From the Louisville Courier Journal, some sobering news:
Wagering on U.S. thoroughbred races fell 7.33 percent in 2010 from 2009, the fourth consecutive annual decline.
Equibase, the industry’s statistical database, on Wednesday said the 2010 total was $11.4 billion. The 2009 total was $12.3 billion, down from the nearly $15 billion that was typical in previous years.
The amount of purses awarded dropped 6.07 percent to $1 billion and the number of race days dropped 7.75 percent to 5,473.
In the final month of 2010, wagering of nearly $679 million represented a drop of 9.31 percent from December 2009.
Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology