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Betting on Thoroughbred racing up for month, quarter and year

Garrett Cobb screwed in plastic weather shields in the betting windows ahead of the opening of Keeneland's 2012 fall meet. Cobb said the shields were being installed because of the forecast of cooler weather on opening weekend. He said they would take the shields out as soon as it warms up.  Photo by Charles Bertram | Staff
Garrett Cobb screwed in plastic weather shields in the betting windows ahead of the opening of Keeneland's 2012 fall meet. Cobb said the shields were being installed because of the forecast of cooler weather on opening weekend. He said they would take the shields out as soon as it warms up. Photo by Charles Bertram | Staff Herald-Leader

Betting on Thoroughbred racing rose 1.18 percent in 2015, amounting to a $125 million increase to almost $10.7 billion in wagering in the U.S. for the year, according to Equibase.

Wagering for the fourth quarter rose 2.37 percent, to $2.37 billion, while wagering in December rose more than 8 percent as well, to $694 million. This is the first year-over-year increase in parimutuel wagering since 2012 and only the second time wagering rose annually since 2006, according to the National Thoroughbred Racing Association.

“In addition to an overall increase in U.S. parimutuel wagering in 2015, Thoroughbred racing also realized healthy increases in wagering per race (up 7.25 percent), purses per race (up 4.27 percent) and starters per race (up 1.8 percent),” said Alex Waldrop, NTRA president and CEO.

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