USA Horse Racing
The USA Horse Racing industry as a whole is a multi-billion dollar
concern supplying jobs to hundreds of thousands of Americans while being a
major source of tax revenue for many States, particularly California and
Kentucky. Horse racing betting in the USA is very substantial with the
amount wagered on Breeders Cup day alone exceeding $120 million.
US Horse Races are administered at a state level with tracks taking a
percentage of the handle wagered on every race (usually between 20%-25%) to
pay taxes and expenses. There is American horse racing on a daily basis at
numerous racetracks with thoroughbred and quarter horse races the most
popular.
Organized Horse Racing in the USA didn't start until after the civil war,
although horses were brought to America much earlier. From that point
onward, thoroughbred racing really took off and by 1890 the were 314 tracks
in operation.
Unfortunately USA horse racing wasn't well governed early on, which led to
criminal elements influencing the sport. This lead to the American Jockey
Club being formed, who ruled racing with an iron first and got rid of most
of the corruption. USA horse racing suffered its worst period in the early
1900s because of antigambling sentiment. Pari Mutuel wagering on the
Kentucky Derby signaled the turnaround for racing, and the model was adopted
by many states.
Today, US horse racing features some of the most important horse races in
the world including the Triple Crown (Kentucky Derby, Preakness Stakes, and
Belmont Stakes) and the annual Breeders' Cup race meeting, which culminates
with the Breeders' Cup Classic. This is the joint-second richest horse race
in the world with a purse of $5,000,000. Only the Dubai World Cup offers
more prize money.
We have listed some of the most popular USA horse races here, and we also
recommend safe online sportsbooks and racebooks where players can bet on US
horse racing. These sportsbooks offer excellent promotions and cash-back
rebates (on some USA tracks the amount is as high as 8%) on your betting
handle.
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