Pari Mutuel Handle

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TRA Report Reflects Purse Revenue Trends

TRA Report Reflects Purse Revenue Trends

Revenue from alternative forms of gaming now accounts for almost one-third of total Thoroughbred purses in United States, but despite a decrease in handle, the percentage of handle that goes to purses has remained steady.

Youbet.com Reports Small First-Quarter Loss

Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.

Handle, Purse Declines Not as Bad in April

Handle, Purse Declines Not as Bad in April

Pari-mutuel handle and purses for April 2010 didn't approach the levels of the same month two years ago, but the Thoroughbred Racing Economic Indicators released May 4 could reflect a slowing of the erosion.

Oak Tree Handle, Attendance Decline

Oak Tree Handle, Attendance Decline

The Oak Tree Racing Association, which for the second year in a row hosted the Breeders' Cup World Championships, reported double-digit declines in attendance and handle during the 31-day meet at Santa Anita Park that ended Nov. 8.

Law Gives CA Tracks More Takeout Flexibility

California Thoroughbred racetracks, subject to regulatory approval, could increase pari-mutuel takeout -- return less money to bettors -- and change how the revenue is distributed under legislation signed into law Oct. 23 by Republican Gov. Arnold Schwarzenegger.

Calder Handle Rebounds From Troubled Year

Calder Handle Rebounds From Troubled Year

All-sources handle at Calder Race Course rose 48%, from $131.4 million to $195 million, during this year's second quarter, according to parent company Churchill Downs in a report to the Securities and Exchange Commission. But Calder's handle for the quarter ended June 30 was 22% below its handle of $249 million for the second quarter of 2007.

Handle Declines Slightly in January

Pari-mutuel handle was down 1.56% in January compared with the same month in 2008, but the decline wasn't close to the 20.3% slip in handle in December 2008 versus a year earlier.

Total Handle, Purses Decline in November

Total Handle, Purses Decline in November

Wagering on Thoroughbred races fell almost 10% in November compared with November 2007, Equibase reported Dec. 3 in its monthly "Thoroughbred Racing Economic Indicators." Purses dropped more than 2%, but race days increased more than 5%.

Instant Racing Called Quick Fix for Ohio

A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.

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