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Under IRS rule change due by Nov. 14, reporting and withholding on multi-race and multi-horse tickets will be based on the total amount wagered, not the base amount of the bet.

Here are a few lessons from the first 17 races the #RJhorseracing handicapping group has collectively handicapped at eight racetracks.

Many of horse racing’s varied constituencies fear that the wider adoption of exchange wagering would reduce revenue for the sport. But results from New Jersey indicate they are dead wrong.

In a little more than a year, Betfair has created new, younger fans and increased handle in New Jersey among established players with its system that the New York Stock Exchange with horses instead of shares.