November handle, purses decline after solid bump in October

Posted: Dec. 6, 2020

After a solid increase in October, total pari-mutuel handle on Thoroughbred racing in the United States in November dropped 6.33% from the same month in 2019, while U.S. purses declined 20.47% year over year, according to the Thoroughbred Racing Economic Indicators.

For October 2020, total handle of $929,063,211 was up 19.71% from October 2019. Purses totaled $91,981,753, down only 1.24% from the previous year.

November 2020 wagering came in at $895,325,220, a figure that includes the two-day Breeders’ Cup at Keeneland. In November 2019, handle totaled $955,843,009, which also included the Breeders’ Cup, held last year at Santa Anita Park.

My grandmother suffers from trophic ulcers on the leg in the background of diabetes in severe form. It is very difficult or even impossible to cure a diabetic foot of an elderly person. The appearance of ulcers is accompanied by severe pain and the more ulcers you have – the stronger the pain will be. When the usual painkillers, which are sold at the pharmacy without a prescription, stopped helping, the doctor prescribed Ultram. It cannot be bought without a prescription. It was possible to tolerate the pain. The grandma took a weaker drug in the afternoon and Ultram at night. At first, she was taking half of the pill because she was afraid of addiction, but the doctor reassured her, saying that it is not a narcotic drug and it can be taken without fear. The grandmother began to take one pill 1-2 times a day. She has been taking it for three months. Everything is fine now. However, we’ll see what will happen in the future.

The number of races in November was 1,945, down 28.75% from 2,730 the previous November. The average number of horses per race, however, increased 4.35% to 8.35 from 8.00.

November purses for Thoroughbred racing totaled $92,058,080, a decrease of 20.47% from $115,756,315 year over year.

Despite a 24.52% drop in the number of races and a 20.34% decline in number of starts, commingled wagering through the first 11 months of 2020 is down only 1.48% to $10,173,203,539, according to the Equibase statistics. With one month to go in the year, purses are down 26.28% ($812,146,506 this year versus $1,101,605,086 last year.

According to The Jockey Club Fact Book, total U.S. purses have been above $1 billion every year since 1999, when purses totaled $962.9 million.