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Get the free Pari-mutuel, adw, and simulcasting committee meeting - California ... - chrb ca

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STATE OF CALIFORNIA- BUSINESS, CONSUMER SERVICES, AND HOUSING AGENCY EDMUND G. BROWN JR., GOVERNOR CALIFORNIA HORSE RACING BOARD 1010 Hurley Way, Suite 300 Sacramento, CA 95825 www.chrb.ca.qov (916)
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Who needs pari-mutuel ADW and simulcasting?

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Horse racing enthusiasts: Pari-mutuel ADW and simulcasting allow individuals who cannot physically attend horse races to still participate in the betting and wagering process. This can be especially beneficial for those who are unable to travel to racetracks or live in areas without local racecourses.
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Gamblers and bettors: Pari-mutuel ADW and simulcasting provide the opportunity for individuals interested in horse race betting to place their wagers remotely through an ADW platform or by accessing simulcast feeds from different racetracks. This convenience allows bettors to engage in the excitement and potential profits of horse race gambling from the comfort of their homes or other locations.
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Horse racing industry professionals: Pari-mutuel ADW and simulcasting are essential tools for horse racing industry professionals, including trainers, owners, and jockeys. ADW platforms enable them to track and manage their horses, view race results, and place wagers on upcoming races. Simulcasting provides them with the means to expand their reach and appeal by broadcasting races to audiences beyond the physical racetrack.
Overall, pari-mutuel ADW and simulcasting cater to a wide range of individuals, from horse racing enthusiasts looking for convenient betting options to professionals in the industry seeking enhanced opportunities for participation and engagement.
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Pari-mutuel ADW (Advanced Deposit Wagering) is a form of online horse race betting where bettors can fund their accounts in advance and then place bets directly from their account. Simulcasting is the process of broadcasting live horse races at one track to other tracks and off-track betting facilities.
Pari-mutuel ADW operators and simulcasting facilities are required to file pari-mutuel ADW and simulcasting reports.
Pari-mutuel ADW and simulcasting reports can typically be filled out online through the designated regulatory platform provided by the relevant racing authority.
The purpose of pari-mutuel ADW and simulcasting is to facilitate off-track betting and increase the reach of horse race wagering to a wider audience.
Pari-mutuel ADW and simulcasting reports typically require information on total handle, total wagering revenue, commission rates, and other relevant financial and operational data.
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