Horse Racing

Process again, wallet will increase in November

Bets on U.S. Thoroughbred races rebounded year-over-year in November 2021, while the industry saw a massive spike for the month, according to figures released by Equibase today. Monday. The numbers continue the positive economic trend the sport has seen this year as it continues to emerge from the toll of damage caused by the pandemic.

A total of $961,813,331 were wagered on races in the US in November, up 7.4% from $895,546,532 in November 2020. November 2021 numbers are flatter. when compared to November 2019, when $945,843,009 was staked, but the total settlement for 2021 has now surpassed $11.4 billion, an increase of 12.18% from the total so far. November 2020 and a 10.49% improvement in numbers from the end of November 2019. Deposits for US races are likely to top $12 billion by the end of the year, a figure that hasn’t been reached since last year. 2009, according to statistics from The Jockey Club.

If there’s one small caveat to the aggressive handling numbers, it’s that bets per race day fell significantly in November at $3,305,200, down 17.33% from 3,997,976 dollars in November 2020 and for the year the average bet per race day is $2,986,058, down 9.78% from $3,309,845 at this point in 2020. , the 2021 numbers are still a strong improvement, with the November numbers representing a 12.04% jump and the current numbers showing a 20.67% gain.

Wallets have also seen a significant improvement in 2021, although those numbers are somewhat reversed from the 2019 average rather than meaningful improvements at pre-pandemic levels. . A total of $117,678,625 was paid out this November, a 27.78% improvement from the $92,095,830 in November 2020, but only a 1.66% increase from the 115,756 total. $315 in November 2019. For the year, the total number of wallets was just over $1.1 billion, up 36.17% from the pandemic-affected figure of $812,236,796 through November. 2020, but the 2021 numbers are essentially flat compared to 2019’s wallet figures as of November.

Court size continues to be a taboo for the industry, as the average number of horses per race was 7.7 in November, down 7.79% from 8.35 in November 2020 and in the year. this is just 7.33, down 7.34% from 7.91 in 2020. The average school size is 8 and 7.49 for the month and at this point in 2019.

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