I noticed the Haskell card checked in yesterday with over $12M in handle, up around 7%. That's a pretty good number, and the race was excellent.
That $12M in handle, though, represents only a sliver of total handle for the Monmouth meet. It's that way with most big events in North America, outside the Derby I suppose.
Down in Australia, I noticed a figure or two which I found eye opening.
The Cox Plate, Melbourne Cup and Caulfield Cup races attracted over $1B in total handle last year, representing 44% of total handle for the entire meet.
The overall spring meet is good for betting customers - a field size of 10.9 with good pool size, as well as plenty of ways to play, like fixed odds and exchanges. But to have near half of the volume on the three big events is formidable.
I've often believed that mature gambling markets are a leading indicator for North American racing. Big days have been big in these markets for a long time. The US and Canada are catching up, but maybe there's a lot more upside to big day handle than we realize.
Have a nice Monday everyone.
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