Equibase, LLC released its year-end report on Economic Indicators in Thoroughbred Racing on Tuesday, Jan. 5. Due to the COVID-19 outbreak, Equibase has been providing monthly economic indicators advisories, but this one is for the entire year.
Equibase has provided comparisons between 2019 and 2020 as a whole as well as comparisons between certain portions of 2019 and 2020. The average wagering per race day went up by 32.69% in 2020, which could be linked to more people participating in online wagering. As expected, there was on overall decline in U.S. races, race days, and starts due to a number of tracks having to shut down throughout the year due to COVID-19 safety measures.
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Group said free, or reduced-price data would spur interest in ownership, wagering.
An industry group focused on improving horse racing, especially for gamblers and owners, is calling on the industry’s data collector, Equibase, to share more information for free or at greatly reduced prices. In a White Paper issued March 11, the Thoroughbred Idea Foundation said Equibase should consider the collection and distribution of racing data as a marketing expense and distribute it for free, or as open as possible. The White Paper argues that this approach would attract and retain gamblers while empowering owners to make more educated decisions.
TIF board member Tom Reynolds, an active handicapping tournament player who has become a horse owner through Eclipse Thoroughbred Partners after spending more than three decades as a sales and marketing executive for Pepsi-Cola North America, believes such an approach to racing’s data would help increase interest in ownership and wagering.
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