Is Horse Racing Dead? Not in Japan

Japanese horse racing posts solid growth despite challengesJapanese horse racing posts solid growth despite challenges

Japanese horse racing recorded strong sales growth in 2020, in spite of economic uncertainties and the coronavirus pandemic. Both central and local horse racing are defying covid-19 challenges out of the race.

Horse racing as usual albeit without fans

The Japan Racing Association (JRA) reported its ninth consecutive year of sales growth with the annual turnover exceeding $28.6 billion, an increase by 103.5% from the previous year. Despite the challenging situation in times of COVID-19, Japanese central horse racing neither rescheduled or canceled a single event but maintained its full 2020 calendar.

The races were held without a spectator for over 7 months between February and October, however, the central horse racing has seen no major impact on overall sales. The cancellation of major racing events outside Japan also contributed to some of the star horses running in domestic races, which made certain races more appealing to fans.

Local horse racing also reported a jump in sales by 31% on a monthly basis, compared to that of the previous year. The stock price of the local Tokyo horse racing plummeted in March last year due to concerns over the negative impact of the COVID-19 outbreak. However, the shares bounced back by October and traded above $56 for the first time since 1994.

Is Horse Racing Dead? Not in Indiana

“To get 96 racing days in during these unprecedented times is a real credit to the Indiana Horse Racing Commission (IHRC) staff, our horsemen and our very dedicated group of employees,” said Eric Halstrom, vice president and general manager of racing. “When you consider that we did all of that while breaking every handle record on the books makes the season a success by any measure.”

Indiana Grand Racing & Casino completed its 18th season of Thoroughbred and Quarter Horse racing Thursday, Nov. 18. The abbreviated 96-day season offered 92 days of combined Thoroughbred and Quarter Horse racing along with four days dedicated directly to the sprinters to set a new record of $198,960,722

IndianaRecord numbers were posted throughout the season. The track recorded its highest single program handle on the Indiana Derby Wednesday, July 8 with a total of $5,979,952 wagered on the 12-race card. The Indiana Derby race alone garnered $1,026,395, which was a single race record for the track. The four-day race period also marked the best week ever in the 18-year history of racing for Indiana Grand with a total of $13,176,192 wagered.

Overall, the track saw an increase of 60.93 percent over 2019. A total of $198,960,722 was wagered from all sources in 2020 compared to $123,635,376 in 2019, which is 31 more percent handle with 26 less days in 2020.

Quarter Horse racing also saw a 17.33 percent increase in 2020. Total handle for Quarter Horse racing in 2020 was 20,143,348.30 compared to $17,168,338 in 2019 with two less all-Quarter Horse days held in 2020 compared to 2019. The track recorded its largest single card handle on an all-Quarter Horse day with $819,708.35 wagered on the Saturday, Aug. 8 program.

The final week of racing also established some records as a total of $3,869,898 was wagered on the final program of the year Thursday, Nov. 19, marking the largest handle on a non-Indiana Derby racing card in the history of the track. In all, a total of six days in 2020 showed handle in excess of $3 million. Only one card all season containing Thoroughbred and Quarter Horse racing did not eclipse $1 million in total handle, which was a shortened two-race day due to weather cancellation. The total of 91 days with handle in excess of $1 million is also a track record for Indiana Grand.

Racing dates for 2021 will be reviewed and expected to be approved by the IHRC at their monthly meeting in December. Indiana Grand hopes to return to its regular 120- racing season including six days dedicated to Quarter Horse racing.

Source: Indiana Grand

Breeders’ Cup Registers Sixth-Highest Handle in Two-day History

Breeders CupTotal all-sources handle for the two-day Breeders’ Cup Nov. 6-7 at Keeneland was $160,472,894, the sixth-highest total since the Breeders’ Cup expanded to a two-day event in 2007 and an 8% decrease from the 2019 record handle of $174,000,574 at Santa Anita Park.

Breeders’ Cup did not report attendance figures this year at Keeneland with no paid spectators allowed as a COVID-19 safety precaution. Owners and their guests, breeders, participating horsemen, and media were allowed to attend—a group that perhaps numbered in the low thousands.

Despite a sharply reduced crowd, this year’s total handle represented a 7% increase from the 2015 Breeders’ Cup at Keeneland…

An unlikely comeback for horse racing?

