Monumental 2018 Travers Day Handle for NYRA

Horse Racing Thriving in Saratoga

A blockbuster Travers Day card, highlighted by Catholic Boy’s victory in the 149th running of the Grade 1, $1.25 million Runhappy Travers, generated all-sources handle of $52,086,597, shattering the previous record set in 2015 by 4.9 percent.

Saratoga paddock copyright Agameofskill.comAll-sources handle, which exceeded the $50 million mark on Travers Day for the first time ever, surpassed the 2017 all-sources number by 8.8 percent.

 

On-track handle was $11,466,264, an increase of 5.6 percent over 2017, and just shy of 2015’s $11,472,451.

A paid crowd of 49,418 witnessed Catholic Boy put away European invader Mendelssohn in the stretch to draw clear for a four-length victory in the Runhappy Travers, giving Hall of Fame jockey Javier Castellano his record sixth victory in the race.

The Runhappy Travers was one of six Grade 1 stakes on Travers Day, which also featured the Grade 1, $1 million Sword Dancer, the Grade 1, $700,000 Personal Ensign, the Grade 1, $600,000 Forego, the Grade 1, $500,000 Ketel One Ballerina and the Grade 1 $500,000 H. Allen Jerkens presented by Runhappy. The Travers Day card was rounded out by the Grade 2, $400,000 Woodford Reserve Ballston Spa.

The 2018 summer meet at historic Saratoga Race Course continues through Labor Day, Monday, September 3. For more information about Saratoga Race Course, visit NYRA.com.

2018 Travers Day
August 25, 2018
All-sources: $52,086,597
On-track: $11,466,264

2017 Travers Day
August 26, 2017
All-sources: $47,870,987
On-track: $10,862,095

2016 Travers Day
August 27, 2016
All-sources: $45,596,367
On-track: $10,778,993

2015 Travers Day
August 29, 2015
All-sources: $49,668,754
On-track: $11,472,451

2018 Woodward Stakes Day Handle also shows Big Increase

A strong card featuring four graded stakes on the final Saturday of the 2018 meet – highlighted by Yoshida’s victory against a
full field of 14 in the 65th running of the Grade 1, $750,000 Woodward – generated an all-sources handle record of $31,030,034, easily eclipsing the previous Woodward Day record set in 2017 by 11.3 percent.

On-track handle was $5,895,252, an increase of eight percent over 2017.

The record-setting day came a week after the New York Racing Association established a new record for all-sources handle on Travers Day with $52,086,597, marking the first time all-sources wagering on Travers Day topped $50 million.

Woodward Day also featured Raging Bull’s impressive win in the 111th running of the Grade 3, $300,000 Saranac, part of an effort that saw Chad Brown set a new Saratoga single-meet wins records for a trainer, with the conditioner eclipsing the previous mark of 40. Sippican Harbor, at odds of 16-1, won the Grade 1, $350,000 Spinaway and earned an all-fees paid berth to the Breeders’ Cup Juvenile Fillies. Following Yoshida’s win in his dirt debut, Lady Montdore ended the day with a victory in the Grade 2, $250,000 Glens Falls.
The 2018 summer meet at historic Saratoga Race Course concludes Labor Day, Monday, September 3 with an 11-race card highlighted by the Grade 1, $350,000 Hopeful for 2-year-olds and the Grade 2, $250,000 Bernard Baruch Handicap on the turf.

Source: NYRA

Ellis Park’s strong finish sets stage for 2019 meet

Ellis-Park logoIs Horse Racing Dead?  Not in Henderson, KY

Ellis Park’s strong finish sets stage for 2019 meet.

Evansville Courier & Press Full coverage: Ellis Park’s strong finish sets stage for 2019 meet

Huge July 2018 for Sportsbook Betting in New Jersey

New Jersey’s sportsbooks did not disappoint in their first full month of operation, increasing wagers dramatically in June while nearly doubling the number of open sportsbooks to five. Such an increase was to be expected and a sign of what lies ahead, according to analysts for PlayNJ.com.

“Considering the rate at which sportsbooks are opening in New Jersey, it is certainly not surprising to see a steep increase in revenue and the amount of money wagered,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “The underlying data points are impressive, though. And it’s important to remember that this is the industry’s infancy. A mature, fully established New Jersey sports betting market could field billions of dollars in annual wagers.”

New Jersey’s sportsbooks generated $3.8 million in gross revenue on $40.7 million in wagers in July, according official reporting released Tuesday. Both metrics are up from the $3.5 million in gross revenue generated in June on $16.4 million in wagers completed.

