Tag: total wagering

Total Wagering Dips Slightly In January; Purses Show Renewed Strength To Begin 2022

Equibase, North American racing's official database, released Friday its January statistics for the industry's economic indicators, including field size, wagering, and other data, along with 2019 and 2020 comparables. The 2019 data is included as a pre-COVID-19 comparison.

Equibase is continuing to provide monthly reporting of its Economic Indicators Advisories as a service to the industry and in consideration of the economic changes resulting from the COVID-19 pandemic.

The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year.

Total wagering on U.S. races saw a slight decline in January, dropping 1.82 percent from the first month of 2021 to the first month of 2022. With the 1.57 percent increase in race days, average wagering per race day also declined by 3.34 percent.

Compared to the first months of 2020 and 2019, however, total wagering was up 7.65 percent and 19.98 percent, respectively.

U.S. purses showed renewed strength to begin 2022, up by 15.48 percent compared to the same period last year, rising above $82 million. That figure is up by 13.85 percent since 2020, and by 4.71 percent since 2019.

Field size is down by 4.12 percent over last year, and by more than two percent compared to 2020 and 2019.

January 2022 vs. January 2021
Indicator January 2022 January 2021 % Change
Wagering on U.S. Races* $942,654,762 $960,160,298 -1.82%
U.S. Purses $82,103,062 $71,098,677 +15.48%
U.S. Race Days 259 255 +1.57%
U.S. Races 2,186 2,211 -1.13%
U.S. Starts 16,949 17,879 -5.20%
Average Field Size 7.75 8.09 -4.12%
Average Wagering Per Race Day $3,639,594 $3,765,335 -3.34%
Average Purses Per Race Day $317,000 $278,818 +13.69%

2020 Comparison:

January 2022 vs. January 2020
Indicator January 2022 January 2020 % Change
Wagering on U.S. Races* $942,654,762 $875,647,020 +7.65%
U.S. Purses $82,103,062 $72,116,730 +13.85%
U.S. Race Days 259 283 -8.48%
U.S. Races 2,186 2,352 -7.06%
U.S. Starts 16,949 18,692 -9.32%
Average Field Size 7.75 7.95 -2.44%
Average Wagering Per Race Day $3,639,594 $3,094,159 +17.63%
Average Purses Per Race Day $317,000 $254,829 +24.40%

2019 Comparison:

January 2022 vs. January 2019
Indicator January 2022 January 2019 % Change
Wagering on U.S. Races* $942,654,762 $785,689,337 +19.98%
U.S. Purses $82,103,062 $78,410,368 +4.71%
U.S. Race Days 259 265 -2.26%
U.S. Races 2,186 2,278 -4.04%
U.S. Starts 16,949 18,137 -6.55%
Average Field Size 7.75 7.96 -2.62%
Average Wagering Per Race Day $3,639,594 $2,964,865 +22.76%
Average Purses Per Race Day $317,000 $295,888 +7.14%

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Economic Indicators: Month-To-Month Wagering Numbers Fairly Steady In June

Equibase, LLC released its sixth monthly report of 2021 on Economic Indicators in Thoroughbred Racing on Tuesday, July 6. Due to the COVID-19 pandemic, Equibase has been providing monthly 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 total U.S. wagering for June of 2021 was nearly even with that of June 2019, despite a 12.60 percent drop in races held. In addition, June of 2019 had five weekends of racing, while June of 2021 only had four; wagering is typically much higher on weekends than on weekdays.

Comparison to June of 2020, when racing was seriously disrupted by the COVID-19 pandemic, actually shows a slight decline from $998 million in 2020 to $993 million in 2021.

Year-to-date numbers for 2019 versus 2021 show that total wagering has increased by 10.67 percent, while average daily wagering is up 23.79 percent.

The first six months of 2019 showed wagering totals of $5.6 trillion, while the first six months of 2020 brought in wagering of $5.05 trillion. In 2021, the first six months have increased to show wagering totals of $6.2 trillion.

