10/04/2014 3:11PM

September handle plunges 10 percent

Email

Overall handle in September was down more than 10 percent nationwide, contributing to a decline in third-quarter business numbers compared to the same period in 2013, according to figures released on Saturday by Equibase.

Wagering in September in the United States totaled $693,548,821, a sharp decline of 10.55 percent from last year’s $775,340,152.

Concurrent with the decline in wagering were dips in purses, race days, races, and starts, but those figures – drops ranging from 5.73 to 7.73 percent -- were smaller by percentage than the overall decline in handle, so the drop in handle was more than a simple reflection of a decline in opportunities to wager.

September also ends the year’s third quarter, and wagering dipped 4.15 percent for the three-month period of July to September this year compared to last year, to $2,725,670,540 from last year’s $2,843,744,671.

Overall, through the first nine months of the year, handle is off 2.53 percent in 2014 compared to 2013. Purses and race days also are off, but by smaller amounts.

chiefdave777 More than 1 year ago
Sept 2013 had 5 Sundays( Sep1 was a Sunday) and 4 Saturdays. 2014 had only 4 Sundays and Saturdays.