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October 10, 2007
Contact: Eric Wing, NTRA (212) 230-9511,Rhonda Norby, Equibase (859) 224-2856
The National Thoroughbred Racing Association (NTRA) and Equibase Company LLC today released the “Thoroughbred Racing Economic Indicators“ for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the third quarter of 2007, as well as for U.S. purses and race days, with prior-year, third-quarter comparisons.
Pari-mutuel handle increased 0.90% in year-over-year, third quarter comparisons. The increase was achieved despite a decline of 0.92% in race days over the same period. Total purses increased by a robust 6.11% during the corresponding time period, due in large part to the opening of Presque Isle Downs in Erie, Pa., during the third quarter.
“Thoroughbred racing’s key economic indicators are trending in the right direction, and we are particularly pleased, given the high relative cost of ownership, to see purses increasing as they are,” said Alex Waldrop, President and CEO of the NTRA. “As the pie gets larger, the ongoing challenge is to grow the business at a pace that produces real, sustained growth for the entire industry. An important step in this direction is to maximize handle—and racing's share of the revenue generated by that handle—through the reduction of leakage.”
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 horse racing interests consisting of leading thoroughbred racetracks, owners, breeders, trainers and affiliated horse racing associations, charged with increasing the popularity of horse racing and improving economic conditions for industry participants. The NTRA has offices in Lexington, Ky., and New York City. NTRA press releases appear on the NTRA web site, NTRA.com.
Equibase Company is a partnership between The Jockey Club and the Thoroughbred Racing Associations of North America. Through its website, http://www.equibase.com, the company offers an ever-increasing menu of racing information and handicapping products for handicappers of all skill levels.