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Economic Indicators: Healthy Gains in June
North American racing continues on its road to recovery from the economic downturn as pari-mutuel handle, purses, and race days all posted healthy gains for the month of June, according to the Thoroughbred Racing Economic Indicators released by Equibase. The $948,859,061 wagered in June, including world-wide commingled wagering on North American racing, represented a 6.99% gain over the $886,892,710 for June 2011. That handle growth resulted in a 13.1% increase in U.S. purses from $96,823,566 a year ago to $109,507,231 in June 2012. The number of U.S. race days during the month rose 9.78% to 595 from 542. Churchill Downs' handle numbers are included in the Equibase report. For the year to date, according to Equibase, total wagering of $5,657,286,019 through June was up 2.38% over the $5,526,027,065 figure for the same period a year ago. North American purses had increased 8.31% through June, from $482,475,243 in 2011 to $522,557,128 this year. U.S. race days though the first six months totaled 2,528, an increase from 2,481 through June 2011.
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