Economic Indicators: U.S. Wagering Rises In January

by | 02.04.2016 | 3:15pm

Total wagering increased in the U.S. in January, while race days and starts were down slightly from their 2015 levels, according to economic indicators released on Thursday by Equibase.

Wagering in the U.S. was up 2.21% in 2016 as compared with the same month last year. Average handle per race in 2016 was $347,210, an 8.8 percent increase from the average handle per race in 2015 ($319,034).

Purses for January declined, 4.57% as compared with 2015. However, average purse per race gained slightly, by 1.6%, from $25,923 to $26,342.

With bad weather causing havoc on the East Coast last month, the number of race days declined, down 8.17%, compared to 2015.

The number of races also were down as a result, 6.09% as compared to last year.

The number of starts in January 2016 were down, 4.33% compared to 2015.

Also, field size per race was up slightly, from 8.31 in 2015 to 8.46 in 2016.

Charts Courtesy Equibase

January 2016 vs. January 2015
Indicator January 2016 January 2015 % Change
Wagering on U.S. Races* $830,526,891 $812,581,924 +2.21%
U.S. Purses $63,011,538 $66,026,744 -4.57%
U.S. Race Days 281 306 -8.17%
U.S. Races 2,392 2,547 -6.09%
U.S. Starts 20,256 21,172 -4.33%

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

 

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