Breeders’ Cup – Harnessing Your Wealth

Historic Horse Racing in Wyoming with Eugene Joyce (EP 58)

By Harnessing-Your-Wealth | July 2, 2025

In today’s episode, Billy Peterson and Eugene Joyce discuss the evolution and revitalization of horse racing in Wyoming. They explore Eugene’s journey from Manhattan to Wyoming, the impact of the historic racing bill on the industry, the growth of horse racing as a significant economic contributor, and the importance of engaging younger generations through ownership opportunities. The discussion highlights the community aspect of horse racing and the future prospects for the industry in Wyoming.

Highlights Include:

Eugene Joyce’s journey from Manhattan to Wyoming shaped his passion for horse racing.
The historic racing bill has transformed Wyoming’s horse racing industry.
Horse racing in Wyoming has grown into a $200 million industry.
Incentives for breeding and racing have significantly increased in Wyoming.
Ownership opportunities can attract younger generations to the sport.
The future of horse racing in Wyoming looks promising with ongoing developments.
And more!

Previous Episodes of Interest:

About our Guest:

Eugene Joyce has been involved in horse racing which began under the tutelage of his father, the late, great race track owner/operator Joe Joyce. Eugene was general manager at Wyoming Downs from 1992 through 1998. There, he oversaw the racing, mutuels, food service, advertising, promotions, and press relations departments. He also headed lobbying efforts with state legislatures and negotiated simulcasting contracts.

After working alongside his father at Wyoming Downs, he was hired by Lone Star Park where he helped produce the successful 2004 Breeders’ Cup. Eugene also worked at Arlington Park and Sunray Park and Casino and most recently operated the Wyoming tracks – Sweetwater Downs, Energy Downs, and the Central Wyoming Fairgrounds. He was an active racing Committee member and past chairman of the graded stakes sub-committee for the American Quarter Horse Association.

Joyce also has extensive experience in sports sales & marketing. The graduate of Marquette University held positions with Host Communications, Turner Broadcasting Systems, and Madison Square Garden Network before venturing into horse racing.

“Our industry more than any other, is built on hope,” Joyce said. “And the success of historic horse racing has led to greater purses, greater breeder incentive money, and that’s really fueling what’s going on in this state right now.” – Eugene Joyce

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The Thrill of the Race: Insights from Andrew Offerman (Ep. 56)

By Harnessing-Your-Wealth | June 4, 2025

Billy Peterson and Cade Peterson discuss the current state of horse racing with Andrew Offerman, Senior Vice President of Racing at the New York Racing Association. They discuss the excitement surrounding major races like the Belmont Stakes, the challenges of hosting events at alternate venues, and the importance of engaging younger audiences through influencers and educational initiatives. The discussion also touches on the emotional highs and lows of racing, the economic impact of the industry, and the need for transparency and integrity in the sport. Andrew shares insights on how to get involved in horse racing, whether as a fan or an owner, and the efforts being made to simplify betting for newcomers.

Takeaways

The Belmont Stakes is a significant event with a unique history.
Hosting major races at alternate venues presents challenges.
Horse racing is experiencing a resurgence in popularity.
Influencers can attract a new audience to the sport.
Every race win is a special experience for participants.
Youth engagement is crucial for the future of racing.
The economic impact of horse racing is substantial.
Transparency and integrity in racing are essential.
There are various pathways to get involved in horse racing.

About our Guest:

Andrew Offerman | SVP, Racing and Operations

As Senior Vice President of Racing and Operations, Andrew Offerman is responsible for the leadership and oversight of racing functions at NYRA including the development, planning, and execution of NYRA’s stakes program, marquee events and live racing offerings at Aqueduct Racetrack, Saratoga Race Course and, when complete, the new Belmont Park. Additionally, he oversees several of NYRA’s general frontside operating departments including mutuels, parking, programs, security and cleaning.Prior to NYRA, Offerman served as Senior Vice President of Racing Operations at Canterbury Park in Shakopee, Minnesota. In this role, he was responsible for the direct oversight of Canterbury’s racing office, wagering, track maintenance, security and other operational departments supporting live and simulcast racing operations. Offerman holds an advisory and governance position with the University of Arizona Race Track Industry Program (RTIP) Advisory Committee and previously served in similar capacities with the Thoroughbred Racing Associations of North America (TRA); American Quarter Horse Association (AQHA) Racing Committee, and the Thoroughbred & Quarter Horse Breeders’ Fund Advisory Committees of the Minnesota Racing Commission. A native of Minneapolis, Offerman earned an M.S. degree from the University of Arizona Race Track Industry Program (RTIP) and holds a B.A. from Gustavus Adolphus College.

Previous Episodes of Interest:

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NYRA: Andrew Offerman

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From Drywall to Derby: Pierre Amestoy’s Journey into Horse Racing (Ep. 17)

By Harnessing-Your-Wealth | August 15, 2023

For centuries, horse racing has captivated enthusiasts worldwide.

However, beyond the flashy and glamorous racetrack, the industry intersects heavily with the business world.

In this episode, Billy and Cade Peterson chat with Pierre Amestoy, a prominent figure in the horse racing industry. Pierre shares his story, from working in the family drywall business to having a successful business in the construction industry and what led him to enter the horse industry. Additionally, Pierre emphasizes the importance of putting money to work, pursuing passions, and taking risks.

Pierre discusses:

How he got involved in horse racing, the challenges of the industry, and his success with buying and selling horses
The qualities of successful horse trainers and the significance of a winning attitude
Why he chose to amalgamate his drywall business with land development
The risks faced by business owners due to inflation and rising interest rates
The importance of finding something that makes you different from your competition
And more!