Wagering on U.S. races drops in January as purses increase

Wagering on U.S. races drops in January as purses increase
Photo: Eclipse Sportswire

Wagering on U.S. races declined in January as purses for races increased.

Equibase reported that wagering for the month was down 7.19 percent, to $874.2 million. U.S. purses totaled $90.1 million, up almost ten percent from January 2022.

Average wagering per race day was down 9.29 percent, to $3.3 million.

January saw little change in the number of race days, races, starts or average field size.

The figures indicate that a trend from 2022 continued in January. Wagering last year fell 0.87 percent, to $12.11 billion. U.S. purses rose 10.92 percent, to $1.31 billion.

Thoroughbred racing economic indicators

  IndicatorJanuary 2023January 2022% Change
Wagering on U.S. races*$874,180,855$941,934,680-7.19%
U.S. purses$90,069,945$82,102,162+9.70%
U.S. race days265259+2.32%
U.S. races2,2802,186+4.30%
U.S. starts17,61916,949+3.95%
Average field size7.737.75-0.26%
Average wagering per race day$3,298,796$3,636,813-9.29%
Average purses per race day$339,887$316,997+7.22%
* Includes worldwide commingled wagering on U.S. races  

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