Wagering on U.S. races fell again in March, but the decline was better by more than half from last year by comparison. In March of 2010 $998,775,323 was wagered as compared to $1,064,949,906 that was wagered in March of 2009. The numbers represent a -6.21 percent decline.
That’s not good news, but it’s certainly better than what happened during March of 2009 when wagering declined -13.94 percent when compared to March of 2008. Are things getting better? Who knows, but at least it wasn’t a double digit decline again.
Purses also fell from $79,491,200 last year to $73,765,513 this year.
Year to date, both purses and overall handle remain down over -10 perecent. However, this time last year those numbers were -13.94 percent (wagering) and -6.76 percent (purses).