The Kentucky Derby is a special event that happens each year at Churchill Downs. Even the ones which aren’t horse racing fanatics fill inclined to not just see but bet on this large event.
I found myself wondering exactly how much money was being wagered. What I discovered was shocking, considering we are talking about something that lasts a mere 2 minutes.How Much was Wagered on the Kentucky Derby & Attendance This Year
Last year was another record breaking year for the total amount of money wagered on the Kentucky Derby. In 2018, there was 227.5 million bet on the full race card by all-sources. Smashing the previous mark set just a year ago at 2017 of $209.2 million.
As far as the actual race , there was $149.9 million stake across all-sources. Another new album, beating the 2017 markers of $139.2 million.
While the money bet reached new limits, attendance numbers were down again. Only 157,813 showed up, but a lot of that was due to the poor states. While the amount of attendees was just down slightly from the 158,070 that attended 2017, it is a far cry from the 170,513 which were at the big event in 2015.
I’ve put together a table that appears back in the gambling history. As you can see, the money intake with this has increased dramatically in the last two decades. There was only $140.4 million stake on the full card back in 2003 and that is about as far as what we currently get on just the last race.
It’s important to remember the numbers below don’t reflect the entire picture. The amounts are just for the cash taken on North American racetracks.
It does not include statistics from sportsbooks on line or vegas. It’s been noted that Vegas sportsbooks take in about an average of $33 million monthly. There average take home in May is approximately $11 million more at $44 million. In terms of the online publications, they were estimated to take in $26.8 million around the whole app in 2016. With around $16.6 million around the main event.