The first full month of operation for Monmouth Park, Borgata, and Ocean Resort Casino — which all opened June 14 or later — and the addition of two new sportsbooks in July were the key drivers to the growth.

FanDuel Sportsbook at Meadowlands Racetrack opened on July 14, placing a legal sportsbook on the doorstep of New York City. Caesar’s Entertainment opened the sportsbook at Bally’s Atlantic City on July 30, and later opened the book at Harrah’s Atlantic City on Aug. 1.

Of the existing books, Ocean Resort led the way with $1.03 million in gross revenue by generating $33,444 per day. Ocean Resort opened June 28. Monmouth Park tallied $856,280 in July gross revenue, generating $27,622 per day. That was down from $142,448 per day in June and $2.3 million in gross revenue in 16 days of operation. Borgata tallied $562,280 in July revenue, up from $986,831 in June, and $18,138 per day.

“Revenue growth slowed at the existing books, but we expect it to hasten once football begins later this month,” Gouker said. “August will be fun to watch, as it will give us our first full month-over-month comparisons.”

The new sportsbooks fared well. FanDuel Sportsbook posted $1.35 million in July gross revenue, leading all books by generating $43,790 per day. Bally’s AC generated $17,788.

The addition of legal sportsbooks should only continue. Resorts is expected to open its sportsbook in days, and at least three more are in either the planning or construction phases. In addition, DraftKings became the first operational online sportsbook earlier this month.

“By the end of the year, New Jersey should have perhaps as many as a dozen online sportsbooks,” Gouker said. “With football season coming soon, we expect the pace of conventional and online sportsbooks entering the market to only increase.”

LEGAL ONLINE GAMBLING

New Jersey’s legal online gambling industry continued its winning streak, too, generating a record $25.9 million in gross revenue in July, up 14.2 percent from $22.7 million in June. A 25.8 percent increase from $20.6 million in July 2017, July 2018 marks the 45th consecutive time that monthly gross revenue has increased year-over-year.

Legal online gambling has generated an average of $23.6 million a month and $165.4 million in annual revenue so far this year, putting the industry on pace to shatter the $245.6 million annual revenue mark set just last year. And with online sports betting set to take off in August, the rate of growth should only increase.

This has proven to be critical to once struggling Atlantic City.

“Atlantic City casinos cracked 30,000 employees for the first time since 2014, proving once again that online gambling hasn’t cannibalized New Jersey’s land-based casinos,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com. “Add more than $155 million in additional tax revenue that online gambling has generated since it began in 2013, and online gambling has proven to be an unqualified success.”

Some other important online gambling metrics from the July report:

With July’s collection of $4.5 million in tax revenue, online casinos have now generated $155.4 million for New Jersey since the industry was born in November 2013.

Now with $887.9 million in lifetime revenue, the industry could hit the $1 billion mark by the end of the year.

The industry generated $835,404 per day in the 31 days in July, up from the 756,136 per day in the 30 days in June.

Market leader Golden Nugget — home to the Golden Nugget, Betfair, and SugarHouse online casino brands — generated a record $9.3 million in July, up from the $8.4 million gathered in June.

Online casino games generated $24.04 million in July, up from $20.9 million in May. Online poker hit $1.9 million in June, up from $1.8 million in June

Newcomers Hard Rock Rock Atlantic City generated $329,650 and Ocean Resort Casino tallied $249,805 in July.

For more information and analysis on regulated online gaming in New Jersey, visitPlayNJ.com.

source: Press Release

Stars & Stripes Racing Festival a Success at Belmont Park

The recent Stars & Stripes Racing Festival, comprised of five graded stakes and highlighted by Catholic Boy’s thrilling victory over Analyze it in the Grade 1, $1.2 million Belmont Derby Invitational, generated all-sources handle of $24,612,465, the highest such handle figure since NYRA launched the Stars & Stripes Racing Festival in 2014.

With a paid attendance of 16,763, Saturday’s on-track handle of $3,182,221 also established a new high for the festival.

In addition to the Belmont Derby, Saturday’s blockbuster 11-race Stars & Stripes card included the Grade 1, $1 million Belmont Oaks Invitational for 3-year-old fillies, as well as the Grade 2, $700,000 Suburban, the Grade 2, $350,000 Belmont Sprint Championship and the Grade 3, $300,000 Dwyer.

