Pegasus World Cup a $12M boost to racing

Pegasus World Cup a $12M boost to racing

January 17, 2017 3:09 AM
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Something exciting is happening in horse racing. The Stronach Group, owner of numerous racetracks, has created a new race – the $12 million Pegasus World Cup. The inaugural running will be on Saturday, Jan. 28, at Gulfstream Park in Hallandale Beach, Florida, about 20 miles north of Miami.

Twelve entrants paid $1 million each to buy a spot in the starting gate for the race, the richest in America. And, in addition to competing for their share of the $12 million purse, the entrants will “also share equally in 100 percent of the net income from handle, media rights and sponsorships” from the race, according to a news release on the Gulfstream Park website.

Of course, here in Las Vegas, the race will be simulcast at the racebooks and we will be able to place a bet, which is the main reason for our interest. We hope to pick a winner, perhaps cash an exacta.

To help us with that we will be reading GT’s Steve Davidowitz, who gave some preliminary analysis in his column last week, and consulting closely with co-columnists Richard Saber and Robert Mann as both are very wise in the field of horse racing.

But our handicapping won’t be complete if we don’t attend the seminar that will be held in the racebook at South Point on Friday, Jan. 27, at 6 p.m. It will be hosted by John Kelly and feature Patrick McQuiggan, South Point’s in-house handicapper, and Ralph Siraco, host of Race Day Las Vegas on AM 1400 KSHP. These guys, all excellent handicappers, are sure to have some keen insights into this race.

KUDOS to PGA Commissioner Jay Monahan on standing up for sports betting. In a recent interview with Rich Lerner of the Golf Channel, when asked by Lerner if he would look at sports betting in the future Monahan responded:

“Is it something we look at? Absolutely! We always look at something that other sports are doing, having success with, trends in the industry. It’s something we’ve spent a lot of time on up to this point in time. You look at DraftKings and FanDuel, you look at gaming in the international markets, there’s a lot of opportunity there. There’s some complexity, and that complexity has held us back from moving forward. But we will look at it and have an open mind towards it.”

Monahan, who was previously deputy PGA commissioner and EVP for the Fenway Sports Group, became Commissioner in November.

GET WELL wishes go out to GT online columnist and handicapper Bob Christ. We miss you, Bob, and so do your fans, get well soon.

See you around town.