Tag: economic indicators

U.S. Wagering, Purses Climb in February

Total wagering on U.S. races topped $911 million and purse money exceeded $75 million in the month of February, according to statistics released Friday by Equibase.

Compared to the $840.5 million wagered on U.S. races in 2021, the current figure represented a healthy gain of 8.39% while purse money rose by a whopping 22.09%. The number of U.S. race days and number of races run each increased by double digits, though average field size and the average wagering per race day declined modestly. Average purses per race day were $295,009, an increase of 4.04% over 2021.

When compared to February 2020, weeks before the COVID-19 pandemic began to wreak havoc on North American racing, wagering this year was ahead by 1.09%, while U.S. purses were down by about 2%.

The post U.S. Wagering, Purses Climb in February appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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Total Wagering Dips Slightly In January; Purses Show Renewed Strength To Begin 2022

Equibase, North American racing's official database, released Friday its January statistics for the industry's economic indicators, including field size, wagering, and other data, along with 2019 and 2020 comparables. The 2019 data is included as a pre-COVID-19 comparison.

Equibase is continuing to provide monthly reporting of its Economic Indicators Advisories as a service to the industry and in consideration of the economic changes resulting from the COVID-19 pandemic.

The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year.

Total wagering on U.S. races saw a slight decline in January, dropping 1.82 percent from the first month of 2021 to the first month of 2022. With the 1.57 percent increase in race days, average wagering per race day also declined by 3.34 percent.

Compared to the first months of 2020 and 2019, however, total wagering was up 7.65 percent and 19.98 percent, respectively.

U.S. purses showed renewed strength to begin 2022, up by 15.48 percent compared to the same period last year, rising above $82 million. That figure is up by 13.85 percent since 2020, and by 4.71 percent since 2019.

Field size is down by 4.12 percent over last year, and by more than two percent compared to 2020 and 2019.

January 2022 vs. January 2021
Indicator January 2022 January 2021 % Change
Wagering on U.S. Races* $942,654,762 $960,160,298 -1.82%
U.S. Purses $82,103,062 $71,098,677 +15.48%
U.S. Race Days 259 255 +1.57%
U.S. Races 2,186 2,211 -1.13%
U.S. Starts 16,949 17,879 -5.20%
Average Field Size 7.75 8.09 -4.12%
Average Wagering Per Race Day $3,639,594 $3,765,335 -3.34%
Average Purses Per Race Day $317,000 $278,818 +13.69%

2020 Comparison:

January 2022 vs. January 2020
Indicator January 2022 January 2020 % Change
Wagering on U.S. Races* $942,654,762 $875,647,020 +7.65%
U.S. Purses $82,103,062 $72,116,730 +13.85%
U.S. Race Days 259 283 -8.48%
U.S. Races 2,186 2,352 -7.06%
U.S. Starts 16,949 18,692 -9.32%
Average Field Size 7.75 7.95 -2.44%
Average Wagering Per Race Day $3,639,594 $3,094,159 +17.63%
Average Purses Per Race Day $317,000 $254,829 +24.40%

2019 Comparison:

January 2022 vs. January 2019
Indicator January 2022 January 2019 % Change
Wagering on U.S. Races* $942,654,762 $785,689,337 +19.98%
U.S. Purses $82,103,062 $78,410,368 +4.71%
U.S. Race Days 259 265 -2.26%
U.S. Races 2,186 2,278 -4.04%
U.S. Starts 16,949 18,137 -6.55%
Average Field Size 7.75 7.96 -2.62%
Average Wagering Per Race Day $3,639,594 $2,964,865 +22.76%
Average Purses Per Race Day $317,000 $295,888 +7.14%

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Wagering Slides, Prize Money Jumps in January

According to statistics released Feb. 4 by Equibase, wagering on North American racing during the first month of the new year totaled $942.6 million, a decrease of 1.82% from the corresponding figure from 2021, while owners raced for purse money of better than $82 million combined, a whopping 15.48% more than the $71.1 million from 12 months ago.

Despite the wintry weather that annually claims its fair share of programs and a pause in racing in Maryland owing to track maintenance, the number of race days increased fractionally last month to 259 from 255 last year (+1.57%), though the actual number of races, starts and field size each posted declines.

Average wagering per-race day declined by 3.34% to $3.64 million from $3.77 million last year, but given the hefty rise in prize money, purses per race day averaged $317,000, a solid increase from $278,818 in 2021.

