Derby Wagers Down 3.2 Percent

If you weren’t sure before whether or not the United States is in a recession, perhaps this news from Business First may convince you: Churchill Downs reports that Kentucky Derby wagering was down 3.2 percent from 2007:

Despite the second-highest attendance in history, wagering from all sources on the Kentucky Derby dropped 3.2 percent from 2007.

All-source wagering was $114,557,364, down from 2007’s total of $118,317,714, Churchill Downs Inc. said in a news release.

On-track wagering totaled $12,118,527, down 0.3 percent from 2007, and off-track wagering was $102,438,837, down 3.6 percent.

Wagering from all sources for the 12-race Derby Day card at Churchill Downs, also declined, dropping 2 percent.

Off-track wagering was affected by the ongoing disputes between online betting sites and horsemen in Kentucky and Florida, which has limited participation, Churchill Downs president Steve Sexton said in the release.

This news comes after the revelation that Keeneland’s spring meet wagering was down 12.7 percent as well. While neither story is as depressing as Eight Belle’s demise — or even this bit of inanity — neither spells good news for Kentucky’s economy.

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