Wagering and Purses Flat in 2013, Race Days Decline Three Percent

by | 01.05.2014 | 12:18pm

Equibase, LLC released its year-end report on economic indicators in Thoroughbred racing. From 2012 to 2013, wagering on U.S. races relatively unchanged, up by 0.06%, while purses declined slightly by 0.04%. The number of race days in the U.S. fell to 5,143  in 2013, 167 less than in the previous year, a drop of 3.15%.

Equibase's economic indicators show a greater change in December 2013 from the same month in 2012. Total wagering for the month dropped by more 10%, accounting for over $80 million. U.S. purses dropped by nearly 7% in December 2013 and the number of race days declined by 3.58% from December of 2012. (It is worth noting that adverse weather conditions around the country in 2013 resulted in 33 separate cancellations of partial or entire cards in December, up from 16 such cancellations in 2012.)

Thoroughbred Racing Economic Indicators: Year-End 2013

 2013 vs. 2012

Indicator

Annual 2013

Annual 2012

% Change

Wagering on U.S. Races*

$10,881,239,410

$10,874,189,902

0.06%

U.S. Purses

$1,123,856,097

$1,124,254,126

-0.04%

U.S. Race Days

5,143

5,310

-3.15%

 

December 2013 vs. December 2012

Indicator

December 2013

December 2012

% Change

Wagering on U.S. Races*

$706,764,330

$789,805,605

-10.51%

U.S. Purses

$66,511,685

$71,476,104

-6.95%

U.S. Race Days

323

335

-3.58%

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

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