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Economic Indicators: September Derby Bolsters Monthly Handle

Equibase, LLC released its monthly report on Economic Indicators in Thoroughbred Racing this Monday, Oct. 5. Due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its 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.

The Kentucky Derby's delayed date on the first Saturday in September caused a significant wagering jump for the year-over-year comparisons to the same month in 2019, an increase of 29.64 percent. Churchill reported a significant decrease in Kentucky Derby day wagering, however, down nearly 50 percent compared to the race held on the first Saturday in May in 2019.

Churchill Downs attributed the decline in handle for this year's Derby Day program to the lack of on-track wagering, fewer horses per race including in the Kentucky Derby race, and a prohibitive favorite in the Derby.

Overall, wagering in 2020 is down just 2.86 percent through September, a jump from the difference of -6.20 percent reported at the end of August. Average daily wagering continues to show a positive trend as well, up 36.10 percent through the first nine months of 2020 compared to the first nine months of 2019.

September 2020 vs. September 2019
Indicator	September 2020	September 2019	% Change
Wagering on U.S. Races*	$1,039,737,336	$801,998,134	+29.64%
U.S. Purses	$110,251,841	$118,229,293	-6.75%
U.S. Race Days	365	412	-11.41%
U.S. Races	3,101	3,329	-6.85%
U.S. Starts	24,447	25,231	-3.11%
Average Field Size	7.88	7.58	+4.02%
Average Wagering Per Race Day	$2,848,595	$1,946,597	+46.34%
Average Purses Per Race Day	$302,060	$286,964	+5.26%

3rd QTR 2020 vs. 3rd QTR 2019
Indicator	3rd QTR 2020	3rd QTR 2019	% Change
Wagering on U.S. Races*	$3,293,292,589	$2,921,407,748	+12.73%
U.S. Purses	$305,013,587	$349,865,237	-12.82%
U.S. Race Days	1,208	1,411	-14.39%
U.S. Races	9,989	11,097	-9.98%
U.S. Starts	76,402	80,738	-5.37%
Average Field Size	7.65	7.28	+5.13%
Average Wagering Per Race Day	$2,726,236	$2,070,452	+31.67%
Average Purses Per Race Day	$252,495	$247,956	+1.83%

YTD 2020 vs. YTD 2019
Indicator	YTD 2020	YTD 2019	% Change
Wagering on U.S. Races*	$8,348,815,108	$8,594,182,019	-2.86%
U.S. Purses	$629,176,645	$893,867,369	-29.61%
U.S. Race Days	2,509	3,515	-28.62%
U.S. Races	20,895	28,554	-26.82%
U.S. Starts	164,476	210,977	-22.04%
Average Field Size	7.87	7.39	+6.53%
Average Wagering Per Race Day	$3,327,547	$2,445,002	+36.10%
Average Purses Per Race Day	$250,768	$254,301	-1.39%

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

The post Economic Indicators: September Derby Bolsters Monthly Handle appeared first on Horse Racing News | Paulick Report.

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Economic Indicators: Average Daily Handle Stays Strong In August

Equibase, LLC released its monthly report on Economic Indicators in Thoroughbred Racing this Friday, Sept. 4. Due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its 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.

Wagering on U.S. races dropped a bit in August 2020 compared to the same month in 2019, down 1.92 percent, but average daily handle continues to show year-over-year increases as the pandemic continues to wreak havoc on sports schedules. In August, average daily handle was up 13.50 percent in 2020 over the same period in 2019.

Year-to-date numbers show a similar trend, with average daily handle up 35.75 percent for the first eight months of 2020.

Since the Kentucky Derby has not yet been held, it will be interesting to see how much recovery the figure for year-to-date total wagering will make after this Saturday's Run for the Roses, even without fans in attendance. Currently, total annual wagering is down just 6.20 percent, which is already an improvement over last month's 6.96 percent difference.

August 2020 vs. August 2019
Indicator	August 2020	August 2019	% Change
Wagering on U.S. Races*	$1,154,522,663	$1,177,165,980	-1.92%
U.S. Purses	$104,515,752	$128,293,370	-18.53%
U.S. Race Days	445	515	-13.59%
U.S. Races	3,607	4,026	-10.41%
U.S. Starts	26,964	28,895	-6.68%
Average Field Size	7.48	7.18	+4.16%
Average Wagering Per Race Day	$2,594,433	$2,285,759	+13.50%
Average Purses Per Race Day	$234,867	$249,113	-5.72%

YTD 2020 vs. YTD 2019
Indicator	YTD 2020	YTD 2019	% Change
Wagering on U.S. Races*	$7,308,988,910	$7,792,183,885	-6.20%
U.S. Purses	$518,901,054	$775,638,076	-33.10%
U.S. Race Days	2,144	3,103	-30.91%
U.S. Races	17,793	25,225	-29.46%
U.S. Starts	140,022	185,746	-24.62%
Average Field Size	7.87	7.36	+6.87%
Average Wagering Per Race Day	$3,409,043	$2,511,178	+35.75%
Average Purses Per Race Day	$242,025	$249,964	-3.18%

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

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Economic Indicators: Total 2020 Handle Continues To Show Signs Of Recovery

Equibase, LLC released its monthly report on Economic Indicators in Thoroughbred Racing this Wednesday, Aug. 5. Due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its 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.