When compared to pre-pandemic levels in 2020, U.S. purses rose by 13.85%, while average daily purse levels improved by 24.4%.

The post Wagering Slides, Prize Money Jumps in January appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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Economic Indicators: U.S. Wagering Tops $12 Billion In 2021 For Highest Total Handle Since 2009

Equibase, North American racing's official database, on Wednesday released its 2021 statistics for the industry's economic indicators, including field size, wagering, and other data, along with 2019 and 2020 comparables. The 2019 data is included as a  pre-COVID-19 comparison.

Total handle on U.S. races in 2021 topped $12 billion, reaching the highest figure since 2009. That number represents an 11.86 percent increase over wagering in 2020 ($10.9B), and an increase of 10.74 percent compared to 2019 ($11B).

By comparison, the 2009 wagering total of $12.3 billion came from a total of 49,368 races. The 2021 wagering totals were from 33,567 races, a 32 percent decline in the number of races.

“Against an extraordinarily difficult backdrop, the resiliency of Thoroughbred racing was on full display in 2021 as we concluded the year with significant growth in purses and total handle of more than $12 billion, the highest since 2009,” said Tom Rooney, president and chief executive officer of the National Thoroughbred Racing Association. “We thank our customers for their ongoing support as their wagering dollars continue to fuel our industry. As we turn the page to 2022, we look forward to the beginning of a new era for U.S. Thoroughbred racing with the launch of the Horseracing Integrity and Safety Act (HISA) and an even greater focus on equine safety and welfare and the integrity of America's oldest sport.”

Race days and starts both increased over 2020, which is expected after the pandemic shut down much of the U.S.'s live racing last year, but average field size showed a decline of 7.2 percent from 2020 to 2021. Over the same period, despite an increase of 10 percent in average purses per race day, average wagering per race day showed a 9.29 percent decline.

As compared to the pre-pandemic year of 2019, however, average wagering per race day showed an over 20 percent increase in 2021 as the number of race days fell by 7.98 percent. That's despite the average field size dropping from 7.53 in 2019 to 7.37 in 2021.

Total purses showed the largest percentage increase from 2020 to 2021, up 35.77 percent and 10.09 percent per race day.

Overall, the numbers suggest the horse racing industry is recovering from the pandemic, but also that it is struggling to retain field size as foal crops have declined in numbers.

YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $12,218,407,637 $10,922,936,290 +11.86%
U.S. Purses $1,180,853,677 $869,771,206 +35.77%
U.S. Race Days 4,072 3,302 +23.32%
U.S. Races 33,567 27,700 +21.18%
U.S. Starts 247,416 220,006 +12.46%
Average Field Size 7.37 7.94 -7.20%
Average Wagering Per Race Day $3,000,591 $3,307,976 -9.29%
Average Purses Per Race Day $289,994 $263,407 +10.09%

 

1st Half 2021 vs. 1st Half 2020
Indicator 1st Half 2021 1st Half 2020 % Change
Wagering on U.S. Races* $6,279,039,094 $5,054,526,907 +24.23%
U.S. Purses $515,151,692 $324,168,648 +58.91%
U.S. Race Days 1,881 1,301 +44.58%
U.S. Races 15,792 10,906 +44.80%
U.S. Starts 117,303 88,074 +33.19%
Average Field Size 7.43 8.08 -8.02%
Average Wagering Per Race Day $3,338,139 $3,885,109 -14.08%
Average Purses Per Race Day $273,871 $249,169 +9.91%

 

2nd Half 2021 vs. 2nd Half 2020
Indicator 2nd Half 2021 2nd Half 2020 % Change
Wagering on U.S. Races* $5,939,368,543 $5,868,409,383 +1.21%
U.S. Purses $665,701,985 $545,602,558 +22.01%
U.S. Race Days 2,191 2,001 +9.50%
U.S. Races 17,775 16,794 +5.84%
U.S. Starts 130,113 131,932 -1.38%
Average Field Size 7.32 7.86 -6.82%
Average Wagering Per Race Day $2,710,803 $2,932,738 -7.57%
Average Purses Per Race Day $303,835 $272,665 +11.43%

 