June 2021 vs. June 2020
Indicator June 2021 June 2020 % Change
Wagering on U.S. Races* $993,147,243 $998,331,984 -0.52%
U.S. Purses $103,624,634 $69,469,595 +49.17%
U.S. Race Days 437 300 +45.67%
U.S. Races 3,413 2,485 +37.34%
U.S. Starts 23,870 20,146 +18.49%
Average Field Size 6.99 8.11 -13.73%
Average Wagering Per Race Day $2,272,648 $3,327,773 -31.71%
Average Purses Per Race Day $237,127 $231,565 +2.40%
2nd QTR 2021 vs. 2nd QTR 2020
Indicator 2nd QTR 2021 2nd QTR 2020 % Change
Wagering on U.S. Races* $3,511,798,209 $2,545,997,500 +37.93%
U.S. Purses $299,952,725 $118,940,997 +152.19%
U.S. Race Days 1,115 508 +119.49%
U.S. Races 9,090 4,290 +111.89%
U.S. Starts 65,092 36,101 +80.31%
Average Field Size 7.16 8.42 -14.91%
Average Wagering Per Race Day $3,149,595 $5,011,806 -37.16%
Average Purses Per Race Day $269,016 $234,136 +14.90%
YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $6,277,894,486 $5,054,526,907 +24.20%
U.S. Purses $514,950,882 $324,168,648 +58.85%
U.S. Race Days 1,881 1,301 +44.58%
U.S. Races 15,792 10,906 +44.80%
U.S. Starts 117,303 88,074 +33.19%
Average Field Size 7.43 8.08 -8.02%
Average Wagering Per Race Day $3,337,530 $3,885,109 -14.09%
Average Purses Per Race Day $273,764 $249,169 +9.87%

 

2019 Comparisons:

June 2021 vs. June 2019
Indicator June 2021 June 2019 % Change
Wagering on U.S. Races* $993,147,243 $990,923,384 +0.22%
U.S. Purses $103,624,634 $115,194,834 -10.04%
U.S. Race Days 437 499 -12.42%
U.S. Races 3,413 3,905 -12.60%
U.S. Starts 23,870 27,726 -13.91%
Average Field Size 6.99 7.10 -1.50%
Average Wagering Per Race Day $2,272,648 $1,985,818 +14.44%
Average Purses Per Race Day $237,127 $230,851 +2.72%
2nd QTR 2021 vs. 2nd QTR 2019
Indicator 2nd QTR 2021 2nd QTR 2019 % Change
Wagering on U.S. Races* $3,511,798,209 $3,137,805,499 +11.92%
U.S. Purses $299,952,725 $316,882,492 -5.34%
U.S. Race Days 1,115 1,260 -11.51%
U.S. Races 9,090 10,167 -10.59%
U.S. Starts 65,092 73,409 -11.33%
Average Field Size 7.16 7.22 -0.82%
Average Wagering Per Race Day $3,149,595 $2,490,322 +26.47%
Average Purses Per Race Day $269,016 $251,494 +6.97%
YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $6,277,894,486 $5,672,774,271 +10.67%
U.S. Purses $514,950,882 $544,002,132 -5.34%
U.S. Race Days 1,881 2,104 -10.60%
U.S. Races 15,792 17,457 -9.54%
U.S. Starts 117,303 130,239 -9.93%
Average Field Size 7.43 7.46 -0.44%
Average Wagering Per Race Day $3,337,530 $2,696,185 +23.79%
Average Purses Per Race Day $273,764 $258,556 +5.88%

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

 

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Economic Indicators: Derby Return To May Helps Boost Total Wagering Dollars

Equibase, LLC released its fourth monthly report of 2021 on Economic Indicators in Thoroughbred Racing on Friday, June 4. Due to the COVID-19 pandemic, Equibase has been providing monthly 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.

With the pandemic-instigated racing shut down across much of North America in May of 2020, as well as the rescheduling of the Kentucky Derby, it's no surprise to see the massive 55.84 percent increase in wagering from May of 2020 to May of 2021. The increase in racing is evidenced by the 206 percent increase in races held across the same period.

Average daily wagering, however, was down 51.84 percent from May of 2020 to May of 2021, perhaps indicative of the other options for wagering dollars available as pandemic restrictions continue to decrease across the country.

The more representative year-to-date numbers, from the first five months of 2019 to the first five months of 2021, show total wagering up 12.88 percent while average daily wagering is up 25.55 percent.

May 2021 vs. May 2020
Indicator May 2021 May 2020 % Change
Wagering on U.S. Races* $1,415,509,171 $908,333,874 +55.84%
U.S. Purses $106,723,865 $31,971,002 +233.81%
U.S. Race Days 398 123 +223.58%
U.S. Races 3,249 1,059 +206.80%
U.S. Starts 23,161 9,145 +153.26%
Average Field Size 7.13 8.64 -17.45%
Average Wagering Per Race Day $3,556,556 $7,384,828 -51.84%
Average Purses Per Race Day $268,150 $259,927 +3.16%

YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $5,284,716,622 $4,056,194,923 +30.29%
U.S. Purses $411,282,722 $254,699,053 +61.48%
U.S. Race Days 1,443 1,001 +44.16%
U.S. Races 12,376 8,421 +46.97%
U.S. Starts 93,411 67,928 +37.51%
Average Field Size 7.55 8.07 -6.43%
Average Wagering Per Race Day $3,662,312 $4,052,143 -9.62%
Average Purses Per Race Day $285,019 $254,445 +12.02%

