The operator of Rio de Janeiro’s Hipódromo de Gávea, Jockey Club Brasileiro (JCB), has signed an agreement with four US bookmakers to broadcast live races. The racetrack resumed its activities in May and has set record figures since then.
Pari Bet, GWG Las Vegas, XpressBet and Elite Turf Club NV will broadcast live races from the Rio racecourse, starting this month. They will also allow the local public to place bets on these events, as JCB reported in a statement published by BNL Data.
Once the international protocol development process is completed, JCB will act as host and will receive bets collected by those sites. Initially, players will be able to bet in six different modalities.
“JCB is taking another important step, not only in technological terms, but also because we’re expecting an increase in betting volume,” said the operator.
Gávea registered over $160k in its last July race, which is approximately double what it had raised in the first week of reopening. The Rio racetrack achieved record figures in online betting, mobile devices, through accredited agents and in person. These numbers represent a significant improvement for Brazilian racetracks, as they had suffered an 80% drop in revenue between March and May.
In its first week of reopening, the racecourse totaled $82.6k in bets, while on July 19 that number increased to $150k. The authorities hope to reach the million mark in bets made during August races, especially since Special Tribune A, which allows people to bet in person, has been reopened.