U.S. Handle Stable, Purses Up During Second Quarter

Edited NTRA release
The National Thoroughbred Racing Association and Equibase Company on Monday released the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the second quarter of 2006, as well as for U.S. purses and race days, with prior-year, second-quarter comparisons.

Pari-mutuel handle increased 0.56% to slightly more than $4 billion during the second quarter of 2006, compared with $3.99 billion during same period in 2005. Aggregate purses rose 3.64%, from $293.28 million in 2005 to $303.96 million in 2006 in year-over-year, second-quarter comparisons. The number of U.S. race days rose by 10, to 1,776 during this year's second quarter.

"The second-quarter handle and purses statistics are solid -- especially given the absence of the Derby and Preakness winners in this year's Belmont Stakes field," said Greg Avioli, interim CEO of NTRA/Breeders' Cup. "The record wagering on this past quarter's Kentucky Derby, along with the continuing upward trend in purse levels, provide cause for optimism as we head into the summer months."

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