Business and Commerce

In 2014, (Image: Phil Parsons Racing)

NASCAR Cryptocurrency Sponsorships: Crashes and Cashes

NASCAR driver Stephan Parsons didn’t have much luck with his cryptocurrency-sponsored car. The “DogeCar” crashed on lap 71 during Saturday’s Xfinity race, but that won’t be the last of the DogeCar or NASCAR’s relationship with cryptocurrency. Cars have been sponsored by everything from adult diapers to rock bands. So, NASCAR’s […]

A proposal merging fantasy sports and pari-mutuel wagering could be the first step toward sports wagering in the Golden State. (Image: Ethan Miller/Getty)

California Could Merge Fantasy Sports and Pari-Mutuel Wagering

Fantasy sports meets pari-mutuel wagering and spawns visions of an endless revenue stream for California. That’s the dream, and an actual possibility, by this coming August if a proposal by the California Association of Racing Fairs (CARF) gains traction with the California Horse Racing Board. CARF officials presented the proposal […]

Historic Horse Racing machines like these in Virginia are headed to Louisiana and New Hampshire, after both states approved legislation for the slot-like machines. (Image: Rosie's Gaming Emporium)

Louisiana, New Hampshire Latest States Welcoming HHR Machines

Two more states joined the Historical Horse Racing machine parade this week, when Louisiana and New Hampshire passed legislation approving HHR machines. On Tuesday, the Louisiana Senate passed SB 209 by a 32-3 vote. That gives off-track betting facilities license to install up to 50 HHR machines per OTB facility. […]

You'll see December post parades at Oaklawn Park this winter if the Arkansas Racing Commission approves the track's proposed meet extension. That would push Oaklawn's opening date from late January to early December. (Image: Coady Photography)

Oaklawn Park Proposes Meet Extension Into December

Oaklawn Park announced a proposal for a historic extension of its racing season Monday, adding December race dates to its calendar to create a 66-day season at the Arkansas track. Under the proposal, Oaklawn would open its meet Friday, Dec. 3, 2021 and run through Sunday, May 8, 2022. By […]

Beckett Grading Services announced this week that starting on Monday it will stop taking most submissions so it can clear its backlog. (Image: Beckett)

Beckett Grading Services Pauses Most Options to Clear Backlog

Following the lead of PSA, which also saw overwhelming demand, Beckett Grading Services will stop accepting most card grading submissions on Monday as it works to clear its backlog. The company made the announcement on its website this week, in a post discussing its plans for the National Sports Collectors […]

Because he's a horseman at his core, Jim "Mattress Mack" McIngvale made sure to wager his entire $2.4 million on Kentucky Derby favorite Essential Quality at Churchill Downs. (Image: Kentucky HBPA/@KyHBPA)

‘Mattress Mack’ McIngvale Believes Where You Bet the Horses Matters

When Jim “Mattress Mack” McIngvale was looking for a site on which to drop a $2.4 million wager on Essential Quality to win the Kentucky Derby, he remembered what he was at heart. McIngvale has been called many things over the years. An entrepreneur. A furniture magnate. A media darling, […]

Fans will be welcomed back to historic Saratoga Race Course this summer. All they have to do is show proof of COVID-19 vaccination to access most of the storied track. (Image: NYRA Photo)

NYRA Giving Vaccinated Fans a Shot to See Racing at Saratoga

The New York Racing Association and the State of New York want to give racing fans seeking a seat at storied Saratoga this summer a literal shot in the arm. All eager fans have to do for a shot at visiting the famed track is to get a COVID-19 shot. […]

Trainer Leonard Powell, seen here with jockey Rafael Bejarano after the pair won the Cougar II Handicap at Del Mar in 2018, put in a record $150,000 claim for a 3-year-old filly Saturday. (Image: Benoit Photo)

