'08 U.S. Wager Down Over $1 Billion From '07
According to data released today by Equibase, in 2008 wagering on horse racing in the United States reached its lowest level in a decade, more than $1 billion less than in 2007
In '08, wagering in the U.S. declined by 7.2%. A total of $13,670,196,938 was wagered on the American racing product. That handle, over $13.6 billion, includes commingled wagering numbers from separate pool wagering in Canada. A total of $14,723,993,055 was wagered in 2007.
Notably, wagering drastically went south in December of 2008, as amount wagered decreased by a drastic 20.3%.
The $13.6 billion wagered in 2008 marked the first time since 1998 that the wager fell below $14 billion.
(With files from Equibase)