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Handle, Purses Continue to Drop

Key economic indicators for the U.S. horse racing industry maintained the status quo in June, with declines in total wagering, purses, and race days.

According to figures released July 5 by Equibase Company, total wagering on U.S. races totaled $886,944,168, a 5.21% decline from the $935,707,537 bet during the same month a year ago. Total purses fell 4.27% to $96,764,394 from the June 2010 figure of $99,974,935 and the number of U.S. race days of 542 represented a 9.67% decline from the 542 race days a year ago.

The month was highlighted by the $81.2 million wagered on the June 11 Belmont Stakes (gr. I) Day card at Belmont Park, which was up 8.9% over the previous year.

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