The State of Horse Racing in Ireland

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Horse Racing Ireland sees on-course betting increase in 2019

Horse Racing Ireland (HRI), the sports’ national governing body, has reported a 4.5% year-on-year rise in on-course betting turnover for 2019, despite seeing a decline in Tote wagering.

Total on-course betting turnover for the 12 months through to 31 December 2019, including the Tote, amounted to €78.9m (£66.8m/$88.8m), up from €75.5m in the previous year.

Growth was driven by an increase in turnover from betting rings, which climbed 6.6% year-on-year to €58.4m.

However, the HRI noted a decline in turnover from on-course Tote betting, with this falling by 0.9% to €10.6m, while turnover from on-course starting price (SP) shops also fell by 1.0% to €9.9m.

Total Tote betting turnover was also down by 13.0% from €69.2m in 2018 to €60.2m in the past year.

On-course betting was boosted by an increase in attendance, with this figure up 3.2% year-on-year from 1.27m to 1.32m, due in part to a busy Christmas period.

Elsewhere, prize money climbed 4% to €66.1m for the year, while the HRI said commercial sponsorship was also up by 17.3% to €6.1m. However, there was a slight decline in European Breeders Fund sponsorship, which declined 0.5% to €2.19m.

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About Editor

Rich Nilsen is a 16-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the NHC Tour for 2018 with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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