Economic Indicators For August Show Wagering, Race Days Declined While Purses Rose - Horse Racing News | Paulick Report
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Economic Indicators For August Show Wagering, Race Days Declined While Purses Rose

Racing showed declines in wagering and the number of race days during the month of August compared with August 2021, according to the economic indicators released Monday by Equibase. Year-to-date figures, however showed increases in both wagering and race days.

Wagering, which includes worldwide commingled betting on U.S. races, was down 0.86% compared with the same month last year while year-to-date figures showed a slight uptick at 0.24%. The number of race days also showed a retreat from the same month in 2021 at 3.96% but a 1.37% rise in the year-to-date category.

Purses for August 2022 rose 3.66% compared with the same month last year; year-to-date figures increased by double digits at 12.29%.

Average purses per race day were up 7.93% versus August 2021 and up 10.78% in year-to-date analysis.

The number of U.S. races dropped 3.95% in August. Year-to-date, there was a decrease of 0.25%.

The number of starts in August also declined 1.87%. Year-to-date, the figures were down 1.65%.

Thoroughbred Racing Economic Indicators For August 2022

August 2022 vs. August 2021
Indicator August 2022 August 2021 % Change
Wagering on U.S. Races* $1,194,876,167 $1,205,251,116 -0.86%
U.S. Purses $130,206,874 $125,611,453 +3.66%
U.S. Race Days 437 455 -3.96%
U.S. Races 3,400 3,540 -3.95%
U.S. Starts 24,228 24,690 -1.87%
Average Field Size 7.13 6.97 +2.17%
Average Wagering Per Race Day $2,734,270 $2,648,904 +3.22%
Average Purses Per Race Day $297,956 $276,069 +7.93%
YTD 2022 vs. YTD 2021
Indicator YTD 2022 YTD 2021 % Change
Wagering on U.S. Races* $8,604,332,789 $8,583,460,027 +0.24%
U.S. Purses $843,635,983 $751,274,418 +12.29%
U.S. Race Days 2,819 2,781 +1.37%
U.S. Races 22,805 22,862 -0.25%
U.S. Starts 163,766 166,515 -1.65%
Average Field Size 7.18 7.28 -1.41%
Average Wagering Per Race Day $3,052,264 $3,086,465 -1.11%
Average Purses Per Race Day $299,268 $270,145 +10.78%

2020 Comparisons:

August 2022 vs. August 2020
Indicator August 2022 August 2020 % Change
Wagering on U.S. Races* $1,194,876,167 $1,153,994,899 +3.54%
U.S. Purses $130,206,874 $104,539,502 +24.55%
U.S. Race Days 437 445 -1.80%
U.S. Races 3,400 3,608 -5.76%
U.S. Starts 24,228 26,971 -10.17%
Average Field Size 7.13 7.48 -4.67%
Average Wagering Per Race Day $2,734,270 $2,593,247 +5.44%
Average Purses Per Race Day $297,956 $234,920 +26.83%
YTD 2022 vs. YTD 2020
Indicator YTD 2022 YTD 2020 % Change
Wagering on U.S. Races* $8,604,332,789 $7,306,542,949 +17.76%
U.S. Purses $843,635,983 $518,929,044 +62.57%
U.S. Race Days 2,819 2,144 +31.48%
U.S. Races 22,805 17,794 +28.16%
U.S. Starts 163,766 140,029 +16.95%
Average Field Size 7.18 7.87 -8.75%
Average Wagering Per Race Day $3,052,264 $3,407,902 -10.44%
Average Purses Per Race Day $299,268 $242,038 +23.65%

2019 Comparisons:

August 2022 vs. August 2019
Indicator August 2022 August 2019 % Change
Wagering on U.S. Races* $1,194,876,167 $1,177,165,980 +1.50%
U.S. Purses $130,206,874 $128,293,019 +1.49%
U.S. Race Days 437 515 -15.15%
U.S. Races 3,400 4,026 -15.55%
U.S. Starts 24,228 28,895 -16.15%
Average Field Size 7.13 7.18 -0.71%
Average Wagering Per Race Day $2,734,270 $2,285,759 +19.62%
Average Purses Per Race Day $297,956 $249,113 +19.61%
YTD 2022 vs. YTD 2019
Indicator YTD 2022 YTD 2019 % Change
Wagering on U.S. Races* $8,604,332,789 $7,792,183,885 +10.42%
U.S. Purses $843,635,983 $775,637,725 +8.77%
U.S. Race Days 2,819 3,103 -9.15%
U.S. Races 22,805 25,225 -9.59%
U.S. Starts 163,766 185,746 -11.83%
Average Field Size 7.18 7.36 -2.48%
Average Wagering Per Race Day $3,052,264 $2,511,178 +21.55%
Average Purses Per Race Day $299,268 $249,964 +19.72%

* Includes worldwide commingled wagering on U.S. races.

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