Does International Simulcast Wagering Reduce Live Handle at Canadian Racetracks

Brad Humphreys and Brian Soebbing

Journal of Gambling Business and Economics, 2012, vol. 6, issue 3, 47-62

Abstract: Consumer interest in horse racing has declined significantly in North America. In an attempt to reverse this decline, additional gambling opportunities, including simulcast betting, have been added at race tracks. This paper investigates the impact of simulcast betting on live racing handle at Canadian horse racetracks. Using data from the 18 largest Canadian racetracks over the period 1999 through 2006, IV results indicate that increases in remote wagering opportunities in Canada lead to small positive increases in live handle. Simulcast betting opportunities do not cannibalize live wagering, rather they increase live wagering.

Keywords: Gambling; Horse Racing; Simulcast; Determinants; Handle; Canada (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2012
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Journal of Gambling Business and Economics is currently edited by Leighton Vaughan Williams, Nottingham Business School

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