purses

Keeping Pace posts tagged "purses"

California Takeout Increase Falls Short

Since California lawmakers approved a takeout hike effective for the 2011 racing season, the price increase on horseplayers has failed to deliver projected purse increases and has been followed by reduced handle and race days.... Read More

Slimmed Down Racing May Be Finding Its Footing

While wagering on U.S. races in 2016 was flat—up less than 1% compared with 2015— bettors continue to support a reduced Thoroughbred racing product. That is to say average handle per U.S. race in 2016 improved 2.3% to $280,408, which is the first time since 2007 that wagering per race has surpassed $280,000. The $280,408 in average wagering per race is up 18.2% from the decade-low $237,135 wagered... Read More

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