4th QTR 2021 vs. 4th QTR 2020
Indicator 4th QTR 2021 4th QTR 2020 % Change
Wagering on U.S. Races* $2,720,738,901 $2,576,392,869 +5.60%
U.S. Purses $300,299,698 $240,534,957 +24.85%
U.S. Race Days 870 793 +9.71%
U.S. Races 7,339 6,805 +7.85%
U.S. Starts 56,789 55,530 +2.27%
Average Field Size 7.74 8.16 -5.17%
Average Wagering Per Race Day $3,127,286 $3,248,919 -3.74%
Average Purses Per Race Day $345,172 $303,323 +13.80%

 

December 2021 vs. December 2020
Indicator December 2021 December 2020 % Change
Wagering on U.S. Races* $808,907,627 $751,783,126 +7.60%
U.S. Purses $74,777,035 $57,534,410 +29.97%
U.S. Race Days 251 229 +9.61%
U.S. Races 2,151 2,008 +7.12%
U.S. Starts 17,257 16,884 +2.21%
Average Field Size 8.02 8.41 -4.59%
Average Wagering Per Race Day $3,222,740 $3,282,896 -1.83%
Average Purses Per Race Day $297,916 $251,242 +18.58%

2019 Comparisons:

YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $12,218,407,637 $11,033,824,363 +10.74%
U.S. Purses $1,180,853,677 $1,167,920,667 +1.11%
U.S. Race Days 4,072 4,425 -7.98%
U.S. Races 33,567 36,207 -7.29%
U.S. Starts 247,416 272,553 -9.22%
Average Field Size 7.37 7.53 -2.08%
Average Wagering Per Race Day $3,000,591 $2,493,520 +20.34%
Average Purses Per Race Day $289,994 $263,937 +9.87%

 

1st Half 2021 vs. 1st Half 2019
Indicator 1st Half 2021 1st Half 2019 % Change
Wagering on U.S. Races* $6,279,039,094 $5,672,774,271 +10.69%
U.S. Purses $515,151,692 $544,002,132 -5.30%
U.S. Race Days 1,881 2,104 -10.60%
U.S. Races 15,792 17,457 -9.54%
U.S. Starts 117,303 130,239 -9.93%
Average Field Size 7.43 7.46 -0.44%
Average Wagering Per Race Day $3,338,139 $2,696,185 +23.81%
Average Purses Per Race Day $273,871 $258,556 +5.92%

  

2nd Half 2021 vs. 2nd Half 2019
Indicator 2nd Half 2021 2nd Half 2019 % Change
Wagering on U.S. Races* $5,939,368,543 $5,361,050,092 +10.79%
U.S. Purses $665,701,985 $623,918,535 +6.70%
U.S. Race Days 2,191 2,321 -5.60%
U.S. Races 17,775 18,750 -5.20%
U.S. Starts 130,113 142,314 -8.57%
Average Field Size 7.32 7.59 -3.56%
Average Wagering Per Race Day $2,710,803 $2,309,802 +17.36%
Average Purses Per Race Day $303,835 $268,815 +13.03%

 

4th QTR 2021 vs. 4th QTR 2019
Indicator 4th QTR 2021 4th QTR 2019 % Change
Wagering on U.S. Races* $2,720,738,901 $2,439,642,344 +11.52%
U.S. Purses $300,299,698 $274,053,649 +9.58%
U.S. Race Days 870 910 -4.40%
U.S. Races 7,339 7,653 -4.10%
U.S. Starts 56,789 61,576 -7.77%
Average Field Size 7.74 8.05 -3.83%
Average Wagering Per Race Day $3,127,286 $2,680,926 +16.65%
Average Purses Per Race Day $345,172 $301,158 +14.61%

 

December 2021 vs. December 2019
Indicator December 2021 December 2019 % Change
Wagering on U.S. Races* $808,907,627 $707,728,171 +14.30%
U.S. Purses $74,777,035 $66,315,581 +12.76%
U.S. Race Days 251 252 -0.40%
U.S. Races 2,151 2,169 -0.83%
U.S. Starts 17,257 17,561 -1.73%
Average Field Size 8.02 8.10 -0.91%
Average Wagering Per Race Day $3,222,740 $2,808,445 +14.75%
Average Purses Per Race Day $297,916 $263,157 +13.21%

The post Economic Indicators: U.S. Wagering Tops $12 Billion In 2021 For Highest Total Handle Since 2009 appeared first on Horse Racing News | Paulick Report.

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