US thoroughbred purses up, betting rises only modestly

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Latest thoroughbred racing figures from the United States show the year to date has enjoyed a healthy increase in purses, but betting is up only modestly.

Latest figures from Equibase show wagering for the year to the end of October stood at $9,095,511,332, a 1.32 per cent increase over the same 10 months of 2011.

Purses for the same period rose 7.08 per cent to $885,634,564, while the number of race days was up only slightly, by 0.79 per cent, from 4560 to 4596.

Figures for the month of October painted a grimmer picture, with race days down 7.86 per cent, from 471 to 434. This fed into a 8.38 per cent decline in purses for the month, from $101,499,408 to $92,998,688, and an 8.79 per cent decline in betting, from $814,256,850 to $742,671,714.

 

 

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