US Horse Racing 2021 Handle Surpasses $12B, Highest in 12 Years

Posted on: January 9, 2022, 03:19h. 

Final up to date on: January 9, 2022, 04:37h.

The US horse racing business in 2021 loved its greatest yr in additional than a decade, based on knowledge launched by Equibase on Wednesday.

Love on the Rocks
Love on the Rocks gallops to a win in a maiden race at Turfway Park in Florence, Ky., on Dec. 30. Horse racing loved a robust 2021, as betting deal with surpassed $12 billion for the primary time in a dozen years. (Picture: Coady Pictures/Turfway Park/Twitter)

Greater than $12.2 billion was wagered on races throughout the nation final yr. Not solely was that an 11.9 p.c enhance from 2020’s whole deal with, it additionally marked the primary time in additional than a decade that betting exceeded $12 billion in a yr.

Horse racing returned to its regular schedule in 2021 after COVID-19 impacted the game in 2020. The Triple Crown races have been run on their typical dates and of their conventional order.

Each race days (4,072) and the variety of races (33,567) elevated by greater than 20 p.c from the earlier yr. That was aided by the truth that many giant tracks have been in a position to run full meets in 2021.

Tom Rooney, president and CEO of the Nationwide Thoroughbred Racing Affiliation (NTRA), stated in a press release Wednesday that the business confirmed its resiliency final yr.

We concluded the yr with vital progress in purses and whole deal with of greater than $12 billion, the best since 2009,” Rooney stated. “We thank our prospects for his or her ongoing help as their wagering {dollars} proceed to gas our business.”

Purses, as Rooney famous, rose considerably. Horsemen competed for $1.18 billion, up greater than $300 million or 35.eight p.c from 2020.

Banner 2021 for Harness Racing, Too

US harness racing loved even larger year-to-year positive aspects final yr.

The US Trotting Affiliation introduced Thursday that bettors wagered $1.62 billion on harness races final yr. That was a 39.5 p.c leap from 2020.

Purses rose 44 p.c to $437.9 million, with race days up 38.eight p.c to three,273.

When in comparison with 2019, there have been 151 fewer race days throughout the nation. Nonetheless, the deal with elevated by almost $200 million, or 13.9 p.c.

Modifications in Retailer for Horse Racing in 2022

Massive adjustments are in retailer for thoroughbred racing this yr. A federal regulation that nationalizes drug and security requirements will take impact.

“As we flip the web page to 2022, we sit up for the start of a brand new period for US Thoroughbred racing with the launch of the Horseracing Integrity and Security Act (HISA), and a fair higher give attention to equine security and welfare and the integrity of America’s oldest sport,” Rooney stated in his Wednesday assertion.

The brand new requirements come as racing nonetheless makes headlines for horses dying and horsemen going through jail for doping.

Nonetheless, some proponents are involved if HISA will embody all the drug measures they sought.

Simply earlier than Christmas, months of discussions between the Horseracing Integrity and Security Authority and the US Anti-Doping Company (USADA) broke down. The talks ended with out an settlement in place for USADA to supervise drug testing within the sport. The authority is a nine-member board that might be accountable for implementing the drug testing and monitor security measures.

“Whereas we desperately tried to achieve an settlement to implement this system, with out compromising our values, we’ve all the time stated the passing of the laws and the finalization of uniform, strong guidelines are large victories for the horses and the equine business… Although we’re uncertain what the longer term holds for USADA – if any – on this effort, we’ve supplied to help the Authority and others within the business to make sure that the game will get this system it wants and that the horses deserve,” USADA CEO Travis T. Tygart stated in a press release.

Final week, Animal Wellness Motion (AWA) wrote to each the authority and USADA imploring them to renew discussions. The group famous the federal regulation referred to as for USADA’s involvement.

“It’s crucial for the lives of numerous horses and the way forward for American horseracing that the HISA board safe a five-year contract with USADA and see that there’s strong and efficient enforcement of the nationwide anti-doping guidelines,” Pacelle stated in a press release Tuesday.

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