Though on-track numbers were down at Colonial Downs, the Virginia racetrack reported gains in off-track business for its 41-day meet that ended Aug. 12.
River Downs and Thistledown combined July 6 for what is believed to be an all-time one-day Thoroughbred handle record for the state of Ohio.
Youbet.com handled $4.2 million Preakness Stakes (gr. I) day to top last year's same day handle by 18.5%. The May 20 figure is the second-highest in the history of the account wagering service.
On the heels of an announcement by Beulah Park officials that the track's winter/spring meet produced an all-time record handle, the Ohio Horsemen's Benevolent and Protective Association claims the success did little for purses.
The Maryland Jockey Club reported Saturday night that a record crowd of 118,402 was on hand for the 131st Preakness Stakes (gr. I) in Baltimore.
Youbet.com and Harrah's Louisiana Downs have joined forces on a multi-year program that will make the online wagering company the official wagering provider for the Bossier City, La., racetrack.
Lawmakers will tackle the complicated issue of Internet gambling during a two-hour hearing June 2 during a meeting of the National Council of Legislators from Gaming States in Boston.
Beulah Park in Grove City, Ohio, set an all-time handle record during its 75-day winter/spring meet that spanned Jan. 7-May 6.
TV Games Network set a one-day handle record of $7,555,958 Kentucky Derby day, May 6. The amount was up 18% from Derby day in 2005.
Youbet.com, the online wagering company with headquarters in Southern California, handled $5.6 million Kentucky Derby day, May 6, an increase of 34% from 2005 and the highest one-day amount in the history of the company.
The National Thoroughbred Racing Association (NTRA) and Equibase Company released the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the first quarter of 2006, as well as for U.S. purses and race days, with prior-year, first-quarter comparisons.
The first meet with a Polytrack surface proved not only to produce solid footing but also solid financial figures.
The National Thoroughbred Racing Association and Equibase Company reported Wednesday that pari-mutuel handle and purses declined in the U.S. last year, primarily a result of racing cancelled due to weather.
The National Horsemen's Benevolent and Protective Association may look for ways to pursue legal action to stop signal piracy and recover what they believe is their fair share of revenue from wagering on Thoroughbred racing.
Beulah Park set an all-time one-day handle record, while Turfway Park has increased purses because of business gains.
The absence of turf racing didn't impact the Hollywood Park fall meet as much as expected--at least in terms of averages--according to meet-end figures released by the Southern California racetrack.
Large fields and an artificial racing surface are credited for a 17% increase in all-sources handle for the first three weeks of the Turfway Park meet.
Total handle and purses registered gains during the 167-day Woodbine meet that spanned April 16-Dec. 11.
TV Games Network set a new quarterly handle record when it processed $119.8 million in wagers in the third quarter of this year. The figure is up 32.1% from the third quarter of 2004.
All-sources handle on the Oct. 29 Breeders' Cup World Thoroughbred Championships at Belmont Park was a record $124,009,593, up 2.5% from the $120,897,141 wagered last year when the event was held at Lone Star Park.
Breeders' Cup, already expecting to begin its Oct. 29 World Thoroughbred Championships day $13 million in the hole handle-wise compared with last year, could take an even bigger hit given a lack of established wagering outlets in hurricane-ravaged Florida and Louisiana.
Breeders' Cup, faced with a potential decline in handle for this year's World Thoroughbred Championships given the absence of secondary pari-mutuel operators from its pools, is calling for the industry to expedite a policy on rebate shops.
Emerald Downs closed its 2005 race meet Oct. 16 with record increases in both handle and purses, making it the most successful year in the track's 10-year history.
Calder Race Course ended its 120-day Calder meet Oct. 16 with declines in attendance and wagering from a year ago.
Turfway Park reported on-track handle was up 2.1% for its fall meeting while all sources handle declined 11.8% The meet, which was 22 days, was the first to feature the new synthetic Polytrack surface.
Pari-mutuel handle on Thoroughbred racing in the United States and Canada was down 3.8% in the second quarter of 2005, though purses dipped less than 1% for the quarter, according to the latest "Thoroughbred Racing Economic Indicators."
Youbet.com, the California-based online wagering service, handled $3.4 million June 11, Belmont Stakes (gr. I) day, to bring its three-day Triple Crown total to $9.5 million. In 2003, the last time Youbet.com offered wagering on the Kentucky Derby (gr. I), Preakness Stakes (gr. I), and Belmont, total handle was $6.5 million, the company said.
