Turfway Park handle tumbles

Turfway Park in Florence, Ky., added dates in its 2016 winter-spring meet, but it’s daily average fell sharply, according to statistics from the Kentucky Horse Racing Commission.

The daily average handle of $1.46 million in the 47-day 2016 stand was down 14.9 percent from the 2015 winter-spring meet, which had 10 fewer days. Even if the one of the days this year is thrown out — one day’s races were cancelled after only one race was run — the average daily handle would still be down 13 percent.

With the extra days, the gross handle increased 8.13 percent to $68.6 million.

That comes against an 11 percent daily average increase for U.S. thoroughbred racetracks in the first quarter of the year, according to industry record-keeper Equibase. Total wagering increase 3 percent for the quarter.

From Turfway Park website



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