Monday, July 19, 2004
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 second-quarter "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing in 2004, as well as for U.S. purses and race days, with prior-year comparisons.
Total wagering declined marginally and the number of racing days dropped for a second consecutive quarter. Compared with second-quarter 2003, a total of 28 fewer racing days were run during the same period in 2004. Purses, which showed a one percent drop in first-quarter 2004 over the prior year, rebounded strongly, showing a 2.86 percent increase over the comparable quarter in 2003.
"We're encouraged by the year-to-date figures, which show continued growth in handle and a 1.23 percent increase in purses despite an overall drop of more than two percent in the number of racing days," said NTRA Commissioner Tim Smith.
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.