Handle through two of the three leading national account-wagering
platforms in the United States declined in the first quarter of 2011
compared with the first quarter of 2010, according to the platform
operators and regulators in Oregon, where the platforms have betting
hubs. The decline signals a contraction in the account-wagering market
for perhaps the first time.
Combined with a slight increase for the third large account-wagering
operator the overall 7.9 percent decline is the first significant
quarter-to-quarter drop for the leading operators in the
account-wagering sector, which has been the only growing component of
the national wagering market over the past several years. The decline
far exceeded a 1.8 percent contraction in race days during the quarter
and was a significant component in an 8.5 percent decline in total
wagering on U.S. races for the first three months of the year.
Overall, handle through the three dominant account-wagering platforms
was $365.5 million in 2011, compared with $397 million in the first
quarter of 2010, according to the figures. The figures do not include
totals from account-wagering platforms that do not have a hub in Oregon,
but those operations, such as the New York Racing Association’s NYRA
Rewards account-wagering service, typically serve local markets.