Weather Causes Drop In January Economic Indicators

Several days of cancelled races due to weather, especially along the East Coast, led to over a 10% dip in wagering from January compared to the same time last year according to statistics released by Equibase. Last month saw 217 race days with a total of 1,853 carded races and $779,860,113 wagered (-10.76%), down from 265 days, 2,280 races and $873,842,469 wagered in Jan. '23, leading to drops in purses paid (-14.94%) and totals starts (-17.36%). On the positive side, despite those cancellations, average wagering was up (+8.99%) as was average available purses per race day (+9.97%). Field size was also up on the month with the average race seeing 7.86 runners (+1.68%).

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Wagering Does An About Face, Increases In March

After wagering dropped by a troubling 6.22% through the first two months of the year, the sport rebounded in March. According to figures released Thursday by Equibase, handle was up 2.14% during the month when compared to 2022. A total of $962,703,949 was wagered in March. In the category of average wagering per race day, there was an increase of 1.10%.

Handle is still down by 3.40% for the year.

The advances reversed a trend that began in October of last year. Handle fell by 4.93% in October and continued to drop over the next four months. From October through February, handle fell by a total of $263,808,165, for a decline of 5.8%.

The decline in handle has not affected purses, which continue to benefit from slot machines, historical horse racing and other non-racing sources. Total purses paid out in March added up to $94,783,996 for an increase of 9.16%. Through the first three months of the year, over $266 million in purses have been paid out, which represents an increase of 8.70%.

The numbers for average field size have kept pace with 2022 figures. The average field size for the year has been 7.59 starters per race, for an increase of 0.48%. And though many tracks have contracted their racing schedules in recent years, 6,977 races were run during the first three months of the year for an increase of 3.09%.

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Stars Line Up for QIPCO British Champions Day

Enable (GB) (Nathaniel {Ire}) might be retired to the Juddmonte paddocks, but there will still be plenty of equine stars spread across five group races on QIPCO British Champions Day at Ascot on Saturday, as fields were drawn on Thursday morning.

2019 G1 QIPCO Champion S. winner Magical (Ire) (Galileo {Ire}) is aiming for her second consecutive Champion S. score, and the Coolmore runner has been in prime form of late, with three Group 1 wins this season, her only loss a second to formidable frontrunner Ghaiyyath (Ire) (Dubawi {Ire}) in the G1 Juddmonte International S. in August. The 5-year-old mare leads the Ballydoyle trio of MG1SW Japan (GB) (Galileo {Ire}) and G1 Derby scorer Serpentine (Ire) (Galileo {Ire}). She defeated Ghaiyyath in the G1 Irish Champion S. at Leopardstown on Sept. 12. Last year’s G1 Champion S. runner-up Addeybb (Ire) (Pivotal {GB}) earned a brace of Group 1 wins in Australia this spring, and he ran second to the re-opposing Lord North (Ire) (Dubawi {Ire}) in the G1 Prince of Wales’s S. at Royal Ascot in June. The durable chestnut was first past the post at the listed level at Ayr on Sept. 19 for William Haggas. Besides Lord North, John Gosden sends out G1 Prix du Jockey Club winner Mishriff (Ire) (Make Believe {GB}), who landed the G2 Prix Guillaume d’Ornano at Deauville on Aug. 15.

The G1 Queen Elizabeth II S. lost some of its lustre with the absence of 2020 G1 QIPCO 2000 Guineas hero Kameko (Kitten’s Joy) and MG1SW Benbatl (GB) (Dubawi {Ire}), but that has put the focus even more firmly on fledgling miler wunderkind Palace Pier (GB) (Kingman {GB}). Sheikh Hamdan bin Mohammed Al Maktoum’s undefeated colt stunned in the G1 St James’s Palace S. in June and backed up those claims in heavy ground in the G1 Prix Jacques le Marois at Deauville in August. This year’s G1 Queen Anne S. hero Circus Maximus (Ire) (Galileo {Ire}), one of three from Ballydoyle, ran second in the G1 Sussex S. in July before taking third to Palace Pier in the Prix Jacques le Marois. The Flaxman Stables/Coolmore partners colourbearer was most recently third in the G1 Prix du Moulin at ParisLongchamp on Sept. 6. Shadwell’s Oct. 3 G1 Kingdom of Bahrain Sun Chariot S. heroine Nazeef (GB) (Invincible Spirit {Ire}) and Oct. 3 G2 Prix Daniel Wildenstein victor The Revenant (GB) (Dubawi {Ire}) could also both provide stiff challenges on Saturday.

If Hollie Doyle triumphs aboard 4-year-old filly Dame Malliot (GB) (Champs Elysees {GB}) in the G1 QIPCO British Champions Fillies & Mares S., it would be one of the stories of the weekend, as it would  be Doyle’s first win out of the top drawer. Ed Vaughan’s dual Group 2 winner ran third in both the G1 Preis von Europa in August and the Sept. 13 G1 Qatar Prix Vermeille and is a solid chance. She faces ace sophomores Wonderful Tonight (Fr) (Le Havre {Ire}), who won the G1 Qatar Prix de Royallieu for David Menuisier on Oct. 3, and Ger Lyons’s G1 Juddmonte Irish Oaks heroine Even So (Ire) (Camelot {GB}) among others.

