Racing Registers Handle Surge in May
by Frank Angst
Date Posted: 6/4/2013 12:26:03 PM
Last Updated: 6/5/2013 1:22:47 PM

Photo: Anne M. Eberhardt

While the biggest wagering card of the year saw a 1% decline in handle, racing managed to register a strong month of May as pari-mutuel handle was up 3.57% compared with the same month last year.

While a rainy day contributed to a 1% decrease in wagering on the Kentucky Derby Day card at Churchill Downs, the Preakness Stakes Day card at Pimlico Race Course enjoyed a 1.8% handle increase.

According to economic indicators provided by Equibase, total wagering for the month reached $1,200,810,201 and registered that 3.57% increase despite offering 10 fewer race days, down 1.92% to 511. The strong May boosted year-to-date totals, which at $4,678,350,369 are 0.66% off of last year's total through the first five months.

Purses were up 0.69% in May to $104,009,358 but they are down 2.12% for the year at $404,258,317.
Race dates through May are down 3.47% for the year to 1,866 when compared with last year.

Thoroughbred Racing Economic Indicators
For May 2013
May 2013 vs. May 2012

Indicator

May 2013

May 2012

% Change

Wagering on U.S. Races*

$1,200,810,201

$1,159,450,650

3.57%

U.S. Purses

$104,009,358

$103,301,485

0.69%

U.S. Race Days

                          511

521

-1.92%

 



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