handle

TIF Special Report: Racing Not Only For the Elite

Instead of #FreeDataFriday, the Thoroughbred Idea Foundation is released a special report: "Racing Not Only For (the) Elite," which focuses on wagering and the horseplayer, The TIF stated that: "The report is the culmination of months of research, conversations across informed pockets of the industry and extreme frustration. The frustration is grounded in an assessment of the current state of racing when combined with the realization that the industry commissioned a detailed study that identified these current issues 16 years ago, when their impact was far smaller than it is...

[ Read More ]
Handle Off to Strong Start at Spa with Help of Increased TV Exposure

SARATOGA SPRINGS, N.Y. - At the very bottom on the left-hand side of the daily recap sheet you can find the answer to why the New York Racing Association opted to run at Saratoga this fan-free summer instead of staying downstate and operating at Belmont Park: All Sources Handle. Though they were acutely aware that New York State's COVID-19 protocols prevented spectators from attending professional sporting events, NYRA officials projected that handle on Saratoga racing would be stronger than on 40 days at Belmont. The early returns are showing they...

[ Read More ]
Belmont Generates Over $67.7M in Handle

Saturday's 12-race GI Belmont S. day card, featuring six graded stakes, generated all-sources handle of $67,753,336. All-sources handle on the Belmont itself, carded as Race 10, was $34,088,475. The 2019 all-sources handle was $102,163,280, a NYRA record for a non-Triple Crown year. To align with required health and safety measures implemented in New York to mitigate risk and combat the spread of COVID-19, the Belmont card was held without spectators in attendance.

[ Read More ]
Will Rogers Meet Concludes with Huge Wagering Gains as Expected

   Cherokee Casino Will Rogers Downs in Oklahoma, one of the handful of North American racetracks that was able to continue racing throughout the worst of the COVID-19 pandemic, concluded its meet May 20 with significant handle increases, as expected. More than $131 million was wagered in total (from 17 more races than in 2019) for a 687% increase over the $16.8 million bet the previous year. "Our racing shifted steadily toward center stage this spring. I am very proud that we were able to complete our season safely," said...

[ Read More ]
Handle Falls 24.42% in April

With the majority of U.S. tracks unable to race in April,  total pari-mutuel handle during the month fell by 24.42%. Bettors wagered $639 million during the month after wagering $845 million during April 2019. The numbers were provided by Equibase. It has been a roller coaster year for betting on U.S. racing. After posting an 11.8% increase over the months of January and February, handle fell by 22.8% in March when most tracks were forced to close. For most of April, there were only five Thoroughbred tracks racing, but several...

[ Read More ]
How Much of the Wagering Dollar Actually Goes to Horsemen?

The following is an abridged version of the Thoroughbred Idea Foundation's #FreeDataFriday entry for this week. The full version can be read at this link. Here is a simple question: How much revenue does a horse race produce for the horsemen running horses in that race? The answer is incredibly complex, and in many jurisdictions, almost impossible to discern. A publication from the Thoroughbred Owners of California in 2016 offers a glimpse into an answer, at least for races run in that state. While these numbers are likely to have...

[ Read More ]
Open Letter to the Industry: #FreeDataFriday – A California Wake-up Call

We cannot say this any simpler: American racing does not have a fair and equitable split of the takeout dollar, it has overly and foolishly relied on alternate sources of gaming to supplement purses. So, we remind you--whether you are for or against a 'federal bill,' a Jockey Club member, a commercial breeder, a small syndicate member or anything in between--the status quo is untenable. Something must change. The economics for the sustainability of racing are all askew. ADWs aren't bad--our business REALLY needs them, particularly now. Their percentage of...

[ Read More ]
Open Letter to the Industry: #FreeDataFriday – Pandemic Exposes Broken Model

This text is an abridged version of today's Free Data Friday release from the Thoroughbred Idea Foundation. Read the full version here. As the famous proverb goes--the best time to plant a tree was 20 years ago. The second-best time is now. Despite few tracks going forward in recent weeks and little to no competition for wagering, Oaklawn and Gulfstream have reduced purses, blaming the loss of subsidies from now shuttered casinos and the lack of on-track handle. Oaklawn set a new record for single day handle last Saturday, with...

[ Read More ]
Open Letter to the Industry: Marshall Gramm

Editor's Note: the following is part of the Thoroughbred Idea Foundation's weekly `Free-Data Friday' series. #FreeDataFriday-VOLUME 18: GRAMM: THE ONE WAY TO ENSURE RACING'S LONG-TERM SURVIVAL While this weekly feature has routinely covered issues related to data horseplayers consume or are offered at outrageous price points, the economist inside of this horseplayer, horse owner and breeder is left to ponder how the greater racing industry has collectively ignored years of troubling trends in the data the industry reports itself. After a modest uptick in annual wagering on Thoroughbred races from...

[ Read More ]
Handle Figures Show Revamped Saratoga Dates Working

News Analysis When NYRA reached the halfway point of its 2019 Saratoga meet Wednesday, all-sources handle was $320,684,714, or 2.3 percent higher than the number posted after the 20th racing day a year earlier. While that may seem like only a minor increase in handle, the number is more impressive than it may look on paper. For several reasons, comparing Saratoga 2019 vs. 2018 is like comparing pineapples to watermelons, but there is a key factor involved in those numbers that tells you just how well NYRA has broken out...

[ Read More ]