2014-2018 Stars & Stripes Day Handle

2014

Saturday, July 5

Races: 10

All-sources: $18,829,264

On-track: $2,825,797

2015

Saturday, July 4

Races: 11

All-sources: $20,652,065

On-track: $2,779,529

2016

Saturday, July 9

Races: 11

All-sources: $22,980,094

On-track: $2,898,826

2017

Saturday, July 8

Races: 11

All-sources: $22,341,423

On-track: $3,084,823

2018

Saturday, July 7

Races: 11

All-sources: $24,612,465

On-track: $3,182,22

source: NYRA

Is Horse Racing Dead?  Check out these latest financial reports

Successful 2018 Preakness Stakes Day in Maryland

The Stronach Group and the Maryland Jockey Club announced that total handle on Saturday’s 143rd Preakness Stakes, won by Justify, was $93,655,128.

The handle, as well as the crowd of 134,487, was the third-largest in Preakness history.

Despite rain showers, a sloppy track and dense fog, an energetic crowd was treated to 14 races, world-class dining, and entertainment featuring Post Malone, 21 Savage and ODESZA.

“It’s amazing that under the conditions, the fact field size was 6.6 compared to 8.9 the year before and we lost four turf races, our handle was $93 million,” said Sal Sinatra, President and General Manager of the Maryland Jockey Club. “Justify and all our equine and human athletes put on a memorable show. I want to thank all of the fans who attended and wagered on our races Saturday. They are truly remarkable. The Stronach Group is proud to be part of the history and tradition of Thoroughbred racing in Maryland. We’re committed to honoring the deep history and tradition of the Preakness while continuing to modernize the sport by offering unique entertainment and guest experiences.”

Friday Just as Successful

Despite a sloppy track and afternoon showers, a crowd of 48,265 attended Friday’s 14-race Black-Eyed Susan program at legendary Pimlico Race Course.

The crowd was the second largest in the Black-Eyed Susan’s 94-year history, just shy of last year’s record of 50,339.

The program was highlighted by seven stakes and Red Ruby’s victory in the $250,000 Xpressbet Black-Eyed Susan (G2).

Total handle for the afternoon was $18.591 million, down six percent from last year ($19.895) on an afternoon when four races were taken off the turf on a program with 35 fewer starters.

“We witnessed some impressive performances on the track from our equine and human athletes, and we received positive feedback on the upgraded facilities in the Preakness Village and Turfside Terrace and our dining rooms,” said Sal Sinatra, President and General Manager of the Maryland Jockey Club. “Despite races being taken off the turf, handle was strong and the crowd enjoyed the afternoon.

“We want to thank our dedicated fans and horsemen. We’re looking forward to showing off more of our improvements Saturday during Preakness 143, including a new stage for InfieldFest, a revamped infield layout, and five spectacular performers. The Stronach Group’s commitment to Thoroughhbred racing in Maryland and throughout the country are reflected by today’s impressive results.”

Source: Press Release

Keeneland 2018 Spring Meet Has Near-Record Wagering

Is Horse Racing Dead? Not in Kentucky

Keeneland closed its 2018 Spring Meet on Friday with near-record all-sources wagering on Keeneland of more than $157 million, highlighted by an all-time single-day handle record on Toyota Blue Grass Day and driven by full fields of quality horses and competition among the nation’s top owners, trainers and jockeys.

All-sources wagering on Keeneland racing totaled $157,172,604 for the 16-day Spring Meet, held April 6-27, ranking just behind the record of $158,640,591 set during the 16-day 2013 Spring Meet, and a 14.39 percent increase from the $137,399,556 recorded during last year’s 15-day Spring Meet. Average daily all-sources wagering of $9,823,288 rose 7.24 percent from $9,159,970 in 2017.

Keeneland painter photo by Richard J. Nilsen

copyright AgameofSkill.com

Keeneland set wagering records for all-sources handle and Pick 4 and Pick 5 pools on Toyota Blue Grass Day, April 7. Total all-sources handle was $22,634,861, eclipsing the previous record of $21,736,983 set April 9, 2016. Wagering on the All-Stakes Pick Four ending in the Toyota Blue Grass (G2) totaled $1,065,002 versus the previous record of $733,800 set April 8, 2017. The All-Stakes Pick Five handled $899,196, smashing the previous record of $653,827 from April 20, 2013.

A rollback from the takeout increase in the fall of 2017 was favorably received by horseplayers as evidenced by the substantial increase in all-sources handle.

Keeneland offered an early Pick 5 wager with a 15 percent takeout for the first time this meet on the first five races of each race day, and it was an unqualified success. Total handle for the wager over 16 days totaled $4,104,850, an average of $256,553 per day.

On-track attendance and wagering were just shy of last year’s Spring Meet totals despite inclement weather for the meet’s opening two weekends. Total attendance of 250,475 was nearly even with last spring’s 252,247. Average daily attendance of 15,655 was just short of the 16,816 in 2017.