Trainer Powell Puts In Santa Anita Park Record $150K Claim on Filly

Trainer Leonard Powell set a Santa Anita Park claiming record last Saturday when he put in a $150,000 claim for Nimbostratus, a 3-year-old French-bred filly. Powell’s claim destroyed the previous record of $125,000, set in 1997. Santa Anita fielded three $100,000 claims this meet — remarkable numbers, even at one […]

This 1933 Goudey Babe Ruth card graded Mint 9 by PSA could break auction records this summer (Image: Memory Lane Auctions)

Babe Ruth Baseball Card Auction Could Top Records

One of the world’s most valuable sports card collections will soon go up for auction, and a famed Babe Ruth baseball card from the lot could break sales records, experts say. Dr. Thomas Newman, a Florida neurologist, died at age 73 in January from complications caused by COVID-19. His wife, […]

Allyson Felix competes in the 400 meters during the 2019 USATF Outdoor Championships. It was Felix' first competition donning Gap's Athleta brand after her deciding not toresign with Nike. (Image: Andy Lyons/Getty)

Sportswear Roundup: UA Fined, Gap Rising, Nike Dissed Again

Nike lost another high-profile deal as Olympic gymnast Simone Biles signed with the Gap’s Athleta brand. Earlier this year, Kobe Bryant’s estate failed to renew its longstanding deal with Nike. Meanwhile, Under Armour was fined $9 million for misleading investors. Nike can’t be happy with the defection of two gold […]

Trainer Bob Baffert and his prize Triple Crown charge, American Pharoah. In the wake of Baffert's latest failed medication test, Spendthrift, the large Kentucky breeding farm removed some horses from Baffert's barn. (Image: Susie Raisher/NYRA)

Breeding Goliath Spendthrift Farm Pulls Horses from Baffert’s Barn

The fallout from trainer Bob Baffert’s latest failed medication test took a troublesome turn for the Hall of Fame conditioner when breeding colossus Spendthrift Farm removed several horses from his barn. The Daily Racing Form reported that Spendthrift’s Following Sea was transferred to Todd Pletcher’s barn. Along with that, Spendthrift […]

Investors can buy shares of DFS operator DraftKings as of Friday after the company went public on the Nasdaq exchange. (Image: Boston Globe)

DraftKings Stock Tanks Despite Positive Earnings Report

It appears that good news doesn’t always prompt positive results. At least that’s what happened at DraftKings, which saw its stock tumble early this week despite a better-than-expected first-quarter earnings report. The company reported a loss of 36 cents per share, better than the 41 cents per share that analysts […]

Former Charlotte Hornets player Muggsy Bogues joined other athletes and professional sports team executives this week in advocating for sports betting in North Carolina. (Image: HowTheyPlay.com)

Former Hornets Players Support North Carolina Sports Betting Effort

Two former members of the Charlotte Hornets have joined the fight for legalizing sports betting in North Carolina. Muggsy Bogues and Dell Curry joined team president Fred Whitfield, as well as Carolina Hurricanes president Don Waddell, in visiting with state lawmakers to tout the benefits of legal wagering in the […]

More people watched Bob Baffert lift his seventh Kentucky Derby trophy than watched Oscar winners lift theirs. NBC reported strong viewership for Medina Spirit's Derby upset. (Image: Churchill Downs/Coady Photography)

Better than the Oscars? Kentucky Derby Ratings Jump from 2020

NBC Sports announced strong ratings for Saturday’s telecast of the 147th Kentucky Derby, producing Total Audience Delivery numbers of 14.5 million viewers for the opening leg of the Triple Crown. Putting those numbers into perspective, the Derby drew better numbers than the final round of the Masters. For the first […]

Ohio state Sen. Kirk Schuring said Monday he plans to introduce a sports betting bill on Thursday. (Image: Canton Repository)

Ohio Sports Betting Bill Coming This Week

A state senator said Monday that he plans to introduce a sports betting bill in the Ohio Legislature on Thursday. Ohio Sen. Kirk Schuring said on 1450 WHBC Monday morning that he’s working “very diligently” on the bill in conjunction with Senate Majority Leader Matt Huffman. “It’s right now 250 […]