September economic indicators | Horse Racing Free Tips

Wagering, Purses Up in September

Purses rose significantly in September this year compared to September 21 while wagering on U.S. races saw a slight uptick, with a similar split showing for the third quarter of 2022 vs. 2021, according to the economic indicator statistics released by Equibase Wednesday.

Wagering totaled $936,206,774 in September, a 2.68% increase from the total of $911,734,704 in September 2021. This year's number, however, was a 9.98% drop-off from the $1,040,000,472 wagered in September 2020. Wagering per race day was $2,317,344, a 7% increase from last September, but an 18.67% drop from the $2,849,316 posted in September 2020.

In the third quarter of 2022, $3,275,502,012 was wagered, a 1.78% increase from the $3,218,160,111 in the third quarter of 2021, while year to date $9,540,539,563 has been bet, essentially flat compared to the $9,495,194,731 bet through three quarters of 2021. Average wagering per race day so far in 2022 also lines up with the 2021 numbers through three quarters at $2,960,143 and $2,965,395, respectively.

Purses for September totaled $138,277,267, a 6.96% increase from $129,279,561 in September 2021. The third quarter purse numbers were $393,292,695 this year, a 7.63% increase compared to $365,402,287 in the third quarter of 2021, while year to date $981,999,594 in purses have been paid out, a significant jump of 11.52% from the $880,553,979 awarded through three quarters in 2021.

Average field size was 7.23 in September and stands at 7.19 for the year, a slight decrease from 7.27 at this point in 2021.

The post Wagering, Purses Up in September appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

With Derby Moved to September, A Good Month for Handle

According to Equibase figures, total wagering on U.S. races in September was $1,039,737,336, a 29.64% increase over 2019 numbers.

The handle for the GI Kentucky Derby day card at Churchill Downs fell dramatically this year. A total of $128.3 million was bet on the 14 races. In 2019, $250.9 million was wagered on the card. Nonetheless, the $128.3 million was the most bet on any racing program this year and was a major factor in the overall increase for September.

With the increase in numbers during September, total handle for the year is off just 2.86% from the numbers posted in 2019, when COVID-19 did not affect racing schedules.

There was more discouraging news when it came to purses. Because of the coronavirus, almost all betting is being done through ADWs, which contribute a lower percentage to purses than brick-and-mortar betting. Some tracks have also had to go several months without receiving contributions from casinos.

Purses were $110,251,841 in September, a 6.75% percent decline. For the year, they are down 29.61% , with $264.7 million less having been paid out this year when compared to 2019.

The lower purse total is also related to the reduction in racing days. Through September, there were 2,509 race cards held during the year. Through September 2019, that number was 3,515.

The average field size in September was 7.88, a modest increase. For the year, the field size has averaged 7.87 for a 6.53% increase.

The post With Derby Moved to September, A Good Month for Handle appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post