The Sustainability Algorithm: Balancing CAW Growth With Racing's Long-Term Health

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Horse racing’s betting game isn’t what it used to be. Computer Assisted Wagering (CAW) and lightning-fast algorithms are now a major force in North American pools — changing how bets are placed, how markets move, and how everyday fans experience the action.

This seismic shift raises tough questions about fairness, pool integrity, and the role of rebates. Are recreational horseplayers being left behind? And what responsibility do operators have to put guardrails in place?

  • Pat Cummings, Executive Director, National Thoroughbred Alliance  (Moderator)
  • Scott Daruty, President, Monarch Content Management & Elite Turf Club
  • Dr. Marshall Gramm, Professor of Economics, Rhodes College
  • Eric Halstrom, VP and General Manager of Racing, Horseshoe Indianapolis Racing & Casino
  • David O’Rourke, President & CEO, The New York Racing Association
  • Maury Wolff, Retired Professional Gambler

This session is part of the 51st Annual Global Symposium on Racing, held December 8–10, 2025, at the Loews Ventana Canyon Resort in Tucson, Arizona, and hosted by the University of Arizona’s Race Track Industry Program.

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