Archives for January 7, 2020

Is Horse Racing Dead? Stagnant Last Year

Purses Up, Pari-Mutuel Handle Down in 2019 – according to The BloodHorse

This year’s U.S. purse total is the highest since 2007, a pre-Great Recession year with more than $1.18 billion in purses. Compared with 2007 this year’s purses were recorded at a time of reduced racing—down 42%. Considering that reduction in racing, the average purse per race in 2019 compared with 2007 is up 40.2% to $32,256.

While purses improved in 2019, the rash of breakdowns at Santa Anita Park that forced the Southern California track to halt racing after its March 8 card before reopening March 29, likely impacted pari-mutuel wagering. Wagering on U.S. races in 2019 was down 2% to $11,038,790,395 compared with last year.

More about 2019:

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