Kentucky Downs: Instant Racing gives meet a boost

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Kentucky Downs Monday brought down the curtain on its 2011 live race meet and posted solid and substantial gains in all areas of its pari-mutuel operations.

Total mutuel handle at Kentucky Downs over the first 19 days of 2011, including the handle from the track’s new Instant Racing operations, was 176 percent greater in 2011 than in 2010.

On-track wagering on live races at Kentucky Downs during the track’s four-day meet increased by 2.9 percent from 2010 to 2011.  Similarly, Kentucky Downs’ total simulcast import handle for the period from September 1 to September 19 was effectively unchanged – bucking an industry trend of double-digit decreases for wagering.


According to Corey Johnsen, Kentucky Downs president, the increases in pari-mutuel handle are directly attributable to the rise in attendance at the track from patrons at Kentucky Downs’ new Instant Racing gaming center.

“The introduction of Instant Racing at Kentucky Downs has brought thousands of new patrons to our facility, many of whom wagered not only on our Instant Racing games but on our live races and in our simulcast center,” said Johnsen.  “Through August of this year, our simulcast import handle was down by more than 10 percent.  The increased patronage at Kentucky Downs for our Instant Racing games clearly has helped other areas of our business.”

Johnsen noted that the only disappointing component of Kentucky Downs’ pari-mutuel handle during its 2011 live race meet was a 19.3 percent drop in simulcast export handle.  Johnsen attributed the decrease to the fact that the Kentucky Downs signal was not offered at California tracks and wagering outlets in 2011 as it had been in previous years.

“Our 2011 live meet gave us a chance to show owners, trainers, jockeys and those associated with the sport what Instant Racing can do for Kentucky’s signature industry,” said Johnsen.  “The opening of our Instant Racing gaming center as well as the expansion of our simulcasting business to a seven-day-a-week operation is at the forefront of our plan to make Kentucky Downs an even stronger member of the Kentucky racing circuit.”

Four jockeys – Greta Kuntzweiler, John McKee, Marcelino Pedroza and Oriana Rossi – shared the leading rider title at the 2011 live race meet with three wins each.  Ian Wilkes was the leading trainer at the meet with two wins, as 28 other trainers sent out winning horses on the one-of-a-kind European style turf course during the 2011 live meet.

2011 KENTUCKY DOWNS LIVE RACING MEET: PARI-MUTUEL HANDLE SUMMARY

Live On-Track Wagering (4 days)                   $313,614      Up 2.9% over 2010 on-track handle

Live Simulcast Export Wagering (4 days)       $3,361,839    Down 19.3% from 2010 export handle

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  • David

    Congratulations to KD. The racing industry’s routine of posting results for the current cycle against the like prior period used to be a good barometer as to how a track was trending. I would submit it is difficult to assess real health from such headlines today. Variables including imported signal activity, number of actual live dates, number of actual races, volume of the basis, recent (2-3 year) trend and the advent of alternative gaming being sold side-by-side have served to convolute reporting of meet results. Could be Churchill Downs has the right idea to simply allow EPS to reflect operations. The forthcoming spin will surely be that Instant Racing is a positive, net contributor. Maybe, I guess.

  • B Hogan

    They will be out of business in 5 years. Plain and simple.

  • http://www.theknightskyracing.blogspot.com The_Knight_Sky

    >> (Instant Racing) brought thousands of new patrons to our facility

    And yet showed only 2.9% increase in on track handle?
    Something is wrong here. Very wrong.

  • ace

    Why will they be out of business in 5 years? Such an asinine statement should have some asinine explanation attached.

  • john greathouse

    B Hogan
    new idiot on board or have a backup for that observation
    they have survived to this point!

  • B Hogan

    Look Ace they put their $2 in the slot machine and lost it. Now they have no money for bets on horse racing. Now if you think there is unlimited money then I am wrong. I say Kentucky Downs will welcome casino gambling in and after 5 years they will tell the horseman to get lost.
    It’s going on all over the Country. Horse racing is dead. That’s what I see. Big tracks make all the money and Ky. Downs and small owners find another business.

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