While the pandemic means most tracks are currently racing without fans, average daily wagering in 2020 continues to show strong increases over 2019 numbers as racing remains one of the few sports able to operate in concert with pandemic protocols. In the month of July, average daily wagering was up 41.83 percent in 2020, while the year-to-date figures show an increase of 41.72 percent.

Overall wagering figures are still showing the effects of the rescheduled Kentucky Derby, though year-to-date total handle is down just 6.96 percent thus far in 2020. Considering that the total number of race days and races held in 2020 are down 34.25 percent and 33.08 percent, respectively, the total handle is actually doing quite well.

Additionally, numbers from the first six months of 2020 showed year-to-date wagering down 10.88 percent, so the differential is decreasing as 2020 goes on and racing adjusts to a “new normal.”

Whether the Kentucky Derby will be able to be held with fans present remains to be seen, and that could affect how handle continues to recover through the remaining months of one of the most unique years in recent history.

July 2020 vs. July 2019
Indicator	July 2020	July 2019	% Change
Wagering on U.S. Races*	$1,098,943,728	$942,243,633	+16.63%
U.S. Purses	$90,224,084	$103,342,574	-12.69%
U.S. Race Days	398	484	-17.77%
U.S. Races	3,280	3,742	-12.35%
U.S. Starts	24,984	26,612	-6.12%
Average Field Size	7.62	7.11	+7.11%
Average Wagering Per Race Day	$2,761,165	$1,946,784	+41.83%
Average Purses Per Race Day	$226,694	$213,518	+6.17%

YTD 2020 vs. YTD 2019
Indicator	YTD 2020	YTD 2019	% Change
Wagering on U.S. Races*	$6,154,466,247	$6,615,017,905	-6.96%
U.S. Purses	$414,380,742	$647,344,706	-35.99%
U.S. Race Days	1,699	2,588	-34.35%
U.S. Races	14,186	21,199	-33.08%
U.S. Starts	113,058	156,851	-27.92%
Average Field Size	7.97	7.40	+7.71%
Average Wagering Per Race Day	$3,622,405	$2,556,035	+41.72%
Average Purses Per Race Day	$243,897	$250,133	-2.49%

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Economic Indicators: Pandemic, Derby Date Change Have Year-To-Date Wagering Down 10.88 Percent

Equibase, LLC released its monthly report on Economic Indicators in Thoroughbred Racing this Monday, June 6. Due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its 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.

June's numbers show a slight increase in total wagering, up 0.76 percent over the same month in 2019, a small positive change as racing across the country has resumed in the past month.

Most tracks are operating without fans in attendance, though some have begun to allow a small number of fans and owners to attend racing or morning training.

Still, the numbers for the second quarter demonstrate the affect that the pandemic has had on the racing industry. The total wagering from April through June of 2020 is down 18.85 percent over the same three-month period of 2019; considering that the rescheduled Kentucky Derby was not included in that period this year, that difference is not as significant as it might otherwise seem.

Overall, year-to-date wagering has decreased 10.88 percent compared to the first six months of 2019.

Due to the cancellation of almost every major sporting event across the world, average wagering per race day showed a dramatic increase of 67.60 percent from April 2019 to April 2020. The average racing per race day in the second quarter is up 101.28 percent over the same period of 2019, while year-to-date average wagering per race day has increased 44.12 percent from the first four months of 2019 to the first four months of 2020.

June 2020 vs. June 2019
Indicator	June 2020	June 2019	% Change
Wagering on U.S. Races*	$998,448,300	$990,923,384	+0.76%
U.S. Purses	$69,463,605	$115,194,834	-39.70%
U.S. Race Days	300	499	-39.88%
U.S. Races	2,485	3,905	-36.36%
U.S. Starts	20,146	27,726	-27.34%
Average Field Size	8.11	7.10	+14.18%
Average Wagering Per Race Day	$3,328,161	$1,985,818	+67.60%
Average Purses Per Race Day	$231,545	$230,851	+0.30%

2nd QTR 2020 vs. 2nd QTR 2019
Indicator	2nd QTR 2020	2nd QTR 2019	% Change
Wagering on U.S. Races*	$2,546,352,350	$3,137,805,499	-18.85%
U.S. Purses	$118,929,007	$316,882,492	-62.47%
U.S. Race Days	508	1,260	-59.68%
U.S. Races	4,290	10,167	-57.80%
U.S. Starts	36,101	73,409	-50.82%
Average Field Size	8.42	7.22	+16.55%
Average Wagering Per Race Day	$5,012,505	$2,490,322	+101.28%
Average Purses Per Race Day	$234,112	$251,494	-6.91%

YTD 2020 vs. YTD 2019
Indicator	YTD 2020	YTD 2019	% Change
Wagering on U.S. Races*	$5,055,522,519	$5,672,774,271	-10.88%
U.S. Purses	$324,156,658	$544,002,132	-40.41%
U.S. Race Days	1,301	2,104	-38.17%
U.S. Races	10,906	17,457	-37.53%
U.S. Starts	88,074	130,239	-32.38%
Average Field Size	8.08	7.46	+8.25%
Average Wagering Per Race Day	$3,885,874	$2,696,185	+44.12%
Average Purses Per Race Day	$249,160	$258,556	-3.63%

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

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