Wagering Down, Purses Up in November

Purses for U.S. races continued their positive trend in November, while wagering handle ticked down to essentially put the year's betting numbers on par with 2021's figures heading into 2022's final month, according to economic indicator figures released by Equibase Monday.

A total of $918,196,787 was bet on U.S. races in November, a 4.47% decrease from the $961,166,113 wagered in November 2021. For the year, $11,360,902,118 has been bet, just a .4% drop from the $11,406,643,956 wagered through 11 months in 2021. This year's total still represents an 11.7% increase from the number through November in 2020.

Purses totaled $123,469,492 this November, a 4.91% improvement from the $117,688,125 paid out in November 2021. For the year, purses have totaled $1,226,689,699, a healthy 10.91% jump from the $1,106,062,847 from November 2021. Compared to the COVID-affected year of 2020, purses are up an overwhelming 51.03% in 2022.

For the year, average field size in American racing is 7.26, a slight .93% drop from 7.33 in 2021 and an 8.19% decrease from 7.91 in 2020.

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Wagering, Purses Up in September

Purses rose significantly in September this year compared to September 21 while wagering on U.S. races saw a slight uptick, with a similar split showing for the third quarter of 2022 vs. 2021, according to the economic indicator statistics released by Equibase Wednesday.

Wagering totaled $936,206,774 in September, a 2.68% increase from the total of $911,734,704 in September 2021. This year's number, however, was a 9.98% drop-off from the $1,040,000,472 wagered in September 2020. Wagering per race day was $2,317,344, a 7% increase from last September, but an 18.67% drop from the $2,849,316 posted in September 2020.

In the third quarter of 2022, $3,275,502,012 was wagered, a 1.78% increase from the $3,218,160,111 in the third quarter of 2021, while year to date $9,540,539,563 has been bet, essentially flat compared to the $9,495,194,731 bet through three quarters of 2021. Average wagering per race day so far in 2022 also lines up with the 2021 numbers through three quarters at $2,960,143 and $2,965,395, respectively.

Purses for September totaled $138,277,267, a 6.96% increase from $129,279,561 in September 2021. The third quarter purse numbers were $393,292,695 this year, a 7.63% increase compared to $365,402,287 in the third quarter of 2021, while year to date $981,999,594 in purses have been paid out, a significant jump of 11.52% from the $880,553,979 awarded through three quarters in 2021.

Average field size was 7.23 in September and stands at 7.19 for the year, a slight decrease from 7.27 at this point in 2021.

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Week In Review: Another Milestone For Kentucky Downs

Another record was set Saturday at Kentucky Downs when $21,065,982 was wagered on the 12-race card. Perhaps even more impressively, Kentucky Downs out-handled Del Mar, where $19,423,928 was bet. Del Mar ran 11 races on Saturday.

That a wagering record was set was hardly a surprise considering that the card at Kentucky Downs was also the best ever offered at the sport's most unique racetrack. There were six graded stakes on the card and five of them were worth $1 million. The average field size was 11, the type of number horseplayers love.

Kentucky Downs is improving every year, but there is a way to make to make it even better. Largely because of the width of the turf course, fields are limited to 12 horses. In many races, there are 16 horses entered in a race, with four on the also-eligible list. For most tracks, limiting the number of starters to 12  wouldn't be an issue. But, according to Kentucky Downs Senior Vice President and General Manager Ted Nicholson, it's not uncommon for as many as 30 horses to enter a race, particularly in maiden races.

If Kentucky Downs does as well as it does limiting the fields to 12 horses, imagine how much more they could handle if allowing 16 horses to race. And why limit things to 16 horses? What's wrong with a 20-horse field, a 22-horse field?

Nicholson said track management is exploring its options relating to field size. It would take widening the course, particularly on the turns.

“Increasing the amount of horses that can run is something that we have talked about, but talks haven't gone that far,” he said. “We've been content with having 16 possibles and scratching down to 12. This is one of those things we probably should consider even more for next year.”

Nicholson added that the track decided to card more maiden races, which almost always have oversubscribed fields, this year. There were four on Saturday's card. It was done so that horsemen with maidens would have a better chance of getting into races rather than being shut out for the entire meet because it has been so difficult to get into those races.

“I'd much rather run a maiden race with 12 than throw up a claiming race that might scratch down to seven or eight,” Nicholson said.

Saratoga Is Growing But Is The Sport?

It was announced last week that the Saratoga meet set still another wagering record with $878,211,963 bet on the meet, a 7.7% increase over what was a record handle in 2021. If the trends continue, we may be only three or four years removed from the meet breaking the $1-billion mark, an astounding number.

