From Bloodstock, an article reporting increased purses, but decreased handle on thoroughbred racing. What’s interesting is that they reference the California boycott as part of the reason for decreased handle. Whatever your feeling about the boycott, it apparently is getting noticed, and may be having some effect:United States purses increased slightly in January year-over-year despite a reduction in racing days, but pari-mutuel handle on U.S. races dropped almost 10%, according to the Thoroughbred Racing Economic Indicators.
The handle drop can be attributed to many things, including weather, a California racing boycott, and closure of New York City Off-Track Betting Corp., which operated in January 2010. Still, it appears a turnaround is likely in 2011. For the rest of the article: http://www.bloodhorse.com/horse-racing/articles/61164/purses-up-bit-in-january-but-handle-off-97
Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology
