Tuesday, July 8, 2003
2.52 PERCENT OVER SECOND-QUARTER 2002
The National Thoroughbred Racing Association (NTRA) and Equibase Company LLC today released the second-quarter "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing in 2003, as well as for U.S. purses and race days, with prior-year comparisons.
Total wagering increased to $4,121,245,999, a growth of 2.52 percent over the same quarter last year. Second-quarter purses dipped by one percent over 2002, to $285,686,811. Compared with second-quarter 2002, a total of 32 more racing days were held, a 1.73 percent increase.
"Given that some areas of the country experienced inclement spring weather, a 2.5 percent growth in pari-mutuel wagering indicates a strong rebound after a winter that produced a number of race day cancellations," said NTRA Commissioner Tim Smith. "Purses, while down slightly against the comparable quarter of 2002, are actually up for the year, with a 1.13 percent rate of increase overall."
Thoroughbred Racing Economic Indicators (Second-Quarter 2003 versus 2002)
Equibase Company is a partnership between The Jockey Club and the Thoroughbred Racing Associations of North America (TRA) and serves as the Thoroughbred industry's official database for racing information and statistics. Through its Web site, equibase.com, the Company offers an ever-increasing menu of racing information, statistics and handicapping products for everyone from the casual fan to the most experienced handicapper.
The NTRA is a broad-based coalition of horseracing interests, including the American Quarter Horse Association, charged with increasing the popularity of horseracing and improving economic conditions for industry participants. The NTRA and Breeders' Cup Limited also administer the Breeders' Cup World Thoroughbred Championships, Thoroughbred racing's year-end Championships consisting of eight races and $14 million in purses and awards, the Breeders' Cup Stakes Program and the Great State Challenge. The NTRA has offices in Lexington, Ky., and New York City. NTRA press releases appear on the NTRA Web site, NTRA.com.