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Press Release

 

April 21, 2008
NEWS RELEASE


CANCELLATIONS BRING HANDLE, PURSE DIPS IN FIRST QUARTER OF 2008


Contacts: Keith Chamblin, NTRA (859) 422-2645 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 first quarter of 2008, as well as for U.S. purses and race days, with prior-year, first-quarter comparisons.

Due in part to surface-related cancellations at Santa Anita Park in January and weather-related cancellations at several racetracks during March, pari-mutuel handle decreased 3.31% in year-over-year, first quarter comparisons. Total purses declined by 1.47% during the same period.

“Our first-quarter numbers were negatively impacted by lost dates at Santa Anita and other venues,” said Alex Waldrop, president and CEO of the NTRA. “This, in conjunction with a difficult economy, made for a challenging year-over-year quarterly comparison. We are optimistic, however, that nicer weather and a competitive Triple Crown season will result in improved business figures during the next three months.”

Thoroughbred Racing Economic Indicators (first qtr. 2008 versus first qtr. 2007)
Indicator 1Q 2008 1Q 2007 % Change
Wagering on U.S. Races* $3,427,657,631 $3,537,634,320 -3.11
U.S. Purses $223,634,421 $226,971,062 -1.47
U.S. Race Days 1,139 1,150 -0.96


*Includes worldwide commingled wagering on U.S. races and separate pool wagering in Canada on U.S. races.

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 the Official Supplier of Racing Information and Statistics to America's Best Racing, Breeders' Cup, Daily Racing Form, ESPN, MSNBC, NTRA, The Jockey Club, TRA, TVG and XpressBet.

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