A record crowd of 28,307 basked in the sun on Maker’s Mark Day, Friday, April 13, to surpass the previous Friday attendance mark of 24,734 established April 2, 2010. On Saturday, April 21, 37,378 fans, the fifth-highest single-day attendance in Keeneland history, celebrated the season with an afternoon of racing.

On-track wagering this spring was $17,457,750 compared to $17,668,979 last spring. Average daily on-track handle was $1,091,109 versus $1,177,932 in 2017.

“This was an exceptionally successful Spring Meet in so many ways – from near-record handle to robust attendance and racing of the highest caliber,” Keeneland President and CEO Bill Thomason said. “Mother Nature threw us a curve ball or two, but the sometimes inclement weather never dampened the tremendous enthusiasm of our fans. We are extremely grateful to the community, our horsemen and corporate partners for their tremendous support throughout the spring.”

Source: Keeneland

Is Racing Dead? Meadowlands Fans Wagering with Both Fists

They came to play.

Meadowlands fans wagered with both hands throughout last Saturday night’s 13-race program and despite only two horses paying $10 or more and six races that saw favorites emerge victorious, the betting swelled to a new 2018 high.

For the first time this year, wagering surpassed the magic $3 million mark. In fact, it wasn’t merely surpassed, it was smashed.

The all-source total handle of $3,454,633 easily outdistanced the industry handle leader’s previous 2018 best, which was $2,790,201 on Jan. 27. The corresponding race card a year ago saw $2,581,495 bet on 12 races.

The on-track, on-product play totaled $296,916.

The Pick-5 carryover of $30,202 served as a catalyst for not only that wager, but for the entire night, as $230,199 in “new money” was poured into the Pick-5 pot. The third race, which is the first leg of the bet, saw $422,271 in total play.

After a formful sequence that saw the odds of the winners come back 7-2, 7-2, 6-5, 3-1 and even-money, many winning Pick-5 tickets for $541.70 were cashed after the total pool of over $260,000 was divvied up.

But there was more.

The 20-Cent Survivor Pick 10 once again saw big play (a total pool of $20,005), and, once again, it resulted in a ‘jackpot’ as one lucky winner, betting into the Portland, Ore. hub, walked away with $17,000.54 after surviving seven legs.

The Early 20-Cent Jackpot Super High Five resulted in a single-ticket winner, and that patron, wagering into the Maryland hub, cashed in for $7,622.70 at the conclusion of the ninth race.

About the only big pot not raked belonged to the Late 20-Cent Jackpot Super High Five (Race 13), which once again failed to produce a single-ticket winner. That wager’s carryover now stands at $126,952.

Successful 2017 Hawthorne Race Meet

Despite a rain-filled opening two months of the fall thoroughbred meet at Hawthorne and a cancellation of the closing day card due to extreme cold temperatures, both handle and field size saw significant increases as the meet concluded on December 29.

Total daily handle for 36 day fall meet averaged $1,708,081, up 9.17% from the $1,564,655 wagered per racing day in the fall of 2016. While the poor weather led to a slight onsite decrease of 5% from $54,031 per card in 2016 to $51,284 per card this fall, In-state handle rose 3.74%, $105,305 this fall compared to $101,510 in the fall of 2016. Out of state handle on Hawthorne’s races rose 10%, increasing to $1,551,492 this fall versus $1,409,114 wagered per day in the fall of 2016.

Fans at Hawthorne racecourse. Fans at Hawthorne racecourse

Despite being able to contest only 27 races on the turf this fall, compared to 46 in 2016, average field size for the fall meet was 8.49 starters per race up from the average of 7.80 starters per race in 2016.

With the help of grant funds from the Illinois Department of Agriculture, the 2017 fall meet also brought about the return of the stakes schedule. Longshot My Bariley kicked off the stakes season with a late closing score in the return of the Hawthorne Derby on October 28. Prado’s Sweet Ride and Goneghost were winners in the slop in the Illini Princess and Buck’s Boy Handicap respectively on November 4. In the Showtime Deb, trainer Larry Rivelli saddled a winner in Richie’slilwildcat while RIvelli’s Pass the Gravy was the victor in the Sun Power Stakes.

The grade 3 Hawthorne Gold Cup Handicap made its return on November 25 as 2016 Grade 2 Marathon winner Scuba got up in the shadow of the wire to catch Futile. On the Gold Cup day undercard, Shar Ran was the winner of the Powerless Handicap while Goneghost impressed again in winning the Lightning Jet Handicap.

