scammers looking to steal money and financial and personal information, consumers should follow these tips:

Online sports betting is prevalent and easier to access, now that it is legal in Maryland. Consumers should not forget that they are gambling with real money and that they can suffer devastating financial losses if their gambling becomes problematic. For assistance with problem gambling, Marylanders can visit the Maryland Alliance for Responsible Gambling athttps://www.mdgamblinghelp.org/or call 1-800-Gambler.

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How to Make Deposits and Withdrawals in Online Casinos – Fordham Ram

Posted: at 12:32 pm

Gambling now ranks as a premium entertainment option for adults in their twenties and early thirties. Consequently, below, we detail how interested parties can get started enjoying games of chance over the Internet.

To begin ones gaming voyage, players must have balances loaded with funds allocated for gaming fun. And to accomplish this, they need to follow these steps:

1. Log in to a casino account That is done via the entered credentials in the registration process.

2. Navigate to the cashier/banking tab. It is usually reachable through a deposit button in the top navigation bar on the casinos homepage or is accessible in the account dropdown menu.

3. Select a preferred payment method Multiple ones should be available, such as credit/debit cards, e-wallets, wire transfers, and cryptocurrencies. The choice depends on multiple factors that a casino user prioritizes. Or it simply may fall on the type of transaction pick that is most readily available.

4. Enter a deposit sum After selecting a money transfer method, the next step is to specify the amount one wants to place in their account for gaming entertainment. Before doing so, everyone should be mindful of the site minimum/maximum limits imposed.

5. Provide payment details Depending on the operator and picked deposit option, a casino user may need to supply payment details like a security code, login credentials, etc. Moreover, on some platforms, sending personal identification documents to comply with KYC/AML regulations may be mandatory before playing. So, please note this.

6. Confirm the transaction After a casino states that the desired transfer has gone through, it is wise to instantly review the details of said deposit and confirm that the transaction did indeed happen as requested. Double-check this to ensure accuracy.

7. Await processing If the transaction did not occur instantaneously, be patient and wait a while, as the select payment method or the casinos processing time may delay this process a bit. Though, in most cases, deposits should materialize immediately, regardless of the chosen transaction choice.

8. Verify the deposit Once the deposit lands, the casino balance should be updated accordingly. When that transpires, the moved funds should be ready to get used on available games.

It is vital to know that the steps outlined above may differ slightly between online casinos. Hence, always refer to a chosen sites guidelines for accurate and up-to-date information on the depositing procedures/rules.

Once a gambler hits a sizable win, or hopefully, a jackpot reward, that individual likely wants to get united with his attained prizes as soon as possible, and to do that, he must know how to withdraw the prize. That goes done by:

1. Navigating to the cashier/withdrawal tab In most cases, gambling sites do not have a designated homepage withdrawal button. Therefore, users must reach the withdrawal section through their profile pages.

2. Choosing a preferred withdrawal method Usually, the same ones for depositing are available, but most US-centric sites do not allow credit/debit cards as a withdrawal option.

3. Entering the withdrawal amount Naturally, the sum should be within the allowable platform limits. If a player has used bonus cash to win prizes, he can only take the corresponding winnings from his account after completing the wagering requirements tied into said bonus.

4. Supplying the necessary information means e-wallet credentials or bank account info. Plus, any KYC/AML documentation.

5. Reviewing the request It is a sound practice to check the entered info before confirming a transaction.

6. Awaiting processing Different payment methods incur different processing timeframes, which can get elongated depending on a sites withdrawal policies and practices for each option.

7. Monitoring for updates After a withdrawal gets initiated, gamblers should periodically check their transaction choices balance to see if the transferred funds have reached their destination. For credit/debit card transactions, three to five days must go by for the demanded funds to move accounts, and e-wallet transfers take up to forty-eight hours.

In a nutshell, that is all everyone needs to know concerning taking out winnings from an online casino.

Without question, the five most established transaction options gambling hubs offer nowadays are:

1. Credit/debit cards These are by far the most accessible pick. Yet, they can incur sizable fees, and their processing speeds can go up to several days.

2. Wire transfers Bank transactions are a safe alternative, but their processing is prolonged, taking up to seven working days.

3. e-Wallets Digital pocketbooks carry reasonable fees of around 2% and process transactions within two days.

4. Cash App Mobile payment software is a fast and secure method that an ever-growing portion of the online gambling pool implements today, with online casino real money cash app platforms being all the rage.

