Fonner Park wants to install at least 50 historical horse racing terminals at its racetrack in Grand Island to bolster sagging revenues.
How do the terminals work?
Wagers are placed on previously run horse races, using terminals that resemble, but are different from, traditional slot machines.
The terminals that Fonner Park wants to use are made by PariMAX, a subsidiary of AmTote, which provides wagering kiosks for Thoroughbred racetracks. AmTote has worked with Fonner Park for 66 years.
How do players place bets?
A player inserts cash or a voucher into the terminal to begin play. One play involves making bets on a collection of races drawn from a library of 10,000 races.
Players may view factual past performance data to handicap races or make automated picks based on betting odds. But the identities of horses, trainers, jockeys and tracks are hidden.
Depending on the requirements of a particular game, players may be required to make first-, second- and third-place selections, or some combination of those. Once bets are placed, players press a button to see the race results.
Do players watch the races?
They can choose to watch video of the actual race or get the results instantly. At that point, the player may opt to see the date and location of the actual race.
A race can be played in as few as four seconds if the player chooses to receive instant results, or as long as 10 minutes if the races are viewed in their entirety.
How do you win?
A player wins by picking the correct horses. As per Nebraska parimutuel statutes, winning wagers are paid from losing wagers within the parimutuel pool of bettors at Fonner Park.
The terminal issues a voucher for any winnings, which are collected from a cashier’s station.
— Source: Fonner Park