But while this is good news for Saratoga and NYRA, the numbers suggest that the handle increases are not a matter of the pie growing but Saratoga taking a bigger slice of the pie. According to Equibase, through August, total handle is up just 0.24% on the year. In August, which includes the bulk of the Saratoga season, wagering was down 0.86%.

It's not just Saratoga. The numbers coming out of the top-tier tracks, particularly the boutique meets, continue to be good. That probably means that customers continue to turn away from the second and third-tier tracks and are focusing their wagering dollars on the very best simulcasting signals.

Problems for the Canadian Triple Crown

For the second year in a row, the winner of the Queen's Plate will not be running in the second leg of the Canadian Triple Crown. When entries were taken last week for Tuesday's Prince of Wales S. at Fort Erie, the field,  as expected, did not include Queen's Plate winner Moira (Ghostzapper). She is being pointed for a Grade I race and trainer Kevin Attard said he is looking at either the GI E.P. Taylor S. at Woodbine or the GI Queen Elizabeth Challenge Cup S. at Keeneland. Attard wants to give her a chance in Grade I company to enhance her resume. You can hardly blame him.

The 2021 Plate winner Safe Conduct (Bodemeister) skipped the Prince of Wales because the connections thought me might have a hard time making the transition from Woodbine's Tapeta surface to the Fort Erie dirt track.

Also sitting out the $400,000 Prince of Wales will be Queen's Plate runner-up Hall of Dreams (Lemon Drop Kid) and Queen's Plate beaten favorite Rondure (Oxbow).  The 7-5 morning-line favorite in the race is Sir for Sure (Sligo Bay {Ire}), who was third, beaten nine lengths, in the Queen's Plate.

With the race being run three weeks after the Queen's Plate and offering a purse that is modest by today's standards, the Prince of Wales has become a weak link in the Canadian Triple Crown, which also includes the Breeders' S. at Woodbine. As is this case with the U.S. Triple Crown, there is talk that the series needs to be tinkered with. One thought is to bring back a bonus structure for any horse sweeping the three races, something the Ontario tracks have done off and on over the years. Throwing some money at the problem is one possible solution.

As for the Queen's Plate, it appears that is about to undergo a name change with the death of Queen Elizabeth II. Since its inception way back in 1860, the race has been named for the reigning British monarch and has been called the Queen's Plate since 1952. As long as Woodbine sticks to tradition, the race will be renamed the King's Plate in honor of King Charles III.

New Voices in NYRA Announcer's Booth

It was announced last week that Frank Mirahmadi will take over as the announcer at Saratoga next year. It was one of a number of changes when it comes to the NYRA race-callers. John Imbriale has decided to cut back on his duties and will call the races at Belmont only. Chris Griffin, currently the announcer at Parx, will take over the duties at Aqueduct.

Mirahmadi will split his time between two of the top tracks in the sport, Saratoga and Santa Anita. Considering those assignments, his popularity and the quality of his calls, it's easy to argue that Mirahmadi deserves to be recognized as the very best in his profession.

Mirahmadi will be leaving Monmouth at the end of the current meet. If he's amenable to the idea, isn't bringing Larry Collmus back to Monmouth an obvious move?

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Wagering Down in March, Narrowly Up for First Quarter

Betting on U.S. Thoroughbred races dropped slightly in March compared to the month's total in 2021, while remaining narrowly ahead through 2022's first three months compared to its pace from the first quarter of 2021, according to Equibase's report of economic indicators released Tuesday.

Overall, $942,589,741 was wagered in March, a 2.37% decline from $965,453,678 in March of 2021. The number of race days conducted was nearly identical, with 291 being run this March compared to 292 last year, making the average wagering per race day $3,239,140, down 2.03% from last March's average of $3,306,348. Purses rose 6.15% to $86,833,249 this March compared to $81,798,689 from last year. Average field size dropped 3.03% from 7.59 horses per race to 7.36.

Through the first quarter of 2022, a total of $2,796,360,290 has been bet, a 1.09% increase from $2,766,166,337 in 2021. However, with 807 race days having been run through March this year compared to 766 by the same point in 2021, average wagering per race day is down 4.04% at $3,465,130 compared to $3,611,183. Purses are clearly outpacing last year's numbers at $244,753,188, a 13.84% increase from 2021's first quarter total of $214,998,157, while field size for the first quarter averaged 7.56, a 3% decrease from 7.79 in 2021.

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