Total in-state handle during the Pimlico Race Course spring meet was up 18.3% from the corresponding 2004 meet, according to figures provided by the Maryland Jockey Club.
TV Games Network, the 24-hour horseracing and interactive wagering network, set a one-day handle record May 7 with $6,397,203 in bets. Wagering on the Kentucky Derby (gr. I) alone was $2,767,545.
New Jersey racing officials expect account-wagering handle to top $35 million this year in its first full year of operation.
Keeneland's spring meet ended April 29 with record total attendance and the second highest on-track mutuel handle in history but a decline in total handle and total daily average handle.
After experiencing the wettest winter in the track's 70-year history, Santa Anita Park concluded its 2004-05 winter/spring meeting with only a 3% decline in total handle.
Total handle on United States Thoroughbred racing in North America, as well as U.S. Thoroughbred purses, were down in the first quarter of 2005 compared with the first quarter in 2004, the National Thoroughbred Racing Association and Equibase said.
With handle in January down about 9% from the same period in 2004, Philadelphia Park said its year-to-date purse overpayment has reached $1.9 million because of a commitment to boost purses while it waits to install slot machines. Meanwhile, the Pennsylvania Horse Breeders Association finished 2004 in the black, but not without some adjustments.
An increase in handle on its live product had led Tampa Bay Downs to raise purses 7% effective Feb. 15. The daily average--overnight races and stakes--will be $140,000, a record for the track located in Oldsmar, Fla.
With eleven fewer racing days than in 2003, the Maryland Jockey Club announced its total handle declined 4% in 2004. All sources handle totaled $868.1 million as compared to $905.7 million from the same period in 2003. The daily average handle from all sources decreased 2% from $3.48 million to $3.41million. For the fourth consecutive year, the daily average handle on the export signal increased, this time by 4%.
On the heels of a record wagering day, Lone Star Park was set to host its first Breeders' Cup World Thoroughbred Championships with an improved weather forecast and a flurry of activity the morning of the event at the Texas racetrack.
A third-quarter increase in purses despite a decrease in pari-mutuel handle is attributed to growth in alternative gaming, the National Thoroughbred Racing Association said.
Del Mar set a record for total handle during its meet that ended Sept. 8, while on-track business at the Southern California track held its own.
Though pari-mutuel handle on Thoroughbred racing in the United States and Canada dropped slightly in the second quarter of 2004, purses increased 2.86%, according to the National Thoroughbred Racing Association and Equibase.
David Willmot shared his opinions on everything from slot machines to the relationship between purses and handle at Wednesday night's Kentucky Thoroughbred Farm Managers' Club meeting.
Total North American handle during the first quarter of the year was up slightly from 2003 despite 45 fewer racing days, but once again purses did not keep pace, according to statistics released Friday by the National Thoroughbred Racing Association and Equibase.
At its recent meet that ended March 27, Delta Downs reported a 32% increase in handle over last year's results, with a total handle of more than $115 million.
Laurel Park closed out its winter meet on March 28 with a 2% gain in all-source handle. All-sources handle totaled $245 million for the 2004 winter meet, compared to $240 million in 2003.
The president of a growing account wagering service said handle declines at major winter meets aren't good for racing, and he suggested it's time for a "fragmented industry" to move forward in the best interests of its customers, racetracks, and horsemen.
The National Thoroughbred Racing Association's Wagering Systems Task Force has enlisted a panel of business experts, including former New York City Mayor Rudy Giuliani, to find out what caused purses to drop in 2003 even though national handle increased.
Sunland Park set a single day handle record Feb. 3, when more than $2 million was wagered at the New Mexico racetrack.
Tampa Bay Downs continues to make sizable gains in terms of its live signal and on-track attendance, but on-track simulcast revenues are down because of a conflict involving Magna Entertainment Corp. and the New York Racing Association.
Beulah Park kicked off its first four days of racing in 2004 with a staggering 96% percent increase over the same number of days a year ago. On Monday the track shattered an 81-year-old all time single day pari-mutuel record of $1,554,073.
- By Ray Paulick
By Ray Paulick -- This year-end headline could not have gone unnoticed by anyone operating a racing stable--large or small--or by the leaders of organizations whose mission is to improve the economics of the Thoroughbred industry: 2003 Handle Up Slightly, But Purses Decrease.
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