Horse race betting declines

Jul 7, 2009 5:04 PM
by Ray Poirier |

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.

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