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Economic Indicators: Average Daily Wagering Sees Slight Decline In March

Equibase, LLC released its third monthly report of 2021 on Economic Indicators in Thoroughbred Racing on Monday, April 5. Due to the COVID-19 pandemic, Equibase has been providing monthly 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.

With the return of March Madness in 2021, the competition for a wagering dollar increased dramatically over the same period in 2020, when the tournaments were cancelled due to the pandemic. Accordingly, the average daily wagering in March of 2021 showed a 3.25 percent decline over the same month in 2020, when there was almost no competition outside the racing industry.

However, increased race days in March of 2021 (292, compared to 214 in 2020) meant that the overall wagering totals showed a 32 percent increase to $965 million.

Year-to-date wagering remains up 10.27 percent over the first quarter of 2020, while average wagering for the first three months of 2021 remains strong at 14.15 percent higher than the same period last year.

Moving forward, the continued return of fans to the racetracks could play a major role in handle, as those fans will shift from primarily ADW wagering to in-person.

March 2021 vs. March 2020
Indicator	March 2021	March 2020	% Change
Wagering on U.S. Races*	$965,796,545	$731,609,777	+32.01%
U.S. Purses	$81,797,768	$55,774,436	+46.66%
U.S. Race Days	292	214	+36.45%
U.S. Races	2,563	1,787	+43.42%
U.S. Starts	19,452	13,919	+39.75%
Average Field Size	7.59	7.79	-2.56%
Average Wagering Per Race Day	$3,307,522	$3,418,737	-3.25%
Average Purses Per Race Day	$280,129	$260,628	+7.48%

1st QTR 2021 vs. 1st QTR 2020
Indicator	1st QTR 2021	1st QTR 2020	% Change
Wagering on U.S. Races*	$2,766,096,277	$2,508,529,406	+10.27%
U.S. Purses	$214,998,406	$205,227,651	+4.76%
U.S. Race Days	766	793	-3.40%
U.S. Races	6,702	6,616	+1.30%
U.S. Starts	52,211	51,973	+0.46%
Average Field Size	7.79	7.86	-0.83%
Average Wagering Per Race Day	$3,611,092	$3,163,341	+14.15%
Average Purses Per Race Day	$280,677	$258,799	+8.45%

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

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Charles Town To Be Down For Track Maintenance Week Of April 18

In order to accommodate maintenance work being performed at the track, Hollywood Casino at Charles Town Races in West Virginia has cancelled its four live racing programs scheduled for the week of April 18. The property will remain open for simulcasting.

The track also cancelled live racing on Saturday, April 3, due to a lack of entries. Races are generally held Wednesday, Thursday, Friday, and Saturday evenings.

Following completion of the maintenance, live racing is anticipated to resume on Wednesday, April 28 with a first race post time of 7:00 P.M. EST.

The post Charles Town To Be Down For Track Maintenance Week Of April 18 appeared first on Horse Racing News | Paulick Report.

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Toast To Vino Rosso: Colt Out Of Quality Pearl Is ‘Very Forward Thinking For Such A Young Soul’

Throughout the breeding season, the Paulick Report will be sharing photos of foals from the first crop of Spendthrift Farm's Breeders' Cup Classic winner Vino Rosso in the “Toast to Vino Rosso” series.

Several breeders have discussed how Vino Rosso's generous leg was an important factor in choosing matings for their mares, and how they've been pleased with the results. Coming in a close second for what breeders have been the most pleased with from their Vino Rosso foals is their minds.

Here, we've got a Vino Rosso colt out of the Elusive Quality mare Quality Pearl, who was born on Valentine's Day, Feb. 14, at Dove Crossing Thoroughbreds in Paris, Ky.

The dam is a half-sister to multiple Grade 3 winner Matt's Broken Vow, Grade 2-placed High Button Shoes, and two additional stakes producer.

Dove Crossing's Paula Taube said the colt has shown remarkable maturity, both physically and mentally, from the time he was born.

“He's one of those babies that from the time he was an hour old, basically standing and dry, he looked like a little horse,” Taube said. “Some babies look ratty, but he already had the presence, posture, and frame. You could just see right from the get-go that everything was in the right place, and he's just matured from there. Every day, he just gets better and better.”

Taube described the colt as “brazen,” with good control between his mind and his feet. He's smart about where he steps, but he's not afraid to step wherever he needs to go.

“The other day, the wind was blowing so hard, and every horse on the farm was being crazy and spooking, and I thought, 'This is gonna be fun to bring the baby in,'” she said. “He marched into the barn like a little soldier. Never turned a hair, never batted an eye. I was so impressed by him.

“We were walking him through a puddle, and you know how most babies, the first time you go to lead them through a puddle, they act like they're going to go around it or jump over it; he just forges straight ahead,” Taube continued. “Very forward thinking for such a young soul.”

Vino Rosso, a 6-year-old son of Curlin, stands at Spendthrift Farm for an advertised fee of $25,000.

Vino Rosso won won six of 15 starts and earned $4,803,125 on the racetrack. In addition to his signature Breeders' Cup Classic score, the stallion picked up victories in the Grade 1 Gold Cup at Santa Anita Stakes, and the G2 Wood Memorial Stakes.

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KEEP Announces New Board Members

Edited Press Release

Officials at the Kentucky Equine Education Project (KEEP), Kentucky's equine economic advocate, have announced the new leadership of KEEP's Board of Directors.

The Board of Directors unanimously approved the promotion of Case Clay to become the Board's Chairman, while Kentucky horseman David Ingordo was unanimously approved to become the Board's Vice Chairman. Clay and Ingordo replace Doug Cauthen and Ken Jackson, respectively, who will both continue serving on the KEEP Board. Additionally, Courtney Schneider was added to the Board of Directors.

Clay is the Chief Commercial Officer of Three Chimneys Farm. Ingordo is the owner of Ingordo Bloodstock. Schneider is the Director of Sales at Shawhan Place and is the current President of the Kentucky Thoroughbred Farm Managers Club.

“I am thrilled to have Case and David taking on the leadership roles of the KEEP Board,” said Elisabeth Jensen, KEEP's Executive Vice President, who oversees the daily operations of the organization. “Doug and Ken did an incredible job over the past three years, shepherding KEEP through an evolution that led to our investment in workforce development and our recent legislative successes in Frankfort. I know that Case and David will build on this success and take KEEP to even great heights.”

Added Clay: “I am very excited to continue working with the staff and the Board at KEEP and building on the momentum that we have at the moment as a result of tackling the challenges we recently faced with historical horse racing. I was encouraged to see the industry come together for the greater good in a short amount of time. I think we have opportunities ahead of us with regard to growing our relationships in Frankfort, as well as engaging and including all horse breeds and disciplines in the Commonwealth.”

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