Thoroughbred Economic Indicators

Wagering Up, Purses Down Slightly During October That Included Preakness

As a service to the industry and in consideration of the economic changes due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its Economic Indicators Advisories. The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year. October 2020 vs. October 2019 Indicator October 2020 October 2019 % Change Wagering on U.S. Races* $929,063,211 $776,071,164 +19.71% U.S. Purses $90,845,317 $91,981,753 -1.24% U.S. Race Days 340 334 +1.80% U.S. Races 2,852 2,754 +3.56% U.S. Starts 22,410 22,176 +1.06%...

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Thoroughbred Racing Economic Indicators for August Announced

Editor's Note: As a service to the industry and in consideration of the economic changes due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its Economic Indicators Advisories. The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year. * Includes worldwide commingled wagering on U.S. races. August 2020 vs. August 2019 Indicator                                              August 2020 ...

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Handle Rebounds in June

According to figures supplied by Equibase, total wagering on U.S. races rose slightly in June, a welcome development after handle plummeted in March, April and May, the months when racing was most impacted by the coronavirus. A total of $998,448,300 was bet during the month, a 0.76% increase over 2019 numbers. Handle was off by 30.16& percent in May, 24.42% in April and 22.8% in March. The improved handle numbers were the result of more racetracks opening up, albeit most without fans allowed in the stands. The number of races...

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Economic Indicators Down in May from 2019

The Thoroughbred Racing Economic indicators for the month of May released by Equibase Thursday reflected the effects of the coronavirus pandemic, which halted racing in March. Including worldwide commingled wagering on U.S. races, wagering was down 30.16% ($908,504,654) from May of 2019 (1,300,923,869). Other figures that showed marked decreases in 2020: • U.S. Purses - $31,971.002 (-72.39%) • U.S. Race days - 123 (-450) • U.S. Races - 1,059 (-70.99%) • U.S. Starts - 9,145 (-64.77%) Figures which showed increases over the corresponding period in 2019 included: Average Field Size,...

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Wagering Plummets By 22% in March

With only a handful of tracks still racing due to the coronavirus, wagering on the sport took a huge hit in the month of March, falling by 22.58% over 2019 figures. A total of $731 million was bet during the month, a $214 million drop from 2019 figures. The numbers were released Friday by Equibase. "Obviously, it was a tough month," said NTRA President and CEO Alex Waldrop. "As damning as these number appear, the No. 1 priority right now is the health and safety of our employees. We're like...

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