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This included the Scottsdale golf course where the PGA Tour holds its annual event, and the racetrack where NASCAR races twice a year. But a typo in the new bill indicated that any “motorsports event” or “collector car auction” event with an average attendance of 150 would qualify for a sports betting license.

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$149.9 million was wagered on the race in 2019, beating the previous record amount of $139.2 set 12 months earlier. In the most basic horizontal wager, an exacta, the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses. Some big races, like the Kentucky Derby, will have a field up to 20 horses.

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