Handicapping Site to Pony Up $500,000 to Pay Horse Racing Tracks
The Stronach Group, operators of horse race tracks across the nation, has cashed in its winning ticket in a settlement and is set to receive $500,000 over the next year from the owners of Derby Wars, a handicapping contest website it sued in 2015.
June 16, 2017 at 03:03 PM
3 minute read
The Stronach Group, operators of horse race tracks across the nation, has cashed in its winning ticket in a settlement and is set to receive $500,000 over the next year from the owners of Derby Wars, a website offering a fantasy game based on horse racing, which it sued in 2015.
The ruling caps two years of litigation that began when the Stronach Group, which operates Santa Anita Park in Greater Los Angeles, Golden Gate Fields in the San Francisco Bay Area and Pimlico in Baltimore, among others, sued Horse Racing Labs. The tracks argued that they should be compensated for providing the competition that the Derby Wars handicapping competition was based on.
“We are very pleased with the outcome of this case,” said Scott Daruty, Stronach's executive vice president of content and media. “We filed this lawsuit to establish the precedent that the racing content generated by racetracks and horsemen cannot be used for wagering purposes without consent.”
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