The American Quarter Horse Racing Journal, August 24, 2009 – Bucking the trends in the racing industry and the economy at large, American Quarter Horse racing indicators showed the industry is holding steady in the face of the biggest economic downturn in decades.
Numbers released by AQHA show that purses in July, compared to the same month last year, held virtually steady with only a fraction of a percent drop. The number of July races was up 1.4 percent to 1,035. Handle saw a slight 1.7 percent drop, from $32.5 million last year to $31.9 million this year.
In comparison, Thoroughbred racing handle in July fell 13.4 percent, according to Equibase figures, while Thoroughbred purses dropped 7.4 percent for the month.
Year-to-date statistics show total American Quarter Horse purses up 3.9 percent, from $68.1 million to $70.7 million, despite the loss of 45 racing days at Les Bois Park, which is not operating this year, and eight days at Wyoming Downs, which trimmed its 2009 schedule. The total number of races dropped from 5,341 to 5,331, having a partial effect on the 5.7 percent rise in average purse per race to $13,504. Average earnings per starter have also gone up 3.1 percent so far this year, and added money has gone up 5.1 percent, from $55.7 million to $58.6 million. Handle declined 3 percent, compared to Thoroughbred racing’s year-to-date statistics which show handle declining 10.9 percent.
“This is very positive news, particularly as we head into the sale season,” said AQHA Executive Director of Racing Trey Buck. “I’m encouraged by the fact that the industry is so durable, and I’m glad to see this is an industry that horsemen can continue to invest in,”
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