The following is partner content from 307 Horse Racing
Horse racing in Wyoming is about to get a major boost with the grand opening of a new off-track betting (OTB) location in Rock Springs on Wednesday, Oct. 25.
307 Horse Racing, Wyoming’s only locally-owned and operated horse racing company, is opening its ninth “Derby Club” location in the state,and to celebrate the company will donate the first weekend’s bar sales to the Red Desert Humane Society — a nonprofit dedicated to the placement of previously homeless animals in new, loving environments.
Jack Greer, the CEO of 307 Horse Racing, said giving back to the community is something the organization is well-known for.
“When we enter into a community, not only do we create high-paying jobs and first-class entertainment facilities into the town, but we like to signal — from the beginning — that we plan on giving back from day one,” Greer said.
“We are committed to economic development and being a part of the town,” he said. “That’s just a part of who we are.”
As for the selection of the Red Desert Humane Society, Greer said it is a wonderful organization that is close to his heart.
“Pets are part of the family,” he said. “And to these cats and dogs who were part of a family, we want to help in the effort to get them rehomed to a loving environment.”
What’s Inside A Derby Club
Greer said Rock Springs residents can look forward to a first-class facility at the Derby Club, just like the others across the state.
Patrons will be able to bet in two ways. There’s live horse racing from all over the world and simulcast on monitors throughout the facility.
And then there is Historical Horse Racing. That’s where bettors can place bets on terminals that look like traditional casino games but are actually much different.
Each spin generates a horse race which has already happened at one of many tracks around the world. The game functions like if you were placing a wager at any horse racing event.
That means, just like in real horse racing, patrons can win big. One winner hit a jackpot of more than $244,000 in their first year.
“We’re really proud of our facilities,” Greer said. “The latest terminals, the friendliest service, and the nicest bars.”
“We’re committed to a first-class experience for everyone. That means a safe, clean, friendly and fun experience for all,” he said.
Economic Development
The Derby Club will create 20 new full-time jobs in Rock Springs and brings the total amount of direct jobs 307 Horse Racing generates to more than 260.
“The money stays here in Wyoming, helping to pay for the breeding, training, riding and racing of our horses,” Greer said. “There’s also tax revenue to the state and municipalities, plus employment and other local economic benefits. It’s great for all of us.”
Greer said 307 Horse Racing contributes roughly $100,000 per month to the state of Wyoming budget, $100,000 a month to the Legislative Stabilization Reserve Account, $402,000 a month to local government budgets, and $160,000 per month to the Wyoming Breeders Award Fund.
Who Is 307 Horse Racing?
307 Horse Racing was founded by horsemen for horsemen.
The company was created by the Greer family, longtime Wyoming natives, ranchers and horsemen who were concerned that opportunities allowed by law were not being fully realized for the betterment of the agricultural community, the state and its localities.
In 2021, CEO Jack Greer teamed with Bob Moberly and Kyle Ridgeway of Casper-based WERCS, to add financial firepower to the plan to help rejuvenate a core Wyoming business that uniquely revolves around horses and the horse industry.
WERCS is an organization committed to investing in Wyoming based companies and keeping money in Wyoming. It is the main driver of the 307 First initiative in Wyoming, which was recently highlighted in this article.
“307 Horse Racing is a perfect investment for us, it hits all the markers of a 307 First company, its creates jobs, helps diversify Wyoming’s economy, and keeps our money here to be reinvested, instead of flowing out of state,” said WERCS Chief Operating Officer Kyle Ridgeway.
307 Horse Racing also has facilities in Gillette, Sheridan, Casper, Rawlins, Cheyenne, Riverton and Douglas.
Fun Facts
- 307 Horse Racing ran the first $100,000 horse race in Wyoming since the legalization of Historical Horse Racing.
- 307 Horse Racing has ran the most races in a single day in Wyoming History — 20.
- 307 Horse Racing has distributed the most purse money in a single day in Wyoming History = $342,500
