Total Races, Pari-Mutuel Handle Up in July
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Description:
Perhaps helped a bit by added attention for horse racing following American Pharoah's Triple Crown sweep, wagering on U.S. races improved 1.41% in July, to $903,673,455, when compared with July 2014.
Increased wagering in July on U.S. races also is likely tied to an increase in race days, up 4.84% to 542; and total races, up 2.23% to 4,257. Despite the increased racing, purses were flat in July, up less than one-tenth of 1% to $103,658,025.
After a slow start to the year, pari-mutuel wagering through the first seven months of 2015 now nearly matches the total bet through the first seven months of 2014. This year $6,382,866,327 has been wagered through July, which is down 0.25%. These steady numbers have been delivered despite a 4.44% decline in total races to 23,062.
Purses have not fared as well for the year through July, down 3.08% to $598,003,206.
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Thoroughbred Racing Economic Indicators
For July 2015 |
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July 2015 vs. July 2014 |
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Indicator |
July 2015 |
July 2014 |
% Change |
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Wagering on U.S. Races* |
$903,673,455 |
$891,095,395 |
+1.41% |
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U.S. Purses |
$103,658,025 |
$103,566,608 |
+0.09% |
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U.S. Race Days |
542 |
517 |
+4.84% |
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U.S. Races |
4,257 |
4,164 |
+2.23% |
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U.S. Starts |
32,158 |
31,606 |
+1.75% |
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YTD 2015 vs. YTD 2014 |
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Indicator |
YTD 2015 |
YTD 2014 |
% Change |
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Wagering on U.S. Races* |
$6,382,866,327 |
$6,398,717,682 |
-0.25% |
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U.S. Purses |
$598,003,206 |
$616,990,000 |
-3.08% |
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U.S. Race Days |
2,825 |
2,903 |
-2.69% |
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U.S. Races |
23,062 |
24,133 |
-4.44% |
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U.S. Starts |
176,857 |
181,838 |
-2.74% |
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* Includes worldwide commingled wagering on U.S. races.
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