The North Dakota Racing Commission (NDRC) has approved a new horse racing pool betting product which has been developed by 123gaming in conjunction with Sportech’s US-facing business Sportech Racing.
123racing, a subsidiary of licensed advance deposit wagering (ADW) operator 123gaming, said that the new pari-mutuel game introduces an innovative wager similar to the traditional Pick-6 game, but with a competitive element.
The game, known as the 123racing wager, has been designed to provide new interactive content for handicappers, and stimulate handle for operators. It also enables wagers to be placed at participating racetracks and OTBs (off-track betting) operators, as well as online.
It follows the signing of a service agreement last year with Sportech to roll-out the pari-mutuel pools product across the company’s US tote network.
Following the approval by the MDRC, licensed ADW operators will be able to integrate the pool game, which will also be launched as a fully functioning ADW site at 123bet.com. The site has been developed by Sportech subsidiary eBet Technologies.
Gunner LaCour, director of the North Dakota Racing Commission said: “We are delighted to be working with 123gaming in readily changing the US horse racing market by offering the 123racing wager through North Dakota.
“North Dakota provides highly regulated licensure for multi-jurisdiction online ADW companies, and we are supportive of Sportech and 123gaming bringing product innovation to the horse racing industry both nationally and internationally. It is our hope that 123gaming’s contest wager type will further support live horseracing as an entertainment destination and social experience.”
Unlike standard pari-mutuel pools, 123racing pools are hosted centrally by 123gaming who pass on the equivalent of the host fee collected from guest wagering venues to the racetrack supplying racing content for the pool. The game has also been approved for hosting in Pennsylvania.
“The North Dakota Racing Commission has been very supportive, and we are excited to be able to showcase the 123racing wager online and grow the pools for those participating racetracks,” said 123gaming CEO Robert Earle. “We are looking forward to increasing participation and reaching new fans.”
123gaming holds a multi-jurisdictional online ADW license in North Dakota following approval earlier this year.
The company has deployed free-to-play handicapping Survival Challenge and non-elimination contests in the US for customers such as Monmouth Park, The Meadowlands, Remington Park and Emerald Downs.
It has also developed the 123racing Pick-N wager game which is available to participating Sportech customer racetracks via tellers and self-serve terminals, and will also be rolled out online.