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Economic Crisis Impacts 2008 Worldwide Wagering

Friday, 18th December 2009

The US "was not the only nation that felt the impact of economic stress on wagering handle in 2008," reported thoroughbredtimes.com. While the US experienced "the sharpest decline in wagering in 25 years" as total handle fell 7.2%, "several other nations have also seen the economic crisis negatively affect betting". According to figures published by the International Federation Of Horseracing Authorities, on-course wagering in Ireland plunged 18.2%, Germany's tote wagering plummeted 18.8% & Japan reported a 4% decline in handle. However "at least 2 nations appeared somewhat insulated from the economic instability": France's wagering increased 4.8% & Sweden's wagering was up 0.9%. (Jan 16)

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