5. Cryptos Cryptocurrency transfers happen in minutes and boast low commissions, making them most veterans favorite choice.

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Why PG Slot is the Hottest Casino Destination Right Now – Tycoonstory Media

Posted: at 12:32 pm

In recent years, the online gambling industry has experienced a remarkable surge in popularity, with more and more players opting for online casinos over traditional brick-and-mortar establishments. And when it comes to the hottest casinos in the online world, one name has been generating a lot of buzz pg . This online casino offers an exceptional gaming experience that is unmatched by any other platform, making it the most sought-after casino destination among players worldwide.

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Whether youre a novice player or a seasoned gambler, Pg Slot has something to suit your gaming needs. Its ever-expanding portfolio comprises a vast range of online slots titles, table games, and live dealer games, all designed to cater to every individuals desires. In addition, Pg Slot is continually updating its platform with new games, features, and promotions to keep players engaged and entertained.

Pg Slot has established itself as one of the most popular online casino destinations currently available. One of the key factors contributing to its success is the wide variety of games it offers. With over 200 slots games and counting, players have an extensive selection to choose from. This includes popular titles like Starburst and Gonzos Quest, as well as brand new games that are regularly added to the platform. Additionally, Pg Slot also offers an impressive lineup of table and card games, including blackjack, roulette, and baccarat, to ensure that players have the ultimate casino experience. The diverse range of games available ensures that there is something for every player, no matter what their preferences might be. Overall, the wide variety of games on offer at Pg Slot undoubtedly contributes to its position as the hottest casino destination right now and is a key factor behind its success.

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One of the key reasons why Pg Slot is the hottest casino destination right now is the easy and secure payment methods it offers to its users. The platform provides a diverse range of payment options to its users, including credit and debit cards, e-wallets, and bank transfers. These payment methods are not only safe and reliable but also seamless and convenient. For instance, the e-wallets offer users with lightning-fast withdrawals and deposits, while bank transfers offer users with a secure and straightforward means of funding their accounts. Additionally, Pg Slot ensures that its platforms are encrypted with the latest security protocols, making it virtually impossible for hackers to compromise user data. With such easy and secure payment methods, it is no wonder that Pg Slot is rapidly becoming the favorite online casino for many users.

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In conclusion, Pg Slot has gained immense popularity as one of the hottest casino destinations recently due to its outstanding features that set it apart from the rest. Players can enjoy a vast array of games with unique themes and excellent graphics, which provides an exciting and immersive gaming experience. Additionally, with the integration of advanced technology and secure payment options, Pg Slot ensures that players have a seamless and safe gambling experience. With its increasing popularity and continuous improvement, Pg Slot is definitely a casino destination worth checking out for any avid gambler.

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Crain’s editorial: No such thing as ‘free’ in sports betting – Crain’s Cleveland Business

Posted: at 12:32 pm

Ohio took a chance on sports betting, and for the most part, people seem to like it.

Whether the industry is taking its responsibilities seriously enough, though, is an open question. Ohio and other states are, appropriately, cracking down on some bad practices, particularly around advertising. Companies in the sports gambling business, meanwhile, need to re-examine their operations to make sure they're meeting the letter and spirit of the law, because the easiest way to tank the industry in a new market is to give the impression that rules don't apply.

There has been some skirting the rules to date.

The Ohio Casino Control Commission has imposed more than $800,000 in fines on sports betting companies since January, according to an article in The New York Times that looked at how states nationwide are stepping up regulation of the fast-growing industry to minimize harm to the public that can spill over to athletes. Much of the concern relates to advertising that may reach underage bettors. One of the Ohio violators was the betting platform DraftKings, which, the Times noted, "acknowledged it illegally claimed bettors could make 'free' bets and mistakenly mailed out 2,582 advertisements to state residents under the legal betting age of 21, urging them to download its mobile app and claim $200 in free bets." Its total fines so far this year: $500,000. BetMGM and Caesars Sportsbook have been levied fines of $150,000 each.

Closing in on a million dollars in fines after only four full months of legal gambling in Ohio shows the state is being aggressive in policing the business. The state also has enacted some smart, reasonable rules related to sports betting, particularly in the area of defining involuntary exclusion from casino and sports gambling facilities.

This is, though, a bit of a game of Whac-a-Mole without stronger industry buy-in.

