Combined OTB & ADW Horse Racing Handle In Virginia Is Up Almost $10 Million Thru July

Virginia’s handle on horse race wagering is up nearly $10 Million over the same seven month period of a year ago courtesy of increases in both Advance Deposit Wagering (ADW) and Off Track Betting (OTB) handle.

In the month of July, the four licensed ADWs — or on line betting partners — handled over $6.7 million from Virginia residents. TVG handled the most with $3,009,450 while Twin Spires was next with $2,616,924.  Xpress Bet came in third with $947,657 and relative newcomer NYRA Bets was fourth with $183,077.  ADW handle for the first seven months of 2018 was $52,468,854, up 3.2% over last year’s $50,842,558. ADW handle for the same period in 2016 was $47,457,633.

The Windmill OTB opened in mid-March, and currently is the only one in the Southwest, Virginia market.

Despite being second in handle generation,Twin Spires has made considerable gains in Virginia this year. They still trail TVG in terms of overall handle, but are up over 9% so far, processing $20,256,670 in horse race wagers versus $18,582,457 last year and $17,497,440 in 2016. TVG has handled $23,407,489 through July 31st.

OTB handle is up over $8 million this year with four sites operating now versus two sites a year ago. The OTB at Buckets Bar & Grill in Chesapeake, which opened last November,  has handled over $7.2 million in the seven months. The Windmill  OTB inside Collinsville’s Dutch Inn hotel has handled $2.1 million, though that center did not open until mid-March. Both Richmond sites — at Breakers Sports Grille and Ponies & Pints — continue to do well with respective handles of $6.01 million and $4.3 million.

Overall, when combining both the ADW and OTB monies along with handle generated at the May Virginia Gold Cup event, the seven month handle for 2018 is $72,3423,168, versus $62,568,893 in 2017.

Saratoga’s summer season is a popular for horseplayers. Their meet runs every Wednesday thru Monday until Labor Day.

Both Saratoga and Del Mar summer meets continue through Labor Day with their respective signature events still to come — Pacific Classic Day (Del Mar) on August 18th and Travers Day on August 25th (Saratoga). Both circuits run through Labor Day. A complete OTB simulcast schedule is available at virginiahorseracing.com.

 
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