The fall stakes season closed out with Cowgirl Callie just holding on in the Pat Whitworth Illinois Debutante while Pass the Gravy stretched out to win the Jim Edgar Illinois Futurity.

“This fall meet was about making things simple and doing everything we could to offer a great wagering product for our players,” stated Hawthorne President and General Manager Tim Carey. “Fans want to see full fields and competitive racing and our horsemen were great about filling races at all levels. We make it a point at Hawthorne to avoid racing on top of other tracks, something our players and simulcast partners appreciate as we aim to be a focus for the bettor. Lastly, the support we receive on a daily basis from TVG with racing coverage along with our online partner in Xpressbet have helped bring Hawthorne back to the forefront in racing.”

With the fall thoroughbred meet complete, there is no rest at Hawthorne. Immediately upon the conclusion of the meet, track maintenance crews and staff will be taking to the track to begin the track conversion to a Standardbred surface as Hawthorne is the final remaining track in the United States to race dual breeds over the same oval. 11,000 tons of dirt will be removed along with the Fontana safety rail as the track will be graded to a perfectly even consistency and pylons placed down, all in a 96 hour period in preparation for a January 5 start to the winter harness season.

Source: Press Release

Mahoning Valley Increases Purses for 2018

Is Horse Racing Dead?

Mahoning Valley Race Course, in cooperation with the Ohio HBPA, announced a 5-7% purse increase effective Jan. 2.

Source: Mahoning Valley Increases Purses for 2018

More Gains. 2017 Remington Park Meet Up.

Remington Park LogoPress Release

The 2017 Remington Park Thoroughbred Season experienced increased handle, average field size and total purses compared to the previous year. The final program on Dec. 17, Springboard Mile Day, was the second-largest betting day on Remington Park racing in the track’s history.

The all-sources pari-mutuel handle on Remington Park racing during Springboard Mile Day was $2,775,655, becoming the second-highest program for handle on Remington Park in the history of the track. The record was set on Feb. 24, 1990 when $2,808,243 was played on the Remington Park races.

Greyvitos won the 2017 edition of the $400,000 Springboard Mile, picking up 10 valuable points for 2018 Kentucky Derby eligibility in the process. This was the first year for the Springboard Mile as a Kentucky Derby points-race.

The big final day of the season capped the 67-dates with total handle on Remington Park racing of $66,844,252, up 16.6% over the 2016 total of $57,332,509. The increase was boosted by export handle on Remington Park of $63,188,252, up 18.2 % from last year when the export betting was $53,466,844.

“Remington Park enjoyed a successful Thoroughbred season thanks to our fans, horsemen and business partners, helping drive our pari-mutuel handle,” said Matt Vance, Remington Park vice president of operations. “We had an increase in field size this season, and our stakes program was well supported both locally and from connections shipping horses from across the United States to compete in Oklahoma City.”

The Grade 3, $400,000 Oklahoma Derby was won this year by Untrapped, the first derby win here by National Hall of Fame trainer Steve Asmussen who wrapped up his record 13th leading trainer title at Remington Park. The Oklahoma Derby had three competitors who raced in the Kentucky Derby earlier in the year. Battle Of Midway, Girvin and Untrapped represented the first time a trio of runners that raced in the Kentucky Derby competed in the Oklahoma Derby at Remington Park that fall.

Eclipse Award winner Champagne Room won the Remington Park Oaks, on the Oklahoma Derby undercard. Her resume and success in the race helped bring it graded status for the first time in its history. The 2018 Remington Park Oaks will now carry a Grade 3 title, joining the Grade 3 Oklahoma Derby as Remington Park’s graded Thoroughbred events.

Remington Park purses grew in 2017 to $16,144,945 for an average of $240,969 per day. The total is up 1.8% over the $15,855,080 distributed a year ago.

A total of 5,410 horses took part in the 604 races at Remington Park this season, for an average field size of 8.96, up from the average of 8.4 in 2016.

Remington Park’s on-track handle of $3,454,413 slid 4.4% from a year ago when it was $3,613,712. Thunder Roadhouse in north Oklahoma City had handle on Remington Park of $201,587 as the track’s lone off-track location. There were three off-track sites in 2016, playing a total of $251,953 on Remington Park racing.

Remington Park conducted one less race in 2017, running 604 events, compared to 605 in 2016. Both seasons had 67 race dates.

Live racing is now on hiatus until the start of the 2018 American Quarter Horse, Paint and Appaloosa Season starts on March 9. Until then, simulcast racing is available daily and the Remington Park Casino is always open. Admission, parking and valet parking are always free at Remington Park.