wagering and takeouts

No industry gathering at which Thoroughbred executives discuss pricing issues is immune from the intertwined topic of death and taxes. In the pari-mutuel world, that means talking about takeout, or, more specifically, how the disparate fees that different classes of bettors must pay for the privilege of placing wagers are killing off smaller-scale casual horseplayers. A Wednesday panel discussion at the Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program in Tucson was the latest Thoroughbred confab at which the takeout issue got batted around...

Wagering on U.S. races was higher, and both available and paid purses saw increases when compared to a year ago in November, while the number of race days and races themselves saw an uptick during the month, according to information released by Equibase on Friday. Total wagering of $921,122,693 on races during the month represented a 1.18% increase over the same period from 2023, while available purses of almost $128 million were up by 3.93%. The figure of over $121 million for paid purses in November was up 3.94%. As...