Matt Schuler, executive director of the Ohio Casino Control Commission, told the Times that he was disappointed in the content of sports gambling advertising in the state, saying, "Folks are waking up to the need to intervene and not wait a decade and have the full brunt of harmful effects of this, particularly on minors. The industry will certainly never police itself." (He did note, though, that enforcement had resulted in more compliance from advertisers.)

It has been a busy time for Schuler, who in early May barred licensed sportsbooks in the state from accepting bets on University of Alabama baseball games hey, sports bettors will wager on just about anything after a report warned of suspicious gambling activity.

The point is, there's a slippery slope to all this, to potentially disturbing places of bettors threatening or harassing athletes, and athletes giving into financial temptations that can lead to compromising the integrity of their games.

There's not necessarily a straight line between advertising-related sports gambling violations and on-field/on-court problems, but any whiff of illegality can't be tolerated. Ohio was relatively late to the game, but sports betting now is legal in 33 states. BIA Advisory Services, a media-industry research firm, estimates $1.8 billion was spent advertising online gambling last year in local U.S. markets, and that number is climbing fast as big states, including Ohio, enter the market.

There are some promising signs on the industry front. The American Gaming Association trade group, for instance, has revised its "responsible marketing code" to ban members from using the "risk-free" language, and the NBA recently prohibited the league's advertising partners from using it during broadcasts.

In Ohio, we have only three full months of data on sports gambling, but it has been popular with the public.

The state casino control commission reported Ohioans placed nearly $740 million in sports bets in March, up about 15% from just under $640 million in February, though down considerably from $1.1 billion in January, when business was driven by novelty, lots of advertising and promotion, and "come bet with us" deals. March is a big month for sports betting because of the NCAA basketball tournament, and we should expect to see some ups and down as the year goes on.

The best way to keep the numbers up to make sure sports gambling is on the up and up. The industry only grows if it grows responsibly.

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CAMH calls for ban on gambling advertising during sports broadcasts – The Globe and Mail

Posted: at 12:32 pm

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The Centre for Addiction and Mental Health's Queen St. campus in Toronto on March 14, 2021.Cole Burston/The Canadian Press

The Centre for Addiction and Mental Health is urging the Ontario government to ban gambling advertising during sports broadcasts, saying that the type of ads that have blanketed the airwaves since private companies began offering online betting last year wouldnt be permitted in other countries or for other activities that carry risk, such as alcohol consumption.

Toronto-based CAMH, Canadas largest mental-health teaching hospital, made the recommendations in a submission to the Alcohol and Gaming Commission of Ontario, which oversees gambling in the province. Last month, the AGCO proposed changes to the standards regulating ads for online gambling companies, suggesting the use of athletes as well as celebrities, entertainers, cartoon figures, role models or social-media influencers who appeal to minors could be barred.

Those proposals dont go far enough for CAMH, which argues in its submission that children and youth, as well as those already experiencing gambling problems, are especially susceptible to the marketing, which has become a mainstay of TV, radio and digital broadcasts since the government opened the internet-based betting market last spring.

The ads are normalizing sports gambling, said Nigel Turner, an independent scientist with CAMHs Institute for Mental Health Policy Research.

Theyre making sports gambling look fun and exciting, and a sure thing for winning, and big thrills. It can be big thrills, but they dont go into the fact that losing is the norm.

CAMH is proposing a whistle-to-whistle ban, which would prevent all commercial messages and betting-related editorial content from appearing on air beginning five minutes before a game until five minutes after it concludes. In addition to excluding conventional 30-second commercials, the ban would also eliminate logos and messages from betting companies during in-game action, such as those that are digitally superimposed on the ice surface or rink boards during National Hockey League games.

It would also bar betting-oriented discussions among commentators during games, which are now regular features of TV and radio sports broadcasts.

The British gambling industry instituted a voluntary whistle-to-whistle ban in 2019 for matches airing before 9 p.m., which it says reduced the number of betting ads viewed by minors by 97 per cent.

CAMH is also urging the AGCO to adopt guidelines for gambling ads that are similar to those for alcohol. Under federal regulations, ads for booze may not imply that social status or personal success could be achieved through its consumption, or refer to the feeling and effect caused by alcohol consumption. Many current betting ads reference the excitement or euphoria that a winning bet can bring.

The AGCO said in a statement to The Globe and Mail that it had received about 40 submissions on the proposals, which it floated after the commission observed the increased use of celebrities and/or athletes for promotional and marketing activities, which has raised concerns regarding the potential harmful impact on minors.

