Betting on U.S. races is down 6 percent
November's handle is 10 percent less than same month last year
 | Jockey Frankie Dettori, center, rides Raven's Pass across the finish line to win the Breeders' Cup Classic at Santa Anita Park in Arcadia, Calif. on Oct. 25. |
Kevork Djansezian / AP file |
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Wagering on U.S. races in November of this year plunged 9.7 percent compared to the same month last year even though race days were up 5.7 percent, according to figures provided by Equibase on Wednesday.
The decline was the worst month-to-month showing for the figures since Equibase began releasing the numbers on a 30-day basis in August. Overall, according to Equibase, wagering has declined 6.2 percent this year, and is on pace to decline for the fourth time in the last five years.
In November, wagering was $968,996,146, according to Equibase, compared to $1,073,123,772 in November last year. Purses declined as well, but only by 2.4 percent, from $85,500,574 in November last year to $83,491,704 this year. Purses have typically resisted the same declines as wagering because of subsidies from slot machines at many U.S. tracks.
Race days during the month of November were up from 440 last year to 465 this year, according to Equibase.
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