Sandy hurts betting, Breeders' Cup

U.S. racing was yet another victim of Hurricane Sandy. Betting in October 2012 was down 8.73 percent from the same month last year, according to new figures released Monday by Equibase.

Betting was off almost $72 million, from $814.3 million to $742.7 million, largely because power and phone outages in New York and New Jersey cut off potential simulcasting markets.

Year-to-date, racing has rebounded slightly, up 1.32 percent to $9.2 billion.

Meanwhile, the Breeders' Cup announced that handle for the two-day championships last weekend at Santa Anita was $144.3 million, down 17.2 percent from 2011.

Breeders' Cup officials said handle totals were in line with expectations based on the interruption in service from many East Coast pari-mutuel outlets affected by Sandy.