In a statement, National Thoroughbred Racing Association President and CEO Alex Waldrop thanked the fans and the \u201cessential participants on the backside and beyond\u201d for their work in keeping the sport going during challenging times.<\/p>\n
The horse racing community is extremely resilient, as borne out by the fact that despite the widespread and negative impacts of the coronavirus pandemic, pari-mutuel wagering on US races held steady,\u201d he said.<\/p><\/blockquote>\n
The average amount wagered per race day was $3.3 million in 2020. That increased by nearly a third from the 2019 average of $2.5 million.<\/p>\n
Less Money for Horsemen in 2020<\/h2>\n
That was the good news for racing. Here\u2019s the bad news.<\/p>\n
Fewer race days and races meant there was less money available for horsemen in 2020. Total purses for US races fell by nearly $300 million to $869.8 million. The 25.5 percent decline in purses was nearly identical to the percentage of lost race days (3,302 in 2020, compared to 4,425 in 2019).<\/p>\n
COVID issues could potentially carry over into 2021 for racing, even if the country and the sport progress in the recovery.<\/p>\n
Some racing states rely on gaming revenue from casinos, racinos, or historical horse racing parlors to supplement purses and make their races more attractive to owners and trainers. As many of those venues remain under COVID-19 restrictions that reduce the number of patrons and machines available, they may not be able to sweeten purses as they have in years past.<\/p>\n
The unplanned dark days at several tracks led to substantially fewer horses in starting gates, too. Equibase<\/em> reported slightly more than 220,000 starts in 2020, down from more than 272,500 in 2019. Thanks to a steeper decline in races, though, the average field size was nearly eight per race last year. That’s compared to 7.5 in 2019.<\/p>\nTrotters See Drops in Handle, Purses<\/h2>\n
Harness racing endured a bleaker 2020 as its handle dropped by 18.4 percent last year. According to the US Trotting Association, bettors wagered nearly $1.16 billion, down from $1.42 billion in 2019.<\/p>\n
Industry officials, though, noted that from late March to June, all harness tracks<\/a> were shut down, so it did not get the chance that horse racing had in the spring.<\/p>\nFrom June on, wagering actually increased by 6 percent, as compared to the same time period in 2019. Bettors put down $844.4 million on those races.<\/p>\n
In addition, purses were also down. Harness horsemen competed for $304.1 million in money in 2020. That\u2019s down 30.8 percent from $439.5 million in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Betting on US horse racing in 2020 nearly held its ground from 2019. But purses, thanks to the COVID-19 pandemic, took a major hit. That\u2019s according to year-end data released by Equibase last week. Bettors wagered more than $10.9 billion on thoroughbred races last year. That was down $108.6 million \u2013 or less than 1 […]<\/p>\n","protected":false},"author":45,"featured_media":160965,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577],"tags":[],"acf":[],"yoast_head":"\n
2020 Horse Racing Handle Nearly on Par with 2019 Totals Despite COVID<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n