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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