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Wagering on U.S. races flat in July
By Matt Hegarty
Wagering on U.S. races in July was level with the same month last year despite a nearly 3 percent drop in race days, according to figures released Sunday by Equibase.
Total wagering during July was $926.9 million, up 0.2 percent from $925 million in July 2012, according to the figures. The number of race days declined 2.9 percent, from 557 last July to 541 this July, leading to average wagering per race day of $1.71 million this July, compared with average wagering per race day of $1.66 million last July.
Handle on U.S. races has been in a steady decline for nearly a decade, but the figures have leveled off somewhat over the past 18 months. At the same time, the number of race days has begun to dip as racetracks attempt to cope with significant declines in the foal crop over the past five years.
Total purse distribution during July was $109.8 million, up 1.9 percent from $107.8 million in July 2012, according to the figures. Purses at U.S. racetracks are heavily subsidized by casino revenue.
For the year, handle is off 0.7 percent, according to Equibase, at $6.54 billion, compared with $6.58 billion through July 2012. The number of race days has declined 3.4 percent, while purses have declined 1.1 percent.
I'm also a fan for more than 50 years. I happen to find that the sport is more appealing than ever. Those numbers support improvement. Let the free enterprise system work. You can get information from anywhere. You can bet at tracks all over the world from your kitchen table. I'm here in South Florida and can now go to either Gulfstream or Calder on the weekend. New ideas will sustain the game. Surfed my online account on Saturday to watch the stakes races. Amazing!
Played this game for 50 years and care less about it than ever before.Bad horses, trainers and more monkey business than ever.Watch TVG OR HRTV and hear a trainer say he was not cranked up the last time he ran.How do we know that.Trainers running 2 or 3 horses in the same race and not coupled.Just gave him a race.To much junk in the trunk.Game is tired and needs a major clean up.
Where can one find these Equibase reports?
surprise surprise.....5 horse fields ,2 of them can run the other 3 cant walk...a day at the races is more like a day visiting your grandparents at the home .Wake up .... get someone to run the show nationally standardize medication rules,its very sad to see whats become of whats left of racing,
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