Record $1.887B wagered on races at Gulfsream Park in 2017

Record $1.887B wagered on races at Gulfsream Park in 2017

January 11, 2018 9:39 AM
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The Stronach Group’s various moves to strengthen business at its major thoroughbred racetracks is achieving improved results at Florida’s Gulfstream Park where a record $1.887 billion was wagered on its races in 2017, the company announced.

That’s $113 million more the track’s 2016 total. Live wagering handle was a record $1.632 billion, up $124 million over last year’s number despite three fewer days of racing, while wagering within the state was up $4.524 million over 2016.

The inaugural running of last year’s GI Pegasus World Cup Invitational Jan. 28 set an all-time Gulfstream handle record of $40.217 million. The GI Florida Derby Weekend Apr. 1-2 produced an all-time best $48.792 million two-program handle.

“We want to thank the fans and horsemen from across the world for supporting our racing program,” said Gulfstream Park General Manager Bill Badgett.

Gulfstream, in Hallendale, near Miami, now races virtually year round with only a short respite at nearby Gulfstream Park West, formerly Calder Race Course. Stronach CEO Tim Ritvo is now based at Santa Anita Park in Arcadia, near Los Angeles and has begun similar efforts to fortify its Southern California product.

Stronach Group efforts have also resulted in increased handle, exceeding $600 million for the first time since 2008, at its Laurel Park facility near Washington D.C., in Maryland.