Horse Wagering Off 7.8 Percent From This Time Last Year
The "Thoroughbred Racing Economic Indicators" report released over the weekend by Equibase said wagering on United States races in November 2010 totaled $906,259,429, off 7.78% from $982,739,386 for November 2009.
Purses for the same period totaled $95,520,748, down 8.45% from $104,342,180 last year.
There were 36 fewer races during the month of November this year compared to last.
November numbers exceeded that of the year-to-date decline of 7.2 percent.
Some good news, the handle decline is slowing this year whereby wagering fell 9.9 percent to $12.3 billion from 2008 to 2009.
Source: BloodHorse.com