Friday, January 3, 2025 at 1:10 pm |
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Updated: January 3, 2025 at 1:10 pm
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Wagering on U.S. races was in the red by over three percentage points for 2024, despite both available and paid purses seeing a slight uptick when compared to the year before, while betting during the month of December reflected a loss of over 14%, according to information released by Equibase on Friday.
For the year, total wagering of $11,265,210,514 on races represented a 3.35% decrease over the same period from 2023, while available purses of almost $1.312 billion were up by 0.49%. The figure of over $1.252 billion for paid purses in 2024 was raised by 0.23%. As for the total number of race days, they went down from 3,879 to 3,787 (-2.37%) and the number of U.S. races was also reduced from 31,746 in 2023 to last year’s tally of 30,852 (-2.82%).
Average field size in 2024 was slightly elevated from 2023 when it was 7.43, and checked in at an average of 7.45 runners, a increase of 0.19%. Average daily wagering decreased by a percentage point to $2.974 million and the average available purse per race day figure was up +2.93% to $346,498 from $336,622 in 2023.
When it comes to the year-over December figures, wagering on U.S. races in 2023 came in at over $797 million, while this past year the amount was much lower when it was reported in at over $682 million (-14.44%).
All wagering on U.S. races numbers include worldwide commingled amounts on those events.
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