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Does International Simulcast Wagering Reduce Live Handle at Canadian Racetracks

Author

Listed:
  • Brad Humphreys

    (University of Alberta)

  • Brian Soebbing

    (Louisiana State University)

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.

Suggested Citation

  • Brad Humphreys & Brian Soebbing, 2012. "Does International Simulcast Wagering Reduce Live Handle at Canadian Racetracks," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(3), pages 47-62, December.
    • Handle: RePEc:buc:jgbeco:v:6:y:2012:i:3:p:47-62
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    File URL: http://www.ubplj.org/index.php/jgbe/article/view/612
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    More about this item

    Keywords

    Gambling; Horse Racing; Simulcast; Determinants; Handle; Canada;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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