Sky Sports Racing: New Year begins with action at Southwell and Newcastle featuring unbeaten Qazaq Racing News

For example, Resorts World New York City, which operates video lottery terminals, is contractually obligated to turn over 12% of its net win to the New York Racing Authority, or NYRA. Patrick McKenna, NYRA’s vice president for communications, said that currently amounts to about $120 million annually. Of that total, $60 million goes toward purses, $40 million goes to capital improvements, and $20 million funds operations. “Unfortunately, the operations of the racetrack cannot continue under existing conditions, and we do not see a plausible way forward,” said Howard Bruno, the racetrack’s general manager, in a news release announcing the closure. IndyCar series legend Tony Kanaan now runs the team’s day-to-day operations, after Arrow McLaren parted ways with ex-team principal Gavin Ward in November after two years.

Turfway Park moves Wednesday card to next Sunday to avoid snow

It’s headed by former hedge funder Jack Wolf, and it produced 2018 Triple Crown winner Justify and 2020 Derby and Breeders Cup winner Authentic, both trained by Baffert. The median price to purchase a race horse is about $30,000, according to BloodHorse, a publication for owners and breeders that tracks sales and the state of the market. Baffert told CNBC he believes horse racing needs more high-profile events with big purses to drum up buzz.

Read the latest news on RacingNews365.com, where you can find everything on the 2023 F1 season, like Formula 1 standings, the F1 calendar and detailed profiles of drivers and teams. The 1970s saw the sport’s popularity take off with teams like Ferrari, McLaren, Lotus and drivers like Emerson Fittipaldi, Niki Lauda, James Hunt and Mario Andretti take the sport to heights not seen before. Steeped in history and tradition, Formula 1 is the highest class of auto racing for single-seater cars around the world. While the series has roots in events dating back to the 1920s and 1930s, the first F1 race was the 1946 Turin Grand Prix.

Baffert was suspended for three years from competing at Churchill Downs after a horse he’d trained, Medina Spirit, won the Kentucky Derby in 2021 but tested positive for an anti-inflammatory drug that’s not allowed on race days — and was disqualified. “I mean, it was, you know, the acquisition of CGR was because I had tried to acquire four or five charters and lost every single one of them, and had to just start getting creative.” The 23XI team is owned by Hamlin, Jordan and Curtis Polk and fields cars driven by Bubba Wallace and Tyler Reddick.

Some well-known Wall Street names have earned a reputation for spotting — or creating — opportunities in horse racing. The company says record wagering numbers suggest the betting audience is not only growing but becoming increasingly engaged as they learn the sport, especially on the mobile platforms favored by a younger demographic. The Kentucky Derby is the crown jewel of Churchill Downs — the most significant pure-play, publicly traded company focused on horse racing.

British dominance in Formula 1

Stay up to date with top drivers including World Champions Lewis Hamilton, Max Verstappen and Fernando Alonso, and youngsters Lando Norris, George Russell and Charles Leclerc. “I’m grateful to have my crew chief, Drew, along with four members from last year’s team join Front Row Motorsports,” said Gragson. Brothers said the industry is going to have to embrace new technology, such as mobile apps, to go along with the physical improvements. “We’ve been around the world with our partnership. That’s what they’re investing in,” Wolf said. As far as concrete financial returns go, he said, “We’ve been successful some years, and some years we haven’t been. It’s a very tough business, a very tough way to make a return on your money, but it can be done.”

In 2022, $12 billion was wagered on horse races, marking a new record, according to an analysis by the New York Thoroughbred Horsemen’s Association, or NYTHA. Reliable estimates of global horse-racing revenues are hard to come by, experts say, in part because of the private nature of this week in motors ownership and in part because of the wide variety of metrics used. Lydia Mee is a passionate motorsport journalist with a background in covering Formula 1, NASCAR, electric vehicles, and other various motorsports.

According to Bob Pockrass of Fox Sports, NASCAR plans to appeal injunctions that it must approve the transfer and grant Front Row (and 23XI Racing) the ability to race as charter teams while pursuing the lawsuit. And Moses is lobbying for more U.S. races to follow the unusual model, pitching racetracks such as Monmouth, Santa Anita and others. Over a little more than two decades, Starlight-owned horses have finished in the money more than 50% of the time, raking in more than $64 million in total purse money. Baffert returned to the storied racetrack the day before Thanksgiving, with a 2-year-old horse named Barnes that had never raced before but had fetched an impressive $3.2 million at an auction in Saratoga, New York, from now-owner Zedan Racing Stables. Baffert, who is only the second trainer ever to have two Triple Crown winners, may be horse racing’s best-known character.

Kevin Ryan’s We Never Stop has been in good recent form and impressed on his all-weather debut at Southwell, showing a good attitude in the finish to get up between rivals to win. The lack of pace forecast could result in We Never Stop going forward and, if he is on his going day, could prove hard to get past. “Racetracks will have to include gaming, entertainment, fan experience and innovation in their formula for success,” Drazin said.

While competing in the top rung of the American open-wheel ladder system, Schmidt’s teams captured seven drivers championships — most notably two-time IndyCar champ Josef Newgarden. Front Row Motorsports announced it has finalized the purchase of a third charter from Stewart-Haas Racing. In his statement, Front Row general manager Jerry Freeze said an announcement on the driver, car number and additional partners will come soon. In 2020, racing horse deaths in the U.S. amounted to 1.41 per 1,000 race starts, according to HISA, which launched a track safety program in July 2022. After the agency standardized doping regulations and enforcement, horse deaths fell to an estimated 0.9 per 1,000 race starts in 2024. “By prioritizing consistent and transparent practices, HISA aims to reassure fans and the public that horse racing operates with integrity and safety at its core,” Lazarus told CNBC.

Although Stirling Moss was successful despite never claiming top prize, it ushered in a period of British dominance with the likes of Mike Hawthorn, Jim Clark, Jackie Stewart, John Surtees and Graham Hill all winning championships from 1958 to 1974. Every day we bring you the news from all over the world, with a varied selection of news, current affairs, exclusive interviews, in-depth analyses and background stories. During a race weekend you do not have to miss anything from the world of Formula 1, because every practice, qualifying and race session can be followed live on our website. The “open” teams, however, don’t share in an equally sized piece of the weekly prize funds and don’t receive other guaranteed funds afforded the chartered teams. Check out the 2025 F1 calendar for an overview of all the races, with extensive background and real-time information. Find the latest F1 news and news from other motorsport series at RacingNews365.com, the world’s leading independent F1 website providing daily F1 coverage.