TRADITIONAL WAGERING IN VIRGINIA CONTINUES TO DECLINE (ALBEIT MORE SLOWLY)

There is good news in this year of steady monthly declines in on-track and OTB pari-mutual wagering in Virginia. In October and November, overall wagering posted single digit declines instead of double digit dips that have become the norm since 2008. In November, total handle state-wide dropped -4.57% and in October that number was -8.58%. Prior to that, eight of the past nine months had registered double digit declines with only March (-8.9%) showing some improvement.

Overall, handle is down through November from $115,581,695 in 2009 to $99,070,314 in 2010 – a decline of -14.29%.

For the same period, Thoroughbred handle is down -14.85% from $90,759,751 in 2009 to $77,280,329 in 2010.

The good news continues to come from ADW where electronic wagering continues to grow. Through November ADW wagering is up 7.86% from $46,279,715 in 2009 to $49,916,159 for the first eleven months of 2010.