The Ontario proposals come as numerous governments are clamping down on advertising, or threatening to do so, in an effort to reduce the harms caused by the explosion of legalized gambling.

In the U.S., a collection of pro sports leagues, including the NFL, NHL, NBA, MLS and MLB, as well as Fox Broadcasting and NBC Universal, announced a coalition last month to create voluntary restrictions on sports betting ads.

A ban on all TV, radio and billboard advertising for gambling will go into effect this summer in the Netherlands. Online ads will still be permitted, though marketers will have to demonstrate that at least 95 per cent of those receiving the messages are over 23 years old.

In Britain, the federal government issued a long-awaited white paper with extensive proposals to update its 2005 gambling law. The paper noted that approximately 300,000 Britons are estimated to be experiencing problem gambling, defined as gambling to a degree which compromises, disrupts or damages family, personal or recreational pursuits, and a further 1.8 million are identified as gambling at elevated levels of risk, in the country of 67 million.

Data provided to The Globe by ConnexOntario, which operates helplines for gambling addiction, indicated there had been a rise in call volumes since the introduction of online gambling last year.

Bettors in Ontario placed $35.5-billion in wagers across 76 websites during the first year of legalized online gambling, according to figures released by iGaming Ontario last month, with betting companies earning $1.4-billion in revenue. (The province taxes that revenue at 20 per cent.) That figure includes all types of online bets, from casino games to sports wagering. iGaming Ontario did not respond to a request for information on how much was wagered specifically on sports.

There were 1.65 million active player accounts during the 12-month period, though only 1.01 million were active in the most recent fiscal quarter, ending March 31. Those figures dont represent the total number of Ontarians engaged in online gambling, since individuals frequently set up accounts with more than one company.

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40 held for online gambling, cryptocurrency activities – The Malaysian Insight

Posted: at 12:32 pm

FORTY people were arrested for suspected involvement with online gambling syndicates and illegal cryptocurrency activities in a series of raids in Kuala Lumpurand Selangor onFriday.

Police secretary Noorsiah Mohd Saaduddin said the suspects comprised 17 local men and one local woman, 15 Chinese men and six Chinese women, and one Singaporean, all aged between 20 and 58.

Items seized during the raids include mobile phones, UScurrency, golden coloured bars, cars, watches, handbags, jewellery and computers, she said in a statement tonight.

The online gambling syndicate wassaid to be targeting Taiwanese nationals,and those interested to bet on the platform were asked to make money transfers to mule accounts in China.

The syndicate was also conducting unlicensed cryptocurrency exchange activities, changing money received from China into cryptocurrency that was then sent back to the country, she said.

The suspects willbe remanded untilThursday,and they are being investigated under section 420 of the penal code and section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Bernama, May 22,2023.

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Online gambling in Malta: An insider’s guide – Times of Malta

Posted: at 12:32 pm

Malta, a small yet captivating island nation in the Mediterranean, has become a significant player in the global online gambling industry. Its unique blend of robust regulation and enticing gaming opportunities makes it a prime destination for enthusiasts and operators alike. In this comprehensive guide, we'll delve into the world of online gambling in Malta, providing you with expert insights on the best Maltese gambling sites, legal considerations, and strategies to enhance your gaming experience.

Malta's thriving online gambling scene can be attributed to several key factors:

Navigating the vast selection of Maltese online casinos can be quite the challenge, but fear not! We've done the heavy lifting for you and identified the key aspects to look for when choosing the best Maltese gambling sites on online-gambling.com/malta/.

These top-rated online casinos typically offer a unique combination of features, games, and bonuses to cater to a diverse range of preferences. Here's a more in-depth look at what sets these top-notch Maltese casinos apart:

Remember, always choose licensed and regulated online casinos to ensure a secure and enjoyable experience. By prioritizing these key aspects, you'll be well on your way to selecting the perfect Maltese online gambling site for your gaming needs.

Malta's legal framework for online gambling is both comprehensive and transparent. The MGA's regulatory oversight has created an environment where players can engage in online gambling with confidence. Here's what you need to know:

To make the most of your Maltese online gambling adventure, consider the following expert tips:

Malta's online gambling scene offers an enticing mix of world-class gaming options, robust regulation, and attractive opportunities for both players and operators. As you embark on your Maltese online gambling journey, remember to choose licensed casinos, adhere to responsible gaming practices, and make use of the expert tips provided in this guide. With the right approach, you'll be well on your way to an exhilarating and rewarding gaming experience in the heart of the Mediterranean. Happy gaming!

