PURSES, WAGERING DECLINE IN MAY

Wagering on U.S. races, purses, and race dates all declined in May, compared with the same month last year, according to the Thoroughbred Racing Economic Indicators released last Saturday by Equibase Co.

For the year so far, wagering has dropped 8.12% despite a 2.33% climb in purses compared with the first five months of last year. There have been 106 less race days, a 5.19% decline, this year compared with last year through May.

Wagering on U.S. races reached $1,163,454,383 a -7.8%  from the $1,261,814,872 wagered in May of last year.  Purses fell 4.35% from $100,348,921 down to $95,983,896.

Year to date, purses have declined from $5,049,378,245 in 2010 to $4,639,320,277 and total purses from $385,543,277 to $376,779,303 while race days have declined from 2,044 to 1,938.