Daily News Archive
Daily News Subscription
US Betting Falls 9.85% In Sep Quarter
The National Thoroughbred Racing Association revealed "handle on races in the US sharply dropped 9.85% in the 3rd quarter of this year, clearly in keeping with a trend that began in early 2008," reported bloodhorse.com. Purses, meanwhile, dropped 2.37%: "perhaps a sign that the bump provided by gaming machines at racetracks is beginning to level off". The number of race days (individual programs at all tracks) fell 1.29%. Industry officials "have generally blamed the decline in handle on economic conditions in the US" & expect "the current state of the financial market in the US & beyond to dent 4th-quarter results as well".