Wyoming Gets More Historical Horse Racing With Exacta Partnership

Written By J.R. Duren on January 16, 2023
Wyoming Downs signs deal with Exacta Systems for HHR terminals

Wyoming loves its horses. This week, gaming company Exacta Systems signed a deal with Wyoming Downs.

The partnership brings Exacta’s historic horse racing (HHR) terminals to Wyoming Downs’ off-track betting facilities. The deal further expands the Wyoming casino market’s booming HHR sector.

Wyoming Downs COO Rick Cook said Exacta’s HHR machines are a welcomed addition to the company’s wide range of HHR offerings.

“Exacta excels in its ability to offer gaming operators the opportunity to connect to the industry’s leading third-party game manufacturers. With game titles from leading manufacturers like IGT, AGS, Incredible Technologies and Gaming Arts, we are excited to have Exacta as our HHR partner.”

Exacta has 14 OTB sites across Wyoming casino market

The Wyoming Downs partnership is an important one for Exacta. Wyoming has one of the biggest OTB networks in the state.

The company’s 14 OTB sites generated nearly $600 million in handle in 2021, per the most recent revenue report from the Wyoming Gaming Commission. Exacta now has access to that big pot of revenue.

As a prominent player in the US HHR market, the company should settle into Wyoming’s HHR market just fine.

“Exacta Systems has been a driving force behind the HHR industry for over seven years now, and we are proud to continue our growth with such a well-respected partner like Wyoming Downs,” Exacta Vice President of Sales Jeff Clifford said.

Wyoming deal is latest in a string of wins for Exacta

Exacta operates in five states now:

  1. Wyoming
  2. New Hampshire
  3. Kentucky
  4. Virginia
  5. Florida

This past year was a crucial one for the company’s growth. It entered markets in Kentucky and New Hampshire. Also, it struck a deal with hospitality management giant Delaware North.

This past December, Churchill Downs acquired the company for $250 million. All of these moves point to growth for the Florida-based company.

What is historical horse racing (HHR)?

HHR is a type of game in which bettors place bets on horse races that’ve happened in the past. The machines pull from vast libraries of past races. That makes it virtually impossible for a bettor to know the outcome of a race.

For example, Exacta’s HHR systems could pull a 1999 race from Mountaineer Casino Racetrack & Resort (West Virginia), a 1996 race from Rockingham Park (New Hampshire), and a 1995 race from Turf Paradise (Arizona).

Betting takes place as a pool of all bets that bettors have made. Those who bet on horses that finish in the top three share all the money bet. And, in the case with OTB sites, the house takes a cut of the winnings (vig).

Though simple in concept, HHR machines have faced criticism. For example, in Oregon, a gaming facility was shut down because legislators believed that HHR machines were no different than slots.

How? Many HHR machines allow auto-bets. A user can choose the auto-bet function over and over again as if they were playing a slot machine.

And because of that, the anti-HHR crowd believes they’re slots. And as was the case in Oregon, jeopardize the revenue of tribal gaming.

Photo by PlayUSA
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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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