Disclaimer: Play responsibly. Players must be over 18. For help visit https://www.gamcare.org.uk/.

Independent journalism costs money. Support Times of Malta for the price of a coffee.

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The Legal Landscape of Online Casinos in Finland – European Gaming Industry News

Posted: at 12:32 pm

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Its safe to say that Finland has a very unique legal landscape when it comes to gambling. While most European countries practice free markets that are open to fair competition and international operators, Finland writes its own story on the matter. Unfortunately for Finns, this regulatory gambling landscape is not very favorable and Finnish gamblers dislike it, to put it mildly.

As you may already know, Finland focuses on government-regulated operators, which creates a 3+1 environment where only a selected few operators are allowed to offer gambling services in Finland. That goes for both land-based and online gambling activities.

Furthermore, this creates a country-owned monopoly where gambling is heavily regulated. Finlands government has been defending this stance for a while now as they tax individual and operator gambling gains in order to secure those funds for a variety of social causes, including different charities.

However, the Finnish government hasnt been able to prevent Finnish citizens from gambling at off-shore online casinos, which is why Finns use reliable sources likekasinohai.com/uudet-kasinot, for example, to find online casinos that suit them the most. So with that in mind, lets have a more closer look at the legal landscape of online casinos in Finland.

As mentioned before, Finland has a 3+1 government-regulated monopoly over local gambling activities. According to theFinlands Lotteries Act(1047/2001) only state operator Veikkaus is allowed to provide gambling games in Finland. In other words, there is no licensing system that can be awarded to different operators, should they meet certain regulatory standards and other polices.

The goal of Finnish government is to use this monopoly to reduce, prevent and control negative effects of gambling, most importantly gambling addiction. However, back in 2021 the Finnish Competition and Consumer Authority (FCCA) stated that the current gambling system has proven ineffective at minimizing the negative effects of gambling. The point in fact is that Finland is one of the leading countries in the world for gambling problems among its populace.

In order to strengthen the monopoly and get another shot at minimizing negative effects of gambling, amendments were introduced that include penalties and payment blocks for service providers. In other words, payment service providers are obligated to block payments and other transactions made by Finns towards online casinos not operating in Finland. All off the amendments are in effect as of 2023.

Although all the amendments to the Lotteries Act are in place, Finnish gamblers still find a way to play their favorite casino games at international or off-shore casinos. One might wonder why that is so when gambling is available in Finland, even though its regulated by the government. Well, thats exactly why Finns look for outside sources of gambling and entertainment.

Being limited by selected operators that provided limited number of games and bonuses, as well as having you winning and payments heavily taxed, isnt something Finnish gamblers are very fond off. In this particular case, grass is, in fact, greener on the other side of the fence. EU free market provides Finnish players with a myriad of options not only when it comes to operators but also for game variety, bonuses and tax-free transactions.

International casinos are happy to accept players from Finland so its only natural that Finns would choose off-shore operators over the local ones. An even if local operators would to provide better offers, the heavy tax implications would still drive most of the Finns away and towards off-shore operators.

Finns venturing outside their border to play casino games has finally made an impact on the local government. As a matter of fact, Finns are spending more money at international casinos than local ones. That said, back in September, 2022, Veikkaus has reported that their profits are decreasing and that they now only hold 70% of market share in Finland.

Even though political parties in Finland have protected the monopoly so far, most of them are beginning to reconsider their support. If youre wondering why, its because of monetary gains, of course. The way things are now, Finland would profit more from issuing licenses to foreign casino operators than they are from current taxation of local gambling. Therefore, a major potential change might happen in Finland after all. However, the licensing of commercial online gambling market cannot happen overnight.

Even Veikkaus agrees that its time for fast transition so that Finland can capitalize on the opportunity that has presented itself, but some of the political leader are more in favor of a slower and well-calculated approach. It seems that Finland will use the licensing model thats in place in Sweden and Denmark, provided they decide to make the necessary changes, in the first place. Well just have to wait and see what happens next.

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ACMA urges internet providers to block three additional illegal … – Yogonet International

Posted: at 12:32 pm

The Australian Communications and Media Authority (ACMA) has ramped up its efforts to combat illegal offshore gambling by urging Australian internet service providers (ISPs) to block three additional websites found to be in violation of the Interactive Gambling Act 2001.

The ACMA's investigations revealed that these services, namely Vave, Highway Casino, and Online Casinos Australia, were operating unlawfully.Website blocking stands as one of the various enforcement measures implemented to safeguard Australians against illegal online gambling activities, noted the Authority.

