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Lone Star Concludes Thoroughbred Meet With Record Increase In Average Daily Handle

Lone Star Park concluded its 24th Thoroughbred Racing Season on Wednesday, August 12 with a record $2.1 Million in average daily handle from off track sources. The previous high mark was in 2002 when the average was just over $2 Million per day. The meet saw a record increase of 131% in average daily all-source handle from 2019.

Overall this season marked the highest amount handled per day since 2004, the same year Lone Star Park hosted the Breeders' Cup, with an average daily all-source handle of just over $2.2 Million.

“With the success of this season behind us, we are eager to keep the momentum going into next year and feel the future is bright for horse racing at Lone Star Park and in Texas,” said Kent Slabotsky, Vice President of Operations.

Total Purses paid increased by $95,000 per day or 34% as part of House Bill 2463 from $166,000 per day up to $261,000 per day. This increase in purses led to an increase in field size by over 20%.

Highlights of the season included witnessing jockey Stewart Elliott, famed rider of Smarty Jones, who just missed the Triple Crown of 2004, winning his career 5,000th race here.

Meet leaders were Hall of Fame trainer Steve Asmussen who won 50 races worth $1,463,385 during the season. As Lone Star Park's all-time leading trainer, this was his 13th season leading title here at the Grand Prairie track.

Jockey Ramon A. Vazquez was the top among the jockeys with 58 wins totaling $1,343,946 in purse money. This was his first ever season riding at Lone Star Park.

Mike Sisk of M and M Racing was top owner of the meet. His stable scored 29 wins worth a total of $587,235 in earnings.

Lone Star Park's 2020 Quarter Horse Season opens Friday, September 4 and runs through Saturday, November 28.

The post Lone Star Concludes Thoroughbred Meet With Record Increase In Average Daily Handle appeared first on Horse Racing News | Paulick Report.

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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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TIF Special Report: Racing Not Only For the Elite

Instead of #FreeDataFriday, the Thoroughbred Idea Foundation is released a special report: “Racing Not Only For (the) Elite,” which focuses on wagering and the horseplayer,

The TIF stated that: “The report is the culmination of months of research, conversations across informed pockets of the industry and extreme frustration. The frustration is grounded in an assessment of the current state of racing when combined with the realization that the industry commissioned a detailed study that identified these current issues 16 years ago, when their impact was far smaller than it is now.”

Click here for the executive summary for the report or here to read the full report.

The post TIF Special Report: Racing Not Only For the Elite appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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Del Mar Will Increase Purses By 10 Percent, Add Stakes Race Back To Calendar

Del Mar Thoroughbred Club announced Thursday a 10 percent purse increase after a solid opening span of racing days during the month of July. The increase will be retroactive back to the track's first day, July 10.

Del Mar also announced the addition of a stakes race to its calendar – the $75,000 Del Mar Juvenile Filly Turf, a one-mile spin on the grass for 2-year-old fillies that will be held on Sunday, Sept. 6. The race had been a regular feature here the previous eight years, but had been dropped from the original stakes schedule due to belt tightening measures.

Between July 10 and July 27 Del Mar conducted seven days of racing and — though it has not had fans on board any of those days as a safety measure tied to the coronavirus pandemic — it saw wagering amounting to $133,841,412 flow from its online and satellite services, an increase of more than 5 percent over similar dates last year.

“Our horsemen have been terrific and our customers have responded very positively to what we're presenting,” said Tom Robbins, Del Mar's executive vice president for racing. “We've been running either 11- or 10-race cards and our field size is up to 8.6 in the early going. We're very pleased to offer this purse boost in conjunction with how the meet has unfolded so far.”

Last summer the track's average field size finished at 8.0 per race.

Del Mar's summer season is scheduled through Labor Day Monday, September 7 with racing on Fridays, Saturdays and Sundays.

However, in response to the cancellation of racing on its second week, the track added Monday racing on July 27 with a 10-race card that drew a solid $11.6 million in wagers. Del Mar officials have indicated that they plan to make up their second and third missing days from week two with an added race day and additional races on scheduled cards.

“We are pleased to announce this well-deserved purse increase to the horsemen and women competing at Del Mar,” said Thoroughbred of Owners of California chairman Nick Alexander. “It is very encouraging to see the positive response at the entry box and from bettors on Del Mar's races. We look forward to continuing to partner with management on another world-class race meet at Del Mar.”

The track returns to action Friday with six stakes races planned over the three-day weekend. Among the upcoming highlights are the Grade I, $250,000 Bing Crosby Stakes at six furlongs and the $100,000 Shared Belief Stakes at a mile and one-sixteenth for 3-year-olds, both this Saturday. The Shared Belief will be the first time the track has offered a “points” race for the Kentucky Derby, which this year has been shifted from the first Saturday in May to the first Saturday in September.

Additionally, this forthcoming weekend will offer the foremost race at the stand for older fillies and mares, the Grade I, $250,000 Clement L. Hirsch Stakes on Sunday.

First post on all days throughout the meeting is 2 p.m.

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