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
|Indicator||January 2023||January 2022||% Change|
|Wagering on U.S. races*||$874,180,855||$941,934,680||-7.19%|
|U.S. race days||265||259||+2.32%|
|Average field size||7.73||7.75||-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|