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NYRA Registers All-Sources Handle Of $2.32 Billion In 2022

The New York Racing Association, Inc. (NYRA) generated all-sources handle of $2,321,863,828 during its 2022 race meets conducted at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. The year was highlighted by the summer meet at Saratoga Race Course where all-sources wagering rose to a record $878,211,963 in 2022, eclipsing the previous high-water mark by nearly 8%. In addition, the 2022 summer meet generated average daily handle of $21,955,299, which is the highest such figure in the history of Saratoga.

On-track handle in 2022, which includes New York residents wagering through NYRA Bets, totaled $291,438,542, 9.2% higher than the 2021 total of $266,978,634.

Inclement weather forced the cancellation of six race days in 2022. As a result, NYRA conducted 196 live race days with average daily handle of $11,846,244.

Average field size for the 1,855 races contested in 2022 was 7.48, a 2.6% decrease from 2021.

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Record All-Sources Handle at Woodbine

Total all-sources handle for the 2022 Thoroughbred meet at Woodbine was $621,782,346, by a wide margin the largest single-season total in the history of the track. The previous record was $533 million set in 2018.

For the first time since 2019, Woodbine was able to hold a full season of racing. Over the course of 132 live dates, a total of 1,198 races were staged. The 2020 and 2021 seasons were delayed and interrupted to varying degrees by the COVID-19 pandemic.

“We're very happy with the results of our 2022 season, our first full season in a few years,” said Jim Lawson, CEO of Woodbine Entertainment. “At the start of the pandemic, I felt that through determination and resiliency–which is the trademark of this industry–we would emerge stronger and this record all-sources handle is evidence we are on the right track.”

Woodbine officials also announced that the track took in a record $515 in foreign handle, surpassing the previous record of $420 million two years ago. The home market area was responsible for $87.2 million in handle.

An average of $519,016 was handled per race in 2022, higher than any pre-COVID season, while fields size was 8.2 runners per race, above the North American average.

“Our Racing Team did a fantastic job despite challenges in putting together competitive and sizable fields,” said Lawson. “Field size directly impacts our wagering and we're constantly looking at ways to keep our numbers healthy.”

Racing returns to the Toronto-area oval Saturday, Apr. 22, 2023. The King's Plate is scheduled for Sunday, Aug. 20.

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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 Up at Horseshoe Indianapolis

While waiting on final information from some non-commingled locations, Horseshoe Indianapolis estimated that its total all-sources handle for the track's 2022 combined Thoroughbred and Quarter Horse meet will be nearly $235 million, showing an increase of 5.2% over figures in 2021. The increase is despite running 27 fewer races than in 2021, which resulted in a per race increase of over 9%.

“Despite difficult weather conditions with rain in most of May and a string of 100-plus heat index days that forced us to either cancel or move post times away from the heat in June, we ended up showing a solid season of business in 2022,” said Eric Halstrom, Vice President and General Manager. “We have to thank the horsemen's organizations and the Indiana Horse Racing Commission for their partnership in achieving these numbers over last season, which was strong to begin with. It's definitely a group effort in moving the business levels forward in racing at Horseshoe Indianapolis.”

Included in the all-sources handle was a 6.2% increase in on-track wagering. A total of 1,192 races were held with an average field size of 8.06 horses per race, which was a marked improvement over 2021 when the average starters per race was 7.35.

The 21st season of live Thoroughbred and Quarter Horse racing at Horseshoe Indianapolis is expected to resume Tuesday, Apr. 18 for a 123-day meet. The Indiana Horse Racing Commission is set to review the proposal for 2023 at its next meeting Thursday, Dec. 1 at Harrah's Hoosier Park.

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