Betting on U.S. horse races in October of this year was down 8.8 percent compared with betting in the same month in 2011, according to figures released on Monday be Equibase.
The drop in handle coincided with a similar decline in the number of race days in the month compared with October of last year. Race days declined 7.8 percent, from 471 last October to 434 this October, as tracks continue to cut race days in order to counter dramatic drops in the annual foal crop stretching back to 2006.