USA Online Gambling on Horse Races Thriving

Published Tuesday, November 18, 2014 -
USA Online Gambling on Horse Races Thriving

The sport of kings, namely horse racing has been in decline over the years with the industry suffering from high costs and waning interest from the younger demographic. The tide is turning according to some analysts who claim the interest in horse racing and betting online is coming back.

In America horse racing online is legal and US citizens can legally bet real money on horse races at websites that are licensed and regulated within the United States. Horse and greyhound betting are the only two types of online betting that are exempt from federal gaming statutes in the United States. Each state has the power to decide if it wants to allow online horse betting or not. So even though horse betting is legal at the federal level, it may not be legal on the state level. Most US states allow horse betting, but not all with at least ten of the jurisdictions not allowing it.

The new interest in racing has not gone unnoticed by firms that see the potential in online gambling that involves social aspect on an old and very compelling sport. The application developers such as American based Giddy Apps have come up with DerbyJackpot an app that lets punters place wagers by using major credit cards or bank transfers at as many as 100 race tracks across the States.

Bill, Walter and Tom Hessert  launched DerbyJackpot only a year ago and now a recent round of funding led by Bullpen Capital, raised $6.2 million and has enabled Giddy Apps to attract more than 200,000 players. The company has a high profile address on Broadway in downtown Manhattan New York and has boasted it has processed more than $10 million in bets. Giddy Apps, is now available in 37 states and is attracting the younger player who may have never considered betting on a horse race before. The easy to navigate app makes the experience of betting on the horses that much more fun.



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