Economic Indicators: Breeders’ Cup, New Withholding Rules Help Boost Wagering, Purses For November

by | 12.07.2017 | 10:04am

***Editor's Note: Equibase normally releases the Thoroughbred Racing Economic Indicators on a quarterly basis. However, because of the new IRS regulations on withholding from winnings that began in late September, Equibase sent the November figures.

Racing showed an increase in wagering and purses during the month of November, as compared with November 2016, according to the racing economic indicators released by Thursday by Equibase. Year-to-date figures were similar for wagering; however, purses, racing days, etc., declined compared to 2016.

Wagering in the U.S. was up 6.39% in 2017 as compared with the same month last year. Year-to-date figures were also up, 1.43%.

Purses for November 2017 rose 0.41% as compared with November 2016; year-to-date figures declined however, 0.73%.

The number of race days declined this year, down 3.01%, compared to November 2016. Year-to-date, race days decreased, 2.12%.

November 2017 vs. November 2016
Indicator November 2017 November 2016 % Change
Wagering on U.S. Races* $890,823,840 $837,308,933 +6.39%
U.S. Purses $101,798,604 $101,378,895 +0.41%
U.S. Race Days 322 332 -3.01%
U.S. Races 2,752 2,788 -1.29%
U.S. Starts 22,693 23,106 -1.79%
Average Field Size 8.25 8.29 -0.50%
Average Wagering Per Race Day $2,766,534 $2,522,015 +9.70%
Average Purses Per Race Day $316,145 $305,358 +3.53%

 

YTD 2017 vs. YTD 2016
Indicator YTD 2017 YTD 2016 % Change
Wagering on U.S. Races* $10,159,447,452 $10,016,110,223 +1.43%
U.S. Purses $1,015,336,772 $1,022,786,990 -0.73%
U.S. Race Days 4,298 4,391 -2.12%
U.S. Races 35,269 35,935 -1.85%
U.S. Starts 270,953 278,809 -2.82%
Average Field Size 7.68 7.76 -0.98%
Average Wagering Per Race Day $2,363,762 $2,281,054 +3.63%
Average Purses Per Race Day $236,235 $232,928 +1.42%

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

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