Wednesday, January 07, 2009
MEADOWLANDS POSTS GAINS IN HANDLE FOR 2008
Despite negative trends throughout the racing industry, total wagering on racing at the Meadowlands in 2008 was up more than five percent.
All sources handle on the Meadowlands’ January – August harness meet was $354.8 million, up 7 percent from the $331.7 million wagered in 2007. For the recently wrapped 17-date Holiday Harness Meet, the total average daily handle was $2,645,212, a 10.4 percent increase over the 2007 daily average of $2,396,958.
The first state-owned off-track wagering facility Favorites at Woodbridge posted strong numbers in its first full year of operation, handling $96.2 million. New Jersey Account Wagering (NJAW) handled $89 million for the year, a 16.2 percent increase over 2007. NJAW is a partnership between the New Jersey Sports and Exposition Authority and Pennwood Racing LLC.
The Meadowlands’ sister track, Monmouth Park, also posted a 3.1 percent increase in average daily handle for its 100-day thoroughbred meet, with $3,274,800 wagered vs. $3,177,212 the previous year. Monmouth’s premier event, the Haskell Invitational, drew record wagering of $4,257,409, pacing Monmouth to a single-day record total handle of $17,642,954, an all-time record for New Jersey pari-mutuels.
Read more articles in the New Meadowlands category.