With racing ceased at most racetracks throughout North America and the world due to COVID-19, the five Thoroughbred tracks still operating in the U.S. in April have saw a massive increase in wagering through the first two weeks of the month.
Of course, those tracks benefited tremendously with the cancellation or postponement of racing at other ovals around North America, especially the major race meets in Kentucky (Keeneland), New York (Aqueduct) and California (Santa Anita Park).
Still, the numbers show how many handicappers and new players have adapted.
At Fonner Park in Grand Island, Neb., both daily average handle and total handle in April is up an eye-catching 1,320% from a year ago. Fonner Park has had the same number of race days, though the program switched from a Friday through Sunday schedule last year to Monday through Wednesday this season.
While the average number of races per day at Fonner in April dipped slightly this season from 9.0 per to 8.7, daily average handle has rocketed from $284,708 last year to $4,042,824 in April 2020. Total handle at Fonner Park jumped to $28,299,771 during the first two weeks of April from $1,992,956 a season ago.
Gulfstream enjoyed the biggest increase in wagering volume of the five operating tracks during the time studied. With an identical race schedule as a year ago, total handle at Gulfstream in April jumped from $59,550,339 last year to $113,219,729, a 111% increase.
Races per day at Gulfstream increased to 10.8 the first two weeks of April from 10.1 a year ago.
At Oklahoma's Will Rogers Downs, which has raced an identical calendar and averaged the same 10 races per day as a year ago, total wagering was up 455.1%. In the first two weeks of April 2019, Will Rogers Downs had a total handle of $5,194,293. That sum was nearly surpassed on Monday when Will Rogers Downs handled $5,074,162.
Through the first two weeks of April, a robust $28,836,104 has been wagered on Will Rogers Downs.
Total handle in April at Oaklawn Park, which had the same 9.7 races a day as a year ago, was up 74% to $57,910,408. Tampa Bay Downs raced one fewer day due to the Easter holiday falling in the study period and handle was up 79.1% to $46,894,010.
|Track||April 2020||April 2019||$Increase||%Increase|
While handle at these tracks has ballooned, for track operators the numbers aren't nearly as gaudy with betting happening off site. Fonner Park CEO Chris Kotulak noted at the start of the wagering boom that it receives only a 3% commission on wagers made off track, which is significantly less than is received from wagers made on location.
Simulcast fees have long been paid on a tiered system with the smallest tracks like Will Rogers and Fonner Park receiving 3% to 3.5% of money wagered off track. More mid-tier tracks like Tampa Bay Downs currently receive between 6% to 8% and top-level signals like Aqueduct, Churchill Downs and Santa Anita receive upwards of 9% of off-track handle, according to sources.
Despite those racetracks in operation showing what can be done with proper protocols, the numerous track closures has led to a 37.6% drop in wagering on North American racing year-over-year during the first two weeks of April.
|All Tracks||April 1-15|