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Kentucky Derby 2013 Handle Second Highest

It was a memorable and rainy 139th running of the $2 million Kentucky Derby Presented by Yum! Brands as 151,616 enthusiastic fans weathered the consistent, heavy rains at Churchill Downs to watch Kentucky-bred Orb cover a sloppy track and win the garland of roses that go to the winner of America’s greatest race.
 
Wagering from all-sources on the Kentucky Derby race card totaled $184.6 million, a decrease of 1 percent from 2012’s all-time record, which totaled $187.0 million. All-sources wagering on the Kentucky Derby race was down 2 percent from $133.1 million to $130.5 million. Both were the second-highest of all time.
 
On-track wagering on the Derby decreased 7 percent from $12.3 million to $11.5 million, a result of the steady, cold rain that continued throughout the day. On-track wagering on the Derby program decreased 11 percent from $23.7 million to $21.1 million.
 
Churchill Downs returned $150.6 million to bettors, which amounts to 81.6 percent of total wagering on the Derby Day race card.  Additionally, purses earned from the Derby Day race card approximated $8.2 million that will be paid out to horsemen during the remainder of the 2013 racing meets. 
 
Finally, pari-mutuel taxes in the amount of $0.7 million were generated from the Derby Day race card, which will be paid to the Commonwealth of Kentucky.
 
Additionally, approximately $1.6 million of handle from separate pools on the Derby Race has already been reported.  Total separate pool handle on the Derby Day race card during 2012 totaled $1.4 million.
 
RACE COMMENTARY
“The Churchill Downs team congratulates all those involved with Orb and his victory in this year's 139th running of the Kentucky Derby Presented by Yum! Brands,” said Kevin Flanery, president of Churchill Downs Racetrack. “Today’s second-highest wagering, the commitment of our fans who didn’t let the rain dampen their enthusiasm and an incredible performance by Orb again prove that the Kentucky Derby is truly America’s greatest two-minutes in sports. We are proud of the enduring tradition that is the Kentucky Derby as well as the high-quality racing product we saw today by all the horse owners, trainers and jockeys who participated.” 
 
BUSINESS COMMENTARY
“Our preliminary and still subject to change estimate of $4.5 – 6.5 million growth in EBITDA, despite exceptionally dismal weather on both Opening Night and Kentucky Derby Day, demonstrates the economic growth potential of this iconic American spectacle,” said Robert L. Evans, Chairman and CEO of Churchill Downs Incorporated.  
 
DIGITAL DERBY
For Derby Day, TwinSpires.com, the country’s leading online wagering platform, handle on all racing at Churchill Downs totaled a record $19.2 million, up 10 percent over $17.5 million in 2012. For the Derby race itself, handle totaled a record $10 million on TwinSpires.com, up 10 percent from $9.1 million in 2012.
 
Our new Kentucky Derby app, “DerbyMe,” was downloaded by 55,500 people.
 
Derby Nation on Facebook now totals a record 258,000 people, up 24 percent over last year. Total unique visitors to KentuckyDerby.com and KentuckyOaks.com over Derby weekend totaled 2.3 million, up 35 percent over last year. Of the over 250,000 unique visitors, 55 percent visited using their mobile device. 
 
DERBY WINNER
The Kentucky Derby victory by Orb was the first success in the race for a team of owners made up of members of two of Thoroughbred racing’s most respected families and a Kentucky-born trainer who has already been enshrined in racing’s Hall of Fame. Jockey Joel Rosario, the most successful rider in the United States in 2013, scored his first victory in the race at the age of 26.
 
The homebred son of Malibu Moon is owned by the partnership of Stuart S. Janney III and Phipps Stable, which is headed by Ogden Mills “Dinny” Phipps. Janney and Phipps are cousins whose families operated prominent American racing stables for generations, but their families had never won the Kentucky Derby.
 
Orb is trained by Lexington, Ky., native Claude “Shug” McGaughey, whose best Kentucky Derby finish prior to this year’s renewal was a runner-up finish by favored Easy Goer in 1989. McGaughey had competed in only Derby since that loss. 
 
The winner rallied from 16th in the field of 19 3-year-old Thoroughbreds to win by 2 ½ lengths over Golden Soul. Revolutionary finished a length back in third, with Normandy Invasion and Mylute a close third and fourth.  The winning time for the 1 ¼-mile distance was 2:02.89.
 
Orb is unbeaten in four races in 2013, and his Kentucky Derby victory improved his career record to five wins in eight races. The first-place purse of $1,414,800 boosted his career earnings to $2,335,850.
 
DERBY WEEK WRAP-UP
All-sources handle for Opening Night, Saturday April 27, through Derby Day, Saturday, May 4, 2013, was $258.5 million, up 2 percent over 2012’s $253.6 million. Attendance for those five days was down 5 percent to 331,922 from 350,975 in 2012, with attendance declines on rainy Opening Night and Derby Day accounting for the overall decline.
 
The fourth annual Taste of Derby presented by Stella Artois, held on Thursday, May 2, at the Kentucky Exposition Center, carried on its tradition of good taste with a record crowd of almost 1,500.
 
Since its inception in 2010, Churchill Downs has donated a total of $230,000 to hunger relief organizations around the world through this event. Partial proceeds from 2013’s Taste of Derby will go to Dare to Care and hunger relief organizations in areas represented by the participating chefs.
 

 

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