Presently, 747 illegal gambling and affiliate websites are already blocked in Australia. The ACMA issued its first request for website blocking in November 2019 and has since continued to expand its list of prohibited sites. And since the ACMA commenced enforcing stricter regulations against illegal offshore gambling in 2017, more than 200 illicit gambling services have voluntarily withdrawn from the Australian market.

This significant reduction in unregulated operators reflects the growing impact of the ACMA's stringent approach to ensuring compliance with gambling laws.In light of recent developments, the ACMA emphasizes the importance of consumer awareness regarding the risks associated with using illegal gambling services.

Despite some illegal operators attempting to appear legitimate, they often lack crucial customer protections, warns the Authority. Consequently, Australians who engage with such services face the possibility of financial loss and are advised to exercise caution.To assist individuals in identifying licensed wagering services operating in Australia, the ACMA encourages citizens to consult its register.

This resource provides a comprehensive list of authorized operators, ensuring customers can confidently engage with legitimate and regulated gambling platforms. By collaborating with ISPs and continually monitoring unlawful activities, the ACMA aims to create a safer online environment for Australians who wish to engage in lawful gambling practices.

Back in March, the Authority published a report called Snapshot of Social Casinos, which provides insights into consumer habits and industry trends for this growing market. The report shows Australia was in the top five markets by consumer spend as of the first half of 2022. You can read its main findings here.

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2023 Preakness Betting Stays Flat In Annual Comparison – PlayUSA

Posted: at 12:32 pm

Some metrics might suggest that interest in horse racing is flagging. However, interest in betting on horse races appears to be holding steady, although more data is necessary to confirm with more certainty whether that is the case.

The 2023 Preakness Stakes brought in a little under $102 million in wagers. Thats steady from last years total. At the same time, context suggests that online racebooks could be responsible for keeping that number competitive.

According to a news release from 1/ST Racing, which operates Pimlico Race Course in Maryland among others, the amount of money wagered on Saturdays Preakness Stakes came to $101.7 million. Hayes Gardner of theBaltimore Sun says that total is similar to last years total of $104 million and more than the five-year average from 2015-2019 of $94 million.

National Treasure took the win as the betting second choice of 4-1. Kentucky Derby winner Mage had been the odds-on favorite at 8-5. They were two of just seven horses to compete in the 2023 Preakness after veterinarians advised the scratch of First Mission. First Mission had been the second choice.

For the horse racing industry, the amount of money bet on the race might be the highlight of the event. It followed a record sum wagered on the Kentucky Derby. That is great news for the racebooks considering betting activity on less notable races has actually seen a decline this year.

Other facets of the event did not go as the event organizers likely hoped. Of greatest importance, Saturday saw yet another horse fatality on a renowned day for the sport. A separate press release from 1/ST explains what happened.

During the Chick Lang Stakes at Pimlico, the number one horse, Havnameltdown, sustained an injury and immediately received on-track medical attention from an expert team of veterinarians, led by Dr. Dionne Benson. during the subsequent evaluation, she [the lead veterinarian] observed a non-operable left fore fetlock injury. Due to the severity and prognosis of the injury, Dr. Benson and her counterparts made the difficult decision to humanely euthanize Havnameltdown.

While the break down did not occur to one of the seven horses actually running in the Preakness, it nonetheless continues the conversation around equine safety. It could also have put a damper on the day for attendees. There werent as many of those this year, though.

Gardner also pointed out that the attendance figures from this years Preakness could be a matter of concern for event organizers. According to Gardner, 65,000 people paid for admission to the venue between Friday and Saturday.

That is slightly up from 2022 but about 1/3 of the figure from 2019, Hayes wrote. If this is the new expectation for the Preakness moving forward, then keeping betting activity over the $100 million mark will increasingly rely on people wagering on the race from outside Pimlico.

Fortunately for the industry, online betting on horse races has never been more accessible. Many of the most popular online gambling companies in the United States have introduced dedicated apps like BetMGM Horse Racing, Caesars Racebook, DK Horse and FanDuel Racing.

Additionally, endemic brands like Churchill Downs Twinspires and TVG have made investments in their online products to compete. Horse racing is evolving along with the rest of society. That evolution could mean that the sport is more dependent on Internet betting than ever before.

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2023 Preakness Betting Stays Flat In Annual Comparison - PlayUSA

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