Kentucky Derby Gambling Near Record

horse racingWagering from all sources on Saturday’s Kentucky Derby day program was the second-highest in history, totaling $192.6 million and only 1 percent off the record set in 2015, Churchill Downs Inc. has reported.

On-track wagering on the full Derby Day racing card, including the 142nd Derby, was up 2 percent to $23.5 million — just under the record $23.7 million in 2012. On-track wagering on the Kentucky Derby itself totaled $11.3 million, a decrease of 6 percent compared to last year, the track said.

It should be noted that Churchill carded an extra race this year over the number of races on Derby day last year.  That helped produce the impressive numbers Saturday.

Nyquist won the Derby, and attendance at the track Saturday was 167,227 — the second-largest crowd in Derby history and just under the record of 170,513 in 2015.

Churchill Downs returned $151.8 million to bettors on the Kentucky Derby Day program.   Additionally, purses earned from the Kentucky Derby Day program totaled about $10.7 million that will be paid out to horsemen during the remainder of the 2016 race meets.

Kevin Flanery, president of Churchill Downs Racetrack, said in a release that “our latest round of renovations and our investments in the facility continue to pay off, as we strive to improve the fan experience every year.”

TwinSpires, a mobile betting platform and official betting partner of the Kentucky Derby and the Breeders’ Cup World Championships, recorded $26.8 million in handle on Churchill Downs races for the Kentucky Derby Day program — an increase of 29 percent over the prior year. TwinSpires’ handle on just the Kentucky Derby race was $16.6 million, up 22 percent over 2015.

More at Courier-Journal

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