More bad news for the horse racing industry: wagering nationally during the month of June fell by 10.3% to $993,578,873 million. This followed declines of 10.1% in April and 8.3% in May.
According to figures compiled by Equibase Co., total handle for the six months ending June 30 totaled $6.5 billion or 10.5% less than the $7.2 billion wagered in the preceding year.
Also suffering from the economic crisis were the horsemen who faced fewer racing dates and diminishing purses.
Question? Comment? E-mail me at: Ray Poirier