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Equibase reports a decline in betting handle and purses in September 2010

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Equibase reported on Wednesday, October 7, 2010 that handle and purses declined 12.5 percent in September.

The number of racing days fell from 545 last year to 477 in 2010. 

The combination of the reduction in the foal crop and the urge to cut expenses by track management may be an ongoing challenge for the industry.

Betting dollars declined 6.4 percent, from 883.5 million last year to 826.7 million this year. On the bright side, Equibase reported that the average bet per race rose from 1.62 million to $1.73 million. 

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

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