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Major Thoroughbred Economic Metrics Down in July

Wagering on U.S. races, available and paid purses and the total number of races days each saw declines to varying degrees during the month of July, according to information released by Equibase Sunday.

Total wagering of $1.067 billion on races during the month represented a 6.68% decrease on the corresponding figure from 2022, while available purses of $123.3 million was off by just over 1% year over year. Paid purses of $117.6 million was down 2.48%, while the total number of race days dropped from 453 to 423 (6.62%). Average field size in July came in at just over seven runners per race, up 1.6% on 2022, while average daily wagering was virtually static at $2,524,087. Average available purses per race day rached $291,567, an improvement of 9.56% from last July.

For the first seven months of 2023, wagering on U.S. races declined 3.57% to $7.142 billion, while the available and paid purse money increased by 1.22% and 0.92%, respectively. Average daily wagering of $3.1 million is fractionally ahead of last year and average available purses per race day increased by 9.53% to $316,169.

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2023 Belmont Fall Meet Will Again Be Run At Aqueduct

The New York Racing Association has released its 2023 racing schedule, which will include a return to Aqueduct for the traditional fall Belmont meet.

NYRA first moved the Belmont fall meet to Aqueduct this year so that tunnels could be built that would provide access to the infield. In 2023, moving the Belmont fall meet will allow for reconstruction of the three Belmont racing surfaces.

The 28-day Belmont at the Big A fall meet will open on Thursday, Sept. 14 and continue through Sunday, Oct. 29. Live racing will be conducted Thursday-Sunday throughout the Belmont at the Big A fall meet.

The 2023 Belmont spring-summer meet will still be held at Belmont. It will consist of 40 days of racing and go from May 4 through July 9. Live racing will generally be conducted Thursday-Sunday throughout the spring/summer meet.

The 2023 racing season will include 202 days of live racing, starting with the 44-day winter meet at Aqueduct, which will run from Jan. 1 through Mar. 26, with racing conducted Thursdays through Sundays until Feb. 12. For the remainder of the meet, racing will be held Friday through Sunday. The 19-day Aqueduct spring meet, which spans Thursday, Mar. 30 to Sunday, Apr. 30, will see live racing return to a Thursday-Sunday schedule.

There will be 40 days of racing at Saratoga with the meet kicking off Thursday, July 13 and continuing through Labor Day, Sept, 4. Racing at Saratoga will be conducted five days per week from Wednesday-Sunday with the exception of the six-day closing week.

The 2023 season will conclude with the 31-day Aqueduct fall meet which runs from Thursday, Nov. 2 through Sunday, Dec. 31, 2023.

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Economic Indicators: Average Daily Handle Continues To Show Increases

Equibase, LLC released its monthly report on Economic Indicators in Thoroughbred Racing this Friday, Dec. 4.

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.

The Breeders' Cup was held during the first weekend of November at Keeneland, but handle was down eight percent from the record set in 2019. The total handle for the month of November was down 6.33 percent in 2020 versus the same month in 2019.

Overall, wagering in 2020 is down 1.48 percent through November, and average daily wagering continues to show a positive trend as well, up 33.78 percent through the first 11 months of 2020 compared to the first 11 months of 2019.

Average field size is up to 7.91 starters per race in 2020, compared to 7.49 in 2019, while the total number of races run is down 24.52 percent through November.

November 2020 vs. November 2019
Indicator	November 2020	November 2019	% Change
Wagering on U.S. Races*	$895,325,220	$955,843,009	-6.33%
U.S. Purses	$92,058,080	$115,756,315	-20.47%
U.S. Race Days	224	324	-30.86%
U.S. Races	1,945	2,730	-28.75%
U.S. Starts	16,236	21,839	-25.66%
Average Field Size	8.35	8.00	+4.35%
Average Wagering Per Race Day	$3,996,988	$2,950,133	+35.49%
Average Purses Per Race Day	$410,974	$357,273	+15.03%

YTD 2020 vs. YTD 2019
Indicator	YTD 2020	YTD 2019	% Change
Wagering on U.S. Races*	$10,173,203,539	$10,326,096,192	-1.48%
U.S. Purses	$812,146,506	$1,101,605,086	-26.28%
U.S. Race Days	3,073	4,173	-26.36%
U.S. Races	25,692	34,038	-24.52%
U.S. Starts	203,122	254,992	-20.34%
Average Field Size	7.91	7.49	+5.54%
Average Wagering Per Race Day	$3,310,512	$2,474,502	+33.78%
Average Purses Per Race Day	$264,285	$263,984	+0.11%

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

The post Economic Indicators: Average Daily Handle Continues To Show Increases 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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