U.S. Wagering, Purses Held Steady in 2013

U.S. Wagering, Purses Held Steady in 2013
Photo: Anne M. Eberhardt

United States race dates declined by 3.15% in 2013 when compared to the previous year, yet total wagering and purses held steady, according to the Thoroughbred Racing Economic Indicators released by Equibase Jan. 5.

In spite of a poor December 2013 showing, in which handle on U.S. races fell by 10.51% over the previous year, total wagering for the year rose by .06% from $10,874,189,902 in 2012 to $10,881,239,410. The figures include worldwide commingled wagering on U.S. races.

Purses for the year showed a minuscule decrease of .04% from 2012; the total was $1,123,856,097 in 2013 compared to $1,124,254,126.

The total number of race days (actual race programs) for 2013 was 5,143, down from 2012's total of 5,310.

For the month of December, wagering on U.S. races totaled $706,764,330 in 2013, a sharp decline from the 2012 total handle of $789,805,605. The total number of race days was off 3.58%, from 335 in December 2012 compared to 323 this year, contributing to the drop-off.

Purses for the month of December also declined by 6.95%, from $71,476,104 in 2012 compared to $66,511,685.

 

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.

Most Popular Stories