Month: April 2021

Economic Indicators: Average Daily Wagering Sees Slight Decline In March

Equibase, LLC released its third monthly report of 2021 on Economic Indicators in Thoroughbred Racing on Monday, April 5. Due to the COVID-19 pandemic, Equibase has been providing monthly economic indicators advisories. The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year.

With the return of March Madness in 2021, the competition for a wagering dollar increased dramatically over the same period in 2020, when the tournaments were cancelled due to the pandemic. Accordingly, the average daily wagering in March of 2021 showed a 3.25 percent decline over the same month in 2020, when there was almost no competition outside the racing industry.

However, increased race days in March of 2021 (292, compared to 214 in 2020) meant that the overall wagering totals showed a 32 percent increase to $965 million.

Year-to-date wagering remains up 10.27 percent over the first quarter of 2020, while average wagering for the first three months of 2021 remains strong at 14.15 percent higher than the same period last year.

Moving forward, the continued return of fans to the racetracks could play a major role in handle, as those fans will shift from primarily ADW wagering to in-person.

March 2021 vs. March 2020
Indicator March 2021 March 2020 % Change
Wagering on U.S. Races* $965,796,545 $731,609,777 +32.01%
U.S. Purses $81,797,768 $55,774,436 +46.66%
U.S. Race Days 292 214 +36.45%
U.S. Races 2,563 1,787 +43.42%
U.S. Starts 19,452 13,919 +39.75%
Average Field Size 7.59 7.79 -2.56%
Average Wagering Per Race Day $3,307,522 $3,418,737 -3.25%
Average Purses Per Race Day $280,129 $260,628 +7.48%

 

 

1st QTR 2021 vs. 1st QTR 2020
Indicator 1st QTR 2021 1st QTR 2020 % Change
Wagering on U.S. Races* $2,766,096,277 $2,508,529,406 +10.27%
U.S. Purses $214,998,406 $205,227,651 +4.76%
U.S. Race Days 766 793 -3.40%
U.S. Races 6,702 6,616 +1.30%
U.S. Starts 52,211 51,973 +0.46%
Average Field Size 7.79 7.86 -0.83%
Average Wagering Per Race Day $3,611,092 $3,163,341 +14.15%
Average Purses Per Race Day $280,677 $258,799 +8.45%

* Includes worldwide commingled wagering on U.S. races.

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Wagering, Purses Up Significantly in Q1 2021

According to statistics released Monday by Equibase, daily average wagering and average purses per race day each saw significant increases in the period from Jan. 31-Mar. 31, 2021 when compared to the same time frame in 2020.

Total wagering in the three-month period was reported at $2.776 billion, an increase of 10.27% over last year, with daily average wagering at $3,611,092, which represented a 14.15% improvement from 12 months ago. Nearly $215 million in purses were disbursed from January through March, some 4.6% better than last year, with several tracks offering multiple purse increases during their meets. Average purses per race day for the first quarter was $280,677, up 8.45% from 2020.

While the number of live racing days (766) was down 3.4% this year versus last, the number of races staged (6,702) and number of starts (52,211) were fractionally higher. The corresponding figures for the month of March alone showed even more dramatic increases, as the impacts of the coronavirus on racing began to increase in March 2020. A total of 292 U.S. race days took place (+36.45%) encompassing 2,563 races (+43.42%) and 19,452 starts (+39.75). Average field size of 7.59 was off 2.56% from March 2020, while average wagering per race day over just over $3.3 million represented a 3.25% decline over 2020. Average daily purse money in March was $280,129, an improvement of 7.48% from last year.

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Daughter of Treve Unveiled at Saint-Cloud

Observations on the European Racing Scene turns the spotlight on the best European races of the day, highlighting well-pedigreed horses early in their careers, horses of note returning to action and young runners that achieved notable results in the sales ring. Tuesday's Observations features daughters of Treve (Fr) (Motivator {GB}) and Goldikova (Ire) (Anabaa).
2.20 Saint-Cloud, Debutantes, €27,000, 3yo, f, 8fT
PARIS (FR) (Shalaa {Ire}), the second foal and the first filly out of the remarkable dual G1 Prix de l'Arc de Triomphe heroine Treve (Fr) (Motivator {GB}), starts out holding an entry in the G1 Prix de Diane which acted as the launchpad for her famous dam. Andre Fabre has charge of the March-foaled Al Shaqab homebred, whose 13 peers include another daughter of a true French legend in the Wertheimers' Goldistyle (Ire) (Dubawi {Ire}), the fifth progeny out of Goldikova (Ire) (Anabaa) and therefore a half-sister to the G3 Prix Cleopatre winner and Prix de Diane third Terrakova (Ire) (Galileo {Ire}) who debuts for the Carlos Laffon-Parias stable. Also in the mix is Forbidden (Fr) (Siyouni {Fr}), LNJ Foxwoods' €650,000 purchase at the 2019 Arqana Deauville August Yearling Sale, an Alain de Royer-Dupre-trained half-sister to the GII Sheepshead Bay S. runner-up Lottie (Arch).

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