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The Conscience of Thoroughbred Racing

HANDLE DOWN, PURSES UP?

By Newswriter — Taking a look at business in the new year, the trend is not favorable. Check out these 2023 trends and riddle me this: What’s wrong with this picture?

January 2023 vs. January 2022   

Indicator              January 2023      January 2022      % Change

Wagering on U.S. Races*              $874,180,855     $941,934,680     -7.19%

U.S. Purses          $90,069,945       $82,102,162       +9.70%

U.S. Race Days   265        259        +2.32%

U.S. Races           2,280     2,186     +4.30%

U.S. Starts           17,619   16,949   +3.95%

Average Field Size            7.73       7.75       -0.33%

Average Wagering Per Race Day $3,298,796          $3,636,813          -9.29%

Average Purses Per Race Day      $339,887             $316,997             +7.22%

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

FIGURES COURTESY OF EQUIBASE

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