Economic Indicators of 2016 Similar to 2015
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Description:
Photo: Coady Photography
Through the first nine months of 2016, pari-mutuel wagering is slightly up and purses are slightly down compared with the same nine months of 2015.
According to numbers from Equibase, handle on United States races through September is up 1.09% to $8,390,084,303 but purses are down 1.45% to $819,505,296. Wagering is up despite a 2.46% reduction in race days to 3,685, as average wagering per race day has improved 3.64% to $2,276,821.
Comparing September numbers alone, wagering on U.S. races improved 2.43% to $795,029,672 but purses were down 6.49% to $104,917,357.
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Thoroughbred Racing Economic Indicators For September 2016 |
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September 2016 vs. September 2015 |
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Indicator |
September 2016 |
September 2015 |
% Change |
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Wagering on U.S. Races |
$795,029,672 |
$776,146,372 |
+2.43% |
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U.S. Purses |
$104,917,357 |
$112,194,289 |
-6.49% |
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U.S. Race Days |
457 |
443 |
+3.16% |
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U.S. Races |
3,652 |
3,598 |
+1.50% |
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U.S. Starts |
27,841 |
28,164 |
-1.15% |
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Average Field Size |
7.62 |
7.83 |
-2.61% |
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Average Wagering Per Race Day |
$1,739,671 |
$1,752,023 |
-0.71% |
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Average Purses Per Race Day |
$229,578 |
$253,260 |
-9.35% |
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3rd QTR 2016 vs. 3rd QTR 2015 |
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Indicator |
YTD 2016 |
YTD 2015 |
% Change |
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Wagering on U.S. Races |
$2,845,316,283 |
$2,822,612,596 |
+0.80% |
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U.S. Purses |
$328,792,742 |
$337,176,060 |
-2.49% |
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U.S. Race Days |
1,509 |
1,495 |
+0.94% |
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U.S. Races |
11,947 |
11,924 |
+0.19% |
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U.S. Starts |
89,563 |
91,916 |
-2.56% |
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Average Field Size |
7.50 |
7.71 |
-2.75% |
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Average Wagering Per Race Day |
$1,885,564 |
$1,888,035 |
-0.13% |
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Average Purses Per Race Day |
$217,888 |
$225,536 |
-3.39% |
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YTD 2016 vs. YTD 2015 |
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Indicator |
YTD 2016 |
YTD 2015 |
% Change |
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Wagering on U.S. Races |
$8,390,084,303 |
$8,299,633,157 |
+1.09% |
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U.S. Purses |
$819,505,296 |
$831,532,556 |
-1.45% |
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U.S. Race Days |
3,685 |
3,778 |
-2.46% |
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U.S. Races |
30,026 |
30,728 |
-2.28% |
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U.S. Starts |
230,390 |
236,608 |
-2.63% |
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Average Field Size |
7.67 |
7.70 |
-0.35% |
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Average Wagering Per Race Day |
$2,276,821 |
$2,196,832 |
+3.64% |
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Average Purses Per Race Day |
$222,389 |
$220,099 |
+1.04% |
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Notes: |
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