Monday, April 12, 2010

HANDLE DOWN AGAIN IN MARCH

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).

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