Despite the absence of Shadwell’s grey speedball Battaash (Ire) (Dark Angel {Ire}), quality is rampant throughout the 17-strong G1 QIPCO British Champions Sprint S. field. Lael Stable’s One Master (GB) (Fastnet Rock {Aus}) will try to go one better than in 2019 and enters off her third straight G1 Qatar Prix de la Foret victory. However, the 6-year-old mare is not the only entrant coming in off a Group 1 victory, as Roger Teal trainee Oxted (GB) (Mayson {GB}) resurfaces after a score in the G1 July Cup S. on July 11 and a wind operation. Dream of Dreams (Ire) (Dream Ahead), the top-rated horse in the field, bettered Glen Shiel (GB) (Pivotal {GB}) by 1 1/4 lengths in Haydock’s G1 Betfair Sprint Cup S. on Sept. 5. Andrew Balding saddles the progressive Happy Power (Ire) (Dark Angel {Ire}) looking for the colt’s fourth-straight win, building on the back of scores in the Aug. 30 G3 Supreme S. and Newmarket’s G2 Challenge S. on Oct. 9.

A baker’s dozen step up for the opening race, with 2018 winner Stradivarius (Ire) (Sea The Stars {Ire}) out to regain his crown in the G2 QIPCO British Champions Long Distance Cup. The game Bjorn Nielsen runner was second last term to Kew Gardens (Ire) (Galileo {Ire}). Twice a winner at the highest level in 2020, he was last in action when seventh in the G1 Qatar Prix de l’Arc de Triomphe. The chestnut faces two-time G1 Irish St Leger heroine Search For a Song (Ire) (Galileo {Ire}) for Moyglare Stud, 2019 G1 Irish Derby winner Sovereign (Ire) (Galileo {Ire})-one of three for Aidan O’Brien, 2020 Irish St. Leger bridesmaid Fujaira Prince (Ire) (Pivotal {GB}), and G2 Doncaster Cup S. hero Spanish Mission (Noble Mission {GB}) for Team Valor and Gary Barber.

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Pasture Renovations Will Help Spendthrift Farm Implement Rotational Grazing

Spendthrift Farm is one of Lexington's iconic Thoroughbred breeding and racing operations. Due to recent expansion, the farm wanted to renovate some unused fields and develop them into pastures to use in a rotational grazing system. They turned to forage experts with the Horse Pasture Evaluation Program in the University of Kentucky College of Agriculture, Food and Environment for their recommendations.

“The Horse Pasture Evaluation Program is a good tool for all horse farms to use,” said Robbie Moreland, Spendthrift maintenance manager. “It gives us options and guidelines that we can use to develop the land to suit our needs.”

Spendthrift Farm has worked with Krista Lea, UK research analyst, and Ray Smith, UK forage extension specialist, for a number of years to evaluate and renovate fields on their main farm through the program.

“They have done a good job of implementing grazing rotations, as well as removing fescue from some key broodmare fields and having good success with over seeding,” Lea said. “This was our first endeavor with them trying to completely re-establish a pasture.”

The pasture renovation that began in summer 2019 includes 130 acres of an adjoining property the farm purchased a few years back but had not fully incorporated into their operation.

“The land was physically rough, and the grass was consumed by weeds. We decided the best thing to do was just to start completely over again and develop a grass pasture,” Moreland said.

Farm management wanted to establish pastures that were healthy and beneficial for their horses and good for the natural environment. In 2019, they opted to kill off the existing vegetation using tillage, rather than a traditional field burndown with glyphosate. They reseeded the fields with a mixture of bluegrass, orchardgrass and perennial ryegrass. Even though Central Kentucky experienced a drought last fall, the seed germinated and created a lush stand of grass.

Moreland said Spendthrift plans to start fencing the renovated pasture and building a barn this fall, with the goal of allowing horses to graze in the pasture in the spring. Moreland said it was important to the farm to slowly and methodically prepare the ground for grazing.

“We would like to keep these pastures lush,” Moreland said. “To do this, we are going to use it as a pasture rotation with our main farm. The new pastures and barn will be used for our mares and weanlings.”

Spendthrift Farm is just one of the farms the Horse Pasture Evaluation Program advises each year. From its beginnings in 2005 to 2019, the program conducted more than 250 evaluations on horse farms of all sizes and breeds. In 2020, Lea and her student interns have evaluated nearly 30 farms. This is the highest number of operations they have serviced in any one year.

“A high-quality pasture is beneficial to both horses and the environment,” Lea said. “It allows horses to select the best possible forage and stay away from undesirable weeds. We know that good quality pasture maintains a lot of cover, and that reduces soil erosion, prevents nutrients from leaching off that pasture and maintains the soil that is there.”

More information about the program is available here.

Read more here.

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