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THURSDAY, OCTOBER 9, 2003
Contact: Peggy Hendershot, NTRA (859) 422-2648
Rhonda Norby, Equibase (859) 224-2856
The National Thoroughbred Racing Association (NTRA) and Equibase Company LLC today released the third-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 $4,007,591,917, a growth of 3.38 percent over the same quarter last year. Third-quarter purses dipped 4.15 percent, to $306,800,417. Compared with third-quarter 2002, racing days declined slightly, with a total of 16 fewer days.
"The increase in pari-mutuel wagering during the last quarter can be attributed in part to the positive impact of the movie ‘Seabiscuit,’" said NTRA Commissioner Tim Smith. "In the month after the film’s release, wagering increased 5.51 percent over the comparable period in 2002, with no additional racing days. Record-setting meets at tracks like Del Mar and Saratoga also helped fuel the growth we observed in August. Purses, while down against the comparable quarter of 2002, remain fairly constant for the year."
Thoroughbred Racing Economic Indicators (Third-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 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 and the Breeders’ Cup Stakes Program. The NTRA has offices in Lexington, Ky., and New York City. NTRA press releases appear on the NTRA Web site, ntra.com, and at the Web site for the Breeders’ Cup World Thoroughbred Championships, breederscup.com.