WAGERING DECLINES CONTINUE IN JUNE; PURSES DOWN SLIGHTLY

by | 11.17.2010 | 12:47am
  • click above & share!
    X
  • click above & share!
    X


  • click above & share!
    X
  • click above & share!
    X

(The following information was provided by Equibase and the National Thoroughbred Racing Association)




Thoroughbred Racing Economic Indicators

For June 2010

 

June 2010 vs. June 2009





Indicator

June 2010

June 2009

% Change

Wagering on U.S. Races*

$935,843,769

$993,644,026

-5.82%

U.S. Purses

$99,894,015

$101,120,530

-1.21%

U.S. Race Days

600

620

-3.23%
 

 

YTD 2010 vs. YTD 2009





Indicator

YTD 2010

YTD 2009

% Change

Wagering on U.S. Races*

$5,984,587,892

$6,504,496,687

-7.99%

U.S. Purses

$476,571,090

$504,686,508

-5.57%

U.S. Race Days

2,644

2,814

-6.04%
 

 

* Includes worldwide commingled wagering on U.S. races.


New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry
  • Craig

    Considering the 6% reduction in race days for the year there is only a 2% real decline in handle and a 0.5% increase in purses for the year. They are quite positive numbers considering the weakness in the economy. Look at the numbers properly not just the raw data.

  • ITP

    Considering that racing is on pace to lose a $billion+ in handle for the third consecutive year……my questions are…..

    1. How many more years can racing lose a billion a year in handle before someone does something?

    2. How can these be “quite positive numbers” as stated above?

  • http://www.sctbrescue.org Caroline Betts

    The percentage drop in gambling dollars per race date relative to 2009 was worse for June alone than for year to date by almost 30% (not percentage points). Is it normal to have a comparatively weak month in June? I have no idea but that would be useful to know. Would be helpful to see number of races as well as race dates.

  • Vance

    So much for constriction.

  • slewodreams

    Let the economists mess around with their flow charts, bar graphs, and trigonometric calculators. The bottom line as it’s been for months – handle DOWN, race days DOWN, purses (even with slot machines everywhere) DOWN…

    Get it? Still know the meaning of that word? DOWN?…

    And this word, DOWN, has been seen in racing’s indicators for the past few years. The only people who don’t seem to get it are the ones running this mess, the same fossils who have flushed racing down the toilet to begin with. They are still there, at the helm of racetracks, key organizations, and wagering outlets, just shuffling from one position to another while Rome burns.

    Now that the sport has completely alienated itself from the younger audiences and there are few, if any, new faces to turn this sport around (who would probably be smoked out by the old bags for starting trouble), the fossils are who racing are stuck with. Horse racing has become Jurassic Park.

    The Titanic sinks. All hands on deck. Aye, aye sir!

  • http://www.sctbrescue.org Caroline Betts

    #5: In fairness to economists everywhere, a sector-specific indicator going “down” doesn’t always mean a sector is destined for extinction. The US economy in the aggregate is “down” right now, but over 100 years it’s been “up” on average by 3% per year so we assume the current “down” is temporary/cyclical, and that we’re not all destined for long run or permanent poverty.

    Since only two years of data were presented, knowing whether “down” in racing is the consequence of aggregate or sectoral factors, or more specifically to what extent the “down” in racing can be assigned to the impact of each set of factors, is impossible to determine.

    However, I do believe you – that racing indicators have been “down” for a number of years. I just haven’t seen the data to know how much of the current down is due to the fossils you mention.

Twitter

follow us on twitter »