Economic Indicators: Record Breeders’ Cup Handle Leads Slight Wagering Increases In November

Equibase, North American racing's official database, released Monday its November 2021 statistics for the industry's economic indicators, including field size, wagering, and other data, along with year-to-date and 2019 and 2020 numbers. The database distributes 2020 and 2021 numbers and includes 2019's data for comparisons to pre-COVID-19 pandemic numbers.

Led by a record handle at the Del Mar-hosted Breeders' Cup World Championships on Nov. 5 and 6 ($183,260,127, a two-day record for the championship event), November's total wagering numbers were up 7.40 percent over the same month in 2020. Part of the reason for the increase could be the return of in-person attendance to the Breeders' Cup, which was severely restricted at Keeneland in 2020.

When Del Mar last hosted the Breeders' Cup in 2017, it posted a then-record handle of $166,077,486. The new mark is 10.4 percent higher than that.

Compared to 2019, this November's handle was only 0.62 percent higher, though average wagering per race day sustained a solid 12.04 percent bump between November of 2019 and November of 2021.

Though purses and race days are both up over 25 percent from the same month in 2020, average daily wagering saw a sharp decrease of 17.33 percent, while the year-to-date figures for average wagering are also down nearly 10 percent. That contrasts sharply with the numbers from 2019, which put average wagering up over 20 percent from the first 11 months of 2019 to the same period in 2021.

The discrepancy could be explained by the increased attention horse racing experienced during the harshest months of the pandemic in 2020; this year's return to a more normal sports schedule and in-person activities could definitely play a role in where wagering dollars have been spent.

November 2021 vs. November 2020
Indicator November 2021 November 2020 % Change
Wagering on U.S. Races* $961,813,331 $895,546,532 +7.40%
U.S. Purses $117,678,625 $92,095,830 +27.78%
U.S. Race Days 291 224 +29.91%
U.S. Races 2,440 1,945 +25.45%
U.S. Starts 18,782 16,236 +15.68%
Average Field Size 7.70 8.35 -7.79%
Average Wagering Per Race Day $3,305,200 $3,997,976 -17.3`3%
Average Purses Per Race Day $404,394 $411,142 -1.64%

YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $11,409,728,296 $10,171,153,164 +12.18%
U.S. Purses $1,106,048,142 $812,236,796 +36.17%
U.S. Race Days 3,821 3,073 +24.34%
U.S. Races 31,415 25,692 +22.28%
U.S. Starts 230,147 203,122 +13.30%
Average Field Size 7.33 7.91 -7.34%
Average Wagering Per Race Day $2,986,058 $3,309,845 -9.78%
Average Purses Per Race Day $289,466 $264,314 +9.52%

2019 Comparisons:

November 2021 vs. November 2019
Indicator November 2021 November 2019 % Change
Wagering on U.S. Races* $961,813,331 $955,843,009 +0.62%
U.S. Purses $117,678,625 $115,756,315 +1.66%
U.S. Race Days 291 324 -10.19%
U.S. Races 2,440 2,730 -10.62%
U.S. Starts 18,782 21,839 -14.00%
Average Field Size 7.70 8.00 -3.78%
Average Wagering Per Race Day $3,305,200 $2,950,133 +12.04%
Average Purses Per Race Day $404,394 $357,273 +13.19%

YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $11,409,728,296 $10,326,096,192 +10.49%
U.S. Purses $1,106,048,142 $1,101,605,086 +0.40%
U.S. Race Days 3,821 4,173 -8.44%
U.S. Races 31,415 34,038 -7.71%
U.S. Starts 230,147 254,992 -9.74%
Average Field Size 7.33 7.49 -2.21%
Average Wagering Per Race Day $2,986,058 $2,474,502 +20.67%
Average Purses Per Race Day $289,466 $263,984 +9.65%

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

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Laurel Park’s Main Track Remains Partially Closed

Continued maintenance work on the main track at Laurel Park in Laurel, Md., means that the track will remain closed as of Monday, Dec. 6, according to The Racing Biz. Horses will be allowed to gallop on the outer portion of track, but no works are permitted.

With the regular monthly meeting for the Maryland Racing Commission scheduled for Tuesday, stakeholders are expected to assess ongoing work on the racing surface.

The Maryland Jockey Club closed the racetrack Nov. 29 after a cluster of equine fatalities between Nov. 6 and Nov. 28, most coming as a result of fractures during racing or training at Laurel Park. Timothy Keefe, president of the Maryland Thoroughbred Horsemen's Association, told the Paulick Report last week that horsemen had been hoping works could resume Monday with racing returning Dec. 10. The Dec. 10 card has been drawn.

The cancellation of racing Dec. 4 and 5 pushed the Maryland Juvenile Championship and the Juvenile Fillies Championship off until Dec. 11, provided the racetrack is reopened by that date.

Read more at The Racing Biz.

