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Equibase Reports Thoroughbred Handle Down Again In 2010

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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

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