Longtime race horse owner Armand Janjigian knows all about calculating the odds, but he still wants to rescue the state’s thoroughbred racing industry, even if it’s a long shot.

The business consultant and owner of the Kingsbury health clubs in Medfield and Kingston just turned 86. But he’s not ready to ride into the sunset.

Instead, he is plotting an unlikely comeback for thoroughbreds [in Massachusetts]. Janjigian is piecing together more than 300 acres near Interstate 84 in Sturbridge to build a new racetrack. He’s lining up investors for the $25 million-plus project. And he is working with town officials to rewrite the zoning rules to allow racing, and the gambling that would go along with it…

Is Horse Racing Dead? Not in Washington

Emerald Downs increases horse racing purses

Emerald Downs in Auburn has announced a 10% purse increase for all races the final three weeks of the 2020 live horse racing season.

The track runs races on Wednesday and Thursday, with the season ending Oct. 29.

Through 30 days of live racing, handle is averaging $1.87 million, up 67% over last year.

Emerald Downs President Phil Ziegler said the purse increase is a result of better than expected handle…

Is Horse Racing Dead? Not Yet

September Derby Brings Bettors, Handle Boost to Racing Economic Totals

Horseplayers wagered more than $3.2 billion in the third quarter. That represents a 12.73% bump from 2019’s figures of $2.92 billion.

At the same time, America’s most wagered race running the first Saturday in September instead of the first Saturday in May resulted in a 29.64% increase in September 2020 wagering. Bettors put down more than $1.039 billion in September, compared to $801.98 million in 2019. A September Derby was a big reason why.

That even came with a decline in Kentucky Derby day wagering, which Churchill Downs attributes to the lack of on-track wagering and a prohibitive favorite in Tiz the Law. The Belmont Stakes and Travers Stakes champion lost a fierce stretch battle to Authentic…

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Maryland Racing Industry at Crossroads

Total wagering on the rescheduled, closed-door Preakness Stakes program at Pimlico last Saturday was down nearly 50% from its 2019 renewal, a pandemic-impacted decline similar to that experienced at the Kentucky Derby, which was moved from May to September.

Even in pre-pandemic times, a majority of wagering on horse racing is conducted online, through legal betting platforms like BetPTC.com, TwinSpires, TVG and Xpressbet. Since March, almost all wagering comes via these channels. Betting in person has grown increasingly rare in the internet era, and even more so in 2020. For perspective, of the $369 million bet on races at Laurel Park in 2019, the Maryland Racing Commission’s annual report records that $350.2 million, nearly 95%, came from bettors outside of Maryland…

Is Horse Racing Dead? Belmont Park Sees 42% Increase in Average Daily Handle

The New York Racing Association Inc. today announced that the Belmont Park spring/summer meet generated $15,466,198 in average daily handle from all sources, a 42 percent increase over the 2019 spring/summer meet.

Abbreviated to 25-days and held without spectators in attendance due to the COVID-19 pandemic, the opening of the spring/summer meet on Wednesday, June 3 marked the return of professional sports in New York and was conducted with strict health and safety protocols in place.

Despite running 23 fewer days than in 2019, a 48 percent decrease, all sources handle during the spring/summer meet totaled $386,654,955.

Average field size over the 248 races carded was 8.61, a 23 percent increase over 2019. Five races were taken off the turf due to weather, and all five came on July 10 with the impact of Tropical Storm Fay.

More about Belmont Park Handle:

Horse racing handle up 176% per day in April

Is Horse Racing Dead?

When the economic indicators on thoroughbred racing were released by Equibase this week, there was one number that leapt off the page. Average wagering per day was up 176% this month when compared to last April.

Yes, in a month where there were virtually no American sporting events, horse racing was front-and-center and the tracks that didn’t close, like Gulfstream and Oaklawn, did an average of $7.5 million in handle, up from $2.7 million this time last year.

Total wagering, which includes the numbers from all the tracks that are closed due to the pandemic, was down 24.4% year over year, but considering that race days were down 72% and some of April’s biggest races were canceled, it’s an incredible win for horse racing.

“It was similar to the 20s and 30s, when horse racing was the only game in town,” said New York Racing Association chief revenue officer Tony Allevato. NYRA canceled its horse races, but it has had a steady stream of business thanks to New Yorkers betting through …

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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