Thoroughbred Racing Economic Indicators Decline Again

Total parimutuel wagering for February continued to decline as did purses and live racing days for the month.

For February, wagering on racing was $999,815,818, down 11.63 percent from the $1,131,333,323 wagered last year during the same month.

Purses declined 6.7 percent from $70,566,050 to $5,796,1777 and racing days dropped from 359 this February from 363 last February.

Overall, year to date, wagering is down 6.76 percent from $2,190,340,741 in the first two months of 2008 to $2,042,342,114 in the first two months of 2009. Purses have fared better than wagering during the same period, posting a 1.73 percent decline from $138,857,203 to $136,449,823.

(Photo by Jeff Coady/Coady Photography)