Wagering on U.S. races

Wagering on U.S. races during the month of November experienced nearly an eight percent decrease and purses also saw a similar decline compared to a year ago, according to information released by Equibase on Friday. Total wagering of $848,116,672 on races during the month represented a 7.93% decrease over the same period from 2024, while available purses of over $118 million were lower by 7.76%. The figure of over $111 million for paid purses in November was also down by 7.49%. As for the total number of race days, they...

In what is becoming a familiar trend for the sport of horse racing in North America, betting in 2024 declined by 3.35%. According to figures released Friday by Equibase, $11,265,210,514 was the all-sources yearly handle for 2024 for U.S. racing, down from 2023's total of $11,655,726,020. Handle was last up in 2021, but that was an outlier because those numbers were going up against 2020 figures when the pandemic shut down much of the sport. Prior to that, the last handle increase was in 2018. The more alarming trend is...