LEXINGTON, Ky. (September 22, 2021) ― The National Thoroughbred Racing Association (NTRA) today confirmed that Bank of America, the second-largest bank in the United States and one of the largest [...]
FOR IMMEDIATE RELEASE Contact: Keith Chamblin at (859) 621-1120 or kchamblin@ntra.com MODERNIZED TREASURY/IRS REGULATIONS LEAD TO NEARLY 90% REDUCTION IN WINNING PARI-MUTUEL WAGERS SUBJECT TO REPORTING AND WITHHOLDING Winning [...]
Contact: Keith Chamblin, kchamblin@ntra.com or (859) 621-1120 NEWLY ENACTED IRS REGULATIONS RESULT IN DRASTICALLY REDUCED REPORTING AND WITHHOLDING FOR HORSEPLAYERS AT BREEDERS’ CUP WORLD CHAMPIONSHIPS LEXINGTON, Ky. (Monday, November 6, 2017) [...]
by: Chris Larmey On Wednesday, the IRS announced new regulations regarding the withholding and reporting of pari-mutuel proceeds that will significantly help horseplayers and the entire racing industry. Just [...]
Updated regulations regarding the withholding and reporting of pari-mutuel proceeds adopted by the U.S. Treasury Department and the Internal Revenue Service (IRS) became official, as expected, with their publication in [...]
The U.S. Treasury Department and the Internal Revenue Service (IRS) today announced that they will formally adopt modernized regulations regarding the withholding and reporting of pari-mutuel proceeds. The National [...]
Contact: Keith Chamblin, NTRA, (859) 621-1120Twelve Congressmen Sign Letter Urging Treasury to Enact RECENTLY Proposed Tax Reporting, Withholding RegulationsLEXINGTON, Ky. (Wednesday, April 12, 2017) – Twelve members of Congress from [...]
To all Thoroughbred horseplayers and racing fans, The final quarter of last Sunday’s incredible Super Bowl has me thinking about how no lead is ever safe and no race [...]
The NTRA asked Steven Crist to answer some questions regarding the proposed new U.S. Treasury Department regulations relating to reporting and withholding requirements for racetrack winnings. Crist, former CEO [...]
