Indicators: Handle Off $100 Million in August BUT…

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Bloodhorse reporting on the drop in handle for August 2010.

But the fewer racing days in 2010 seems to be a large part of this.

From Bloodhorse:

Pari-mutuel handle was off by about $100 million in August compared with the same month in 2009, yet another indication any rebound will take longer than some in the industry imagined.

August is a key month with premier meets at Del Mar in California and Saratoga in New York, and this year, an enhanced meet at Monmouth Park in New Jersey. The major meets are holding their own, so other tracks and wagering outlets must be taking the brunt of the decline.

There was, however, a sizeable 13.23% drop in race days—individual programs at each track—from 650 last August to 564 this August.

For the rest of the story:

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

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