New York City OTB Sets Handle Record Derby Day

New York City Off-Track Betting Corp. set records for handle on the May 1 Kentucky Derby (gr. I) and overall amount wagered on a single day.

Derby handle through the system was $4,635,015, up 14% from the previous record set in 2002. Overall, $9,611,999 was wagered on the entire day, up 8% from the previous record set last year.

"I am extremely happy with our results for Kentucky Derby day 2004," Raymond Casey, president of NYCOTB, said in a release. "Our customers came out on Saturday, and whether it was via our branches, our restaurants, or through telephone betting, they made Derby 2004 a record-setting day."

Casey said NYCOTB's handle growth this year continues to outpace the industry averages. "In a year where we are seeing handle erosion at many racetracks and off-track betting outlets, New York City OTB will set a record year for handle. We have made an effort to offer our customers more restaurant outlets to enjoy the racing, as well as increased telephone betting and branch hours."

NYCOTB operates 65 branch locations and 13 restaurants throughout the five boroughs, as well as a telephone betting system. Races are televised seven days a week on Time Warner and Cablevision Channel 71.