Wagering in 2023 Continues Slight Decline Through May

Worldwide commingled wagering on U.S. races fell year-to-date in 2023 by 2.81% from $5,288,282,017 last year to $5,139,620,402 this year when compared to corresponding figures in 2022. Paid-out purses rose by 2.85% as the number of race days fell by 1.87% and the number of races fell slightly from 12,515 in 2022 to 12,353 in 2023. The average available purses per race day experienced the most significant increase, a bump of almost 9% to $331,188 from 2022's $303,894. Average field size also rose from 7.33 starters in 2022 to 7.47 starters in 2023, year-to-date.

Despite record all-sources wagering on Kentucky Derby 149, May figures for 2023 fell by 1.54% from $1,414,453,489 last year to $1,392,723,387 this season and just about everything experienced a downturn with paid-out purses falling 2.69%, race days down 7.27%, number of races run down 6.89%, and the total number of starts down by 2.88% in May 2023. Average field size and available purses per race day were again up by 4.32% and 8.66%, respectively, while average wagering per race day had a bump of 6.18% this season.

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Churchill Downs Releases Official Art For Derby 2023

Churchill Downs Racetrack on Tuesday released the 2023 “Official Art of the Kentucky Derby” created this year by renowned international artist Romero Britto.

Britto's work for the 149th Kentucky Derby presented by Woodford Reserve highlights his iconic approach of mixing bright colors with unique patterns. With sparkling, textured accents and elements of pop graphics, the art features subtle details that bring the racetrack scene to life, highlighting the energy and excitement of the Derby in a modern way.

“The Kentucky Derby has such a rich history, and we are thrilled to collaborate with Romero Britto to commemorate the 149th running with artwork that brings a modern perspective to our longstanding tradition,” Casey C. Ramage, Churchill Downs' Vice President of Marketing and Partnerships, said. “Working with an icon like Britto is an exciting opportunity for us to connect with new fans around the globe through this visually compelling representation of the fun and exhilaration of the Derby experience.”

Britto will also attend this year's event to watch the race and participate in a variety of Derby week special activities, including sitting on the judging panel for the Longines Kentucky Oaks Fashion Contest. Britto's work will be featured on the 2023 Kentucky Derby and Kentucky Oaks official racing programs and a variety of merchandise, and 1,000 limited-edition prints will be available for purchase starting December 6, 2022, at www.KentuckyDerbyStore.com. All other items will be available for purchase beginning in late February.

“I'm honored to partner with Churchill Downs to unveil the official art of this year's Kentucky Derby and celebrate this spectacular occasion,” Britto said.

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