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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