kentucky derby wagering | Horse Racing Free Tips

Churchill Downs Incorporated reported that 51,838 fans were on hand to witness Medina Spirit's victory in the 147th running of the Grade 1 Kentucky Derby at Churchill Downs racetrack in Louisville, Ky.

Wagering from all-sources on the Kentucky Derby Day program totaled $233.0 million, up 85% compared to the 2020 Kentucky Derby Day program held without spectators last Sept. 5. All-sources wagering on the Kentucky Derby race was $155.4 million, up 96% from last year's Derby race.

The Derby day wagering totals for the 14-race card were the second-highest ever, behind $250.9 million bet in 2019.

All-sources handle for Opening Night, Saturday, April 24, through Derby Day, Saturday, May 1, was recorded at $314.6 million.

TwinSpires, the official wagering partner of the Kentucky Derby, recorded preliminary record handle of $62.7 million on Churchill Downs races for the Kentucky Derby Day program, an increase of 66% over the prior year. TwinSpires recorded preliminary record handle on the Kentucky Derby race alone of $40.8 million, up 75% over 2020.

Medina Spirit, owned by Zedan Racing Stables, and bred in Florida by Gail Rice, led from the start, held off a spirited rally from Mandaloun and prevailed in a thrilling finish by a half length. Trainer Bob Baffert secured his seventh Kentucky Derby win eclipsing the record previously shared with Ben Jones. Jockey John Velazquez recorded his fourth Kentucky Derby victory and capped a successful weekend by winning both the Kentucky Oaks and the Kentucky Derby.

“Today it was incredibly gratifying to welcome our fans back to Churchill Downs for the 147^th running of the Kentucky Derby,” said Bill Carstanjen, CEO of CDI. “We will continue to invest in this iconic event as we create unique and once-in-a-lifetime experiences in the coming years for our guests.”

Churchill Downs introduced two new charity efforts this year. A naturalization ceremony was hosted in the Winner's Circle of Churchill Downs as U.S. District Judge for the Western District of Kentucky Benjamin Beaton administered the Oath of Allegiance to five new citizens representing five different countries on the day of America's Greatest Race. CDI hosted nearly 300 representatives from Kentucky's Foster Care sector as guests in the first-ever Kentucky Derby Foster Family Initiative partnership with Jim “Mattress Mack” McIngvale and in cooperation with Louisville nonprofits Maryhurst and Boys & Girls Haven.

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A historic Kentucky Derby saw Authentic claim the Garland of Roses in what was the first time the race had ever occurred on Labor Day weekend.

Authentic, owned by Spendthrift Farm, LLC, Myracehorse.com, Madaket Stables, and Starlight Racing and bred in Kentucky by Peter E. Blum Thoroughbreds, led from the start, held off a challenge through the stretch from Tiz The Law and drew away to a 1 1/4-length victory. Trainer Bob Baffert secured his sixth Kentucky Derby win, tying the all-time record and jockey John Velazquez won the Kentucky Derby for the third time.

“We are grateful to our fans and our community for their support of the 146^th Kentucky Oaks and Kentucky Derby,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “We look forward to seeing our loyal fans at next year's 147^th Kentucky Oaks and Kentucky Derby on the first weekend of May.”

Wagering from all-sources on the Kentucky Derby Day program totaled $126.0 million compared to $250.9 million on the 2019 Kentucky Derby Day program. All-sources wagering on the Kentucky Derby race was $79.4 million compared to $165.5 million from last year's Derby race.

Churchill Downs attributed the decline in handle for this year's Derby Day program to the lack of on-track wagering, fewer horses per race including in the Kentucky Derby race, and a prohibitive favorite in the Derby race.

Similar declines were reported for Kentucky Oaks day on Friday, which saw a decline in wagers from $60.1 million in 2019 to $30.6 million in 2020. The Oaks itself handled $9.8 million compared to $19.3 million in 2019.

Combined Oaks-Derby day wagering totaled $156.6 million, a 49.7% decline from the record $311.1 million wagered in 2019 when the Oaks and Derby were run in May.

In 2019, $31.2 million was bet on-track at Churchill Downs on Oaks and Derby day ($9.9 million on the Oaks card and $21.3 million on the Derby). That's equal to 20.2% of the $154.4 million in lost wagers this year.

Other wagering declines resulted from a contract dispute between Churchill Downs Inc. and the Nevada Pari-Mutuel Association representing race and sports books throughout Nevada. Race and sports books were permitted to book wagers on the races but they were not commingled into the pari-mutuel pools hosted by Churchill Downs or counted in the totals.

The combined Oaks and Derby day wagers were the lowest since 2002.

The Churchill Downs press release added, “Although it is difficult to compare the financial performance to prior years, we are pleased with the profitability of the spectator-less 2020 Derby Week.”

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