2019 Comparisons:

May 2021 vs. May 2019
Indicator May 2021 May 2019 % Change
Wagering on U.S. Races* $1,415,509,171 $1,300,923,869 +8.81%
U.S. Purses $106,723,865 $115,776,828 -7.82%
U.S. Race Days 398 450 -11.56%
U.S. Races 3,249 3,650 -10.99%
U.S. Starts 23,161 25,955 -10.76%
Average Field Size 7.13 7.11 +0.25%
Average Wagering Per Race Day $3,556,556 $2,890,942 +23.02%
Average Purses Per Race Day $268,150 $257,282 +4.22%

YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $5,284,716,622 $4,681,850,887 +12.88%
U.S. Purses $411,282,722 $428,807,298 -4.09%
U.S. Race Days 1,443 1,605 -10.09%
U.S. Races 12,376 13,552 -8.68%
U.S. Starts 93,411 102,513 -8.88%
Average Field Size 7.55 7.56 -0.22%
Average Wagering Per Race Day $3,662,312 $2,917,041 +25.55%
Average Purses Per Race Day $285,019 $267,170 +6.68%

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

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Economic Indicators: April Oaks Card Provides Major Wagering Boost

Equibase, LLC released its fourth monthly report of 2021 on Economic Indicators in Thoroughbred Racing on Wednesday, May 5. Due to the COVID-19 pandemic, Equibase has been providing monthly 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 April 30 Kentucky Oaks card provided a big boost to total wagering in the month of April, especially when compared to the same period in 2020, when the pandemic first took hold and tracks across the country were shutting down. Compared to 2019, however, when the Oaks was held in May, total wagering showed an increase of over 30 percent, while average daily wagering was up over 45 percent.

The more representative year-to-date numbers, from the first four months of 2019 to the first four months of 2021, still show total wagering up 14.44 percent while average daily wagering is up over 25 percent. With the return of the Kentucky Derby to the first Saturday in May, rather than Sept. 5, next month's wagering numbers should also show significant increases over the same dates in 2020.

April 2021 vs. April 2020
Indicator April 2021 April 2020 % Change
Wagering on U.S. Races* $1,103,109,455 $639,331,643 +72.54%
U.S. Purses $89,560,290 $17,500,400 +411.76%
U.S. Race Days 279 85 +228.24%
U.S. Races 2,425 746 +225.07%
U.S. Starts 18,039 6,810 +164.89%
Average Field Size 7.44 9.13 -18.51%
Average Wagering Per Race Day $3,953,797 $7,521,549 -47.43%
Average Purses Per Race Day $321,005 $205,887 +55.91%

YTD 2021 vs. YTD 2020
Indicator YTD 2021 YTD 2020 % Change
Wagering on U.S. Races* $3,869,205,732 $3,147,861,049 +22.92%
U.S. Purses $304,560,597 $222,728,051 +36.74%
U.S. Race Days 1,045 878 +19.02%
U.S. Races 9,127 7,362 +23.97%
U.S. Starts 70,250 58,783 +19.51%
Average Field Size 7.70 7.98 -3.60%
Average Wagering Per Race Day $3,702,589 $3,585,263 +3.27%
Average Purses Per Race Day $291,446 $253,677 +14.89%

2019 Comparisons:

April 2021 vs. April 2019
Indicator April 2021 April 2019 % Change
Wagering on U.S. Races $1,103,109,455 $845,958,246 +30.40%
U.S. Purses $89,560,290 $85,910,830 +4.25%
U.S. Race Days 279 311 -10.29%
U.S. Races 2,425 2,612 -7.16%
U.S. Starts 18,039 19,728 -8.56%
Average Field Size 7.44 7.55 -1.51%
Average Wagering Per Race Day $3,953,797 $2,720,123 +45.35%
Average Purses Per Race Day $321,005 $276,241 +16.20%

YTD 2021 vs. YTD 2019
Indicator YTD 2021 YTD 2019 % Change
Wagering on U.S. Races* $3,869,205,732 $3,380,927,018 +14.44%
U.S. Purses $304,560,597 $313,030,470 -2.71%
U.S. Race Days 1,045 1,155 -9.52%
U.S. Races 9,127 9,902 -7.83%
U.S. Starts 70,250 76,558 -8.24%
Average Field Size 7.70 7.73 -0.45%
Average Wagering Per Race Day $3,702,589 $2,927,210 +26.49%
Average Purses Per Race Day $291,446 $271,022 +7.54%

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

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