Blofeld wins the 2016 Gulfstream Park Handicap.

Blofeld wins the 2016 Gulfstream Park Handicap.

Coglianese Photos/Arianna Spadoni

U.S. Wagering Up Nominally in March

Despite fewer race days and races, commingled U.S. wagering held its own in March.

Despite fewer races and race days, commingled wagering on U.S. racing rose nominally during the month of March, according to the Thoroughbred Racing Economic Indicators released by Equibase April 5.

Equibase reported total wagering for the month of $854,900,215, up less than 1% from the $847,700,697 wagered in March 2015. The number of race days declined 9.04% to 302 from 332 a year ago and the number of races was down 8.47% from 2,844 to 2,603 this year.

As a result of the drop in race days, races, and a 6.72% decline in starts, total March purses fell 4.90%. Average daily purses, however, of $238,538 during March 2016 represented a gain over the daily average $228,168 in March 2015.

Through the first quarter of 2016, U.S. wagering increased 3.07% while purses declined 2.60%, race days were down 7.43%, races declined by 5.82%, and U.S. starts were off 4.05%.
 

Thoroughbred Racing Economic Indicators
For March 2016

March 2016 vs. March 2015

Indicator

March 2016

March 2015

% Change

Wagering on U.S. Races*

$854,900,215

$847,700,697

+0.85%

U.S. Purses

$72,038,600

$75,750,051

-4.90%

U.S. Race Days

302

332

-9.04%

U.S. Races

2,603

2,844

-8.47%

U.S. Starts

20,520

21,998

-6.72%

 

YTD 2016 vs. YTD 2015

 

Indicator

YTD 2016

YTD 2015

% Change

Wagering on U.S. Races*

$2,498,295,980

$2,423,926,336

+3.07%

U.S. Purses

$197,361,190

$202,632,295

-2.60%

U.S. Race Days

847

915

-7.43%

U.S. Races

7,282

7,732

-5.82%

U.S. Starts

59,628

62,142

-4.05%

* Includes worldwide commingled wagering on U.S. races.