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NTRA's Chamblin Outlines Work Benefitting Horseplayers

It won't be long before horseplayers experience simplified, fairer reporting and withholding on pari-mutuel proceeds. After months of advocacy, and with the help of thousands of horseplayers like you, we are nearing implementation of long-sought tax code changes to benefit horseplayers.      

The changes that the U.S. Treasury Department and the Internal Revenue Service issued late last year came about with input from our players and mirrored almost exactly the recommendations made by the NTRA. 

These new rules will positively affect every segment of horse racing, especially horseplayers, whose wagering dollars fuel the sport and its agri-industry. While we await implementation, NTRA continues to work with racetracks, tote companies, advance deposit wagering operators and other industry organizations to ensure a smooth rollout.   



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