The Kentucky Derby is a particular event that happens annually at Churchill Downs. Even those that aren’t horse racing fanatics fill inclined to not only see but wager on this big event.
I found myself wondering just how much cash was being wagered. What I discovered was shocking, considering we are talking about Something Which lasts a mere 2 minutes.How Much was Wagered about 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 entire race card by all-sources. Smashing the previous mark set only a year ago at 2017 of $209.2 million.
As far as the actual race itself, there was $149.9 million bet across all-sources. Another new album, beating the 2017 mark of $139.2 million.
While the cash bet reached new limits, attendance numbers were down again. Just 157,813 showed up, but a lot of this was because of the bad conditions. While the number of attendees was just down slightly from the 158,070 that attended 2017, it is a far cry from the 170,513 that were at the big occasion in 2015.
I have assembled a table that looks back at the gambling history. As you can see, the cash intake on this has grown dramatically in the previous two decades. There was just $140.4 million stake on the entire card back in 2003 and that is about as much as what we currently get on just the final race.
It’s important to keep in mind the numbers below do not reflect the entire picture. The figures are just for the cash taken on North American racetracks.
It does not include statistics from sportsbooks on line or Las Vegas. It’s been noted that Vegas sportsbooks take in about an average of $33 million per month. There typical take home in May is roughly $11 million more at $44 million. In terms of the online books, they were estimated to take in $26.8 million on the entire program in 2016. With around $16.6 million on the primary event.