Golden Gate handle up nearly 16 percent

Golden Gate handle up nearly 16 percent

June 19, 2018 3:00 AM
by

share

Amid controversy over its future, Golden Gate Fields near San Francisco posted significant handle gains on its thoroughbred races during the recently concluded Winter/Spring Meet.

The track reports total handle (money wagered on its races) was up 15.85 percent and the daily average handle moved ahead 20.73 percent over 2017. The historic venue concluded its most current meeting on June 10.

Total handle was $302 million, up from $255 million last winter and spring. Daily average handle was $3.180 million, up from $2.634 million last year.

This is the fourth consecutive meet Golden Gate Fields has shown sharp increases in handle, the Daily Racing Form reports. All-sources handle was up 10 percent and on-track handle was up 8 percent during the 2017 fall meet and on-track handle was up during the Winter/Spring and Summer meets in 2017.

Golden Gate, owned and operated by the Stronach Group, is currently locked in a dispute with the California Horse Racing Board (CHRB) and California Authority of Racing Fairs (CARF) over its subsidy toward Northern California’s brick-and-mortar simulcast outlets. For more on the dispute see this week’s Lindo Report.