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Irad Ortiz Jr. Gets 30-Day Suspension For Careless Riding At Aqueduct

Three-time Eclipse Award-winning jockey Irad Ortiz Jr. received a 30 calendar- day suspension from the board of stewards at Aqueduct on Sunday for two careless riding incidents at the South Ozone Park, N.Y., track on  Friday and Saturday, Daily Racing Form's David Grening reported. Grening reported Ortiz Jr. does not plan to appeal and will begin serving the ban this week after signing a waiver.

Ortiz Jr.'s mount Gran Casique was disqualified from second and placed last after causing apprentice Omar Hernandez Moreno to be unseated from his mount, Ragtime Blues, in Friday's eighth race.

On Saturday, his winning ride aboard Mo Donegal in the Grade 2 Remsen Stakes survived a stewards inquiry and his win on Nest in the G2 Demoiselle faced an objection from jockey John Velazquez, who rode the second-place finisher Venti Valentine. Stewards upheld the order of finish in both cases. Ortiz Jr. won three graded stakes on Saturday's card and wrapped up the riding title for the fall meet.

Ortiz Jr. rode in his native Puerto Rico Sunday and had been named to ride at Gulfstream Park in Hallandale Beach, Fla., on Wednesday.

The 30-day ban for causing Friday's spill is consistent with the suspension jockey Paco Lopez received from Gulfstream Park stewards in 2019 for his role in a two-horse accident that left two riders injured. A second incident at Gulfstream Park led to Lopez being banned 60 days.

Neither Hernandez Moreno nor Ragtime Blues suffered serious injury.

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Navarro Attorney: Former Trainer Facing ‘Almost Certain Deportation’

In addition to a possible federal prison sentence, former trainer Jorge Navarro may be deported as a result of his guilty plea to one count of conspiracy to commit drug adulteration and misbranding. Navarro is one of the most publicly-known defendants in the 2020 federal indictments of trainers, veterinarians, and drug makers in what prosecutors say was a wide-ranging network of people working together to dope racehorses.

Navarro entered his guilty plea to the charge in August and will be sentenced Dec. 17. He may be ordered to serve as much as five years in federal prison.

On Dec. 3, Navarro's defense attorneys filed their pre-sentencing report, accompanied by 100 pages of character references from family, friends, and racing connections. The report indicated that although Navarro legally immigrated to the United States from Panama some 35 years ago, he faces “almost certain deportation to a country where he has almost no familial, social, or economic ties.”

Due to his immigration status, his attorneys say Navarro will likely not be permitted to serve a federal prison term in a minimum-security facility, which means he may be sent to a prison out of state, far from his home and family. At the conclusion of his sentence, he may be transferred into the custody of Immigration and Customs Enforcement and sent to one of their prisons ahead of deportation.

“Jorge recognizes that his conduct in this case calls into question his care for his horses, but those that know him as a horseman and trainer recognize his genuine love and devotion to his horses,” read the defense report. “At this juncture, having been absent from horse racing for almost two years, Jorge realizes the errors of his ways and is contrite, remorseful, and wishes he could roll back the hands of time.”

A number of former racing connections of Navarro wrote character references on his behalf, including former employees, owners, horse transporters, jockeys, and feed suppliers. Supportive former owners include Ron Hendrickson, Joseph Casciato, Jason Provenzano, Frank Rupolo, Dennis Amaty, and others. Jockeys Jose Ferrer, Isaac Castillo and Manny Jiminez, as well as former jockey Rene Douglas also wrote on behalf of Navarro. 

For several letter writers, Navarro's relationship with X Y Jet seemed to stand out.

“Because of his delicate knee conditions, the horse stayed in Ocala for a few months of the year every year to rest and rehab,” wrote veterinarian Dr. Joel Lugo of Ocala Equine Hospital, who noted the horse had two knee operations in 2015 and 2017. “We never discussed the use of any illegal or unethical treatment with him or with any of the other horses. The horse return [sic] to race when we though [sic] the horse was healthy and ready. There was never any pressure from Navarro or the owners. We even discussed his retirement on multiple occasions.”

“That horse loved Jorge; I mean I never seen anything like it,” wrote Navarro's mother-in-law, Cindy Harries. “That horse was mean with everyone and not easy to deal with. That horse was such a diva. Jorge would just stand there and X Y Jet would pin his ears flat against his head and come at Jorge who never twitched, and he would just stop and let Jorge pet him and kiss him on the nose. When X Y Jet died walking in the shed row after a routine gallop, a part of Jorge died too.”

X Y Jet was among the horses specifically named in the federal indictment as having been doped by Navarro, who admitted he gave the horse a blood builder before an allowance optional claiming race on Feb. 13, 2019, at Gulfstream Park and the Group 1 Dubai Golden Shaheen.

The prosecution's sentencing report is due to the court Dec. 10.

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