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Kentucky Derby Day Handle Down 49.8%

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All-sources wagering on Kentucky Derby Day Sept. 5 declined by about half without any fans in attendance to deliver wagering that is on-track Louisville-based Churchill Downs Inc. announced during the end of the Saturday card just such as the Kentucky Oaks Day wagering.

All-sources wagering totaled $126 million, down 49.8% from last year’s $250.9 million. It ended up being the cheapest since $123.2 million in 2002. On-track handle for the year that is last $21.3 million day.

Malibu Moon
All-sources wagering on the Kentucky Derby Presented by Woodford Reserve (G1) was $79.4 million, down 52% from this past year’s $165.5 million.

“We are grateful to the fans and our community due to their support for the Kentucky that is 146th Oaks Kentucky Derby,” Churchill CEO Bill Carstanjen stated in a declaration. “We look ahead to seeing our faithful fans at next year’s 147th Kentucky Oaks and Kentucky Derby in the weekend that is first of.”

Churchill attributed the declines to your lack of on-track wagering, fewer horses per competition, including in the Kentucky Derby that had 15 starters—the field that is littlest since 1998, and a prohibitive favorite in the Derby.

The competition won by Authentic had been staged four months later on than normal because of COVID-19 restrictions, the Derby has ever been conducted. The full time that is final Derby was not run using the very first Saturday in May had been in June 1945, through the close of World War II.

The Derby Day numbers accompanied a 48.8% drop in Oaks Day all-sources wagering at $30.8 million compared to year that is last record $60.2 million. The all-sources total was the lowest Oaks handle since $30 million in 2009 time.

All-sources wagering on the Oaks race was $10 million contrasted to $19.4 million, a decline of 48.5%.

Jimmy Creed
Only horsemen, media, and owners attended this 12 months’s Derby events week.

Churchill’s statement said business officials “are pleased aided by the profitability associated with the spectator-less 2020 week that is derby” adding that it’s difficult to compare performance to years that are prior. Derby typically is an earnings motor for the company week.

By comparison, the June 20 Belmont Stakes Day card declined by 33.7% from the year that is prior producing all-sources handle of $67.8 million. All-sources handle in the Belmont Stakes delivered by NYRA Bets (G1) was $34.1 million. All-sources wagering on Kentucky Derby Day Sept. 5 declined.

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Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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