Kentucky Derby Gambling Disappointing This Year
The Kentucky Derby has a way of turning even the most casual of gamblers into horse racing bettors. The race is televised nationally, and has one of the most storied pasts. This year, however, gambling was down at the event.
Attendance for the race on Saturday set a record. More people attended the race than in any other year. That was not the case with the gambling, however, with betting numbers being down from a year ago.
When considering all source4s that there could have been wagering on the Derby, there was a 3.2 percent decrease from last year. This year, $114,557,364 was bet, while last year $118,317,714 was wagered.
One of the reason that the numbers were down was an ongoing battle between horsemen and pari-mutuel facilities in Florida. The facilities were not able to allow gambling on the race. Many fans in the sunshine state were locked out of gambling.
"The strength of this year's Kentucky Derby day racing program was evident in our on-track results, with increases in both on-track racing and attendance. It is unfortunate that horsemen in Kentucky and Florida prevented so many fans from enjoying a full day of wagering on Churchill Downs races," said track President, Steve Sexton.
The attendance at the Derby increased both at the track and at off track facilities. Churchill Down's Trackside Louisville off track betting saw attendance increase by 2.2 percent over last year.
May 5, 2008
Posted By Vincent Tapoglia III
Staff Editor, CasinoGamblingWeb.com
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