Weather Can’t Rain on Kentucky Derby Handle Records

Despite a day soaked in rain, the 151st Kentucky derby (G1) managed to establish records of the race, the day and week as Sovereignty He claimed the roses.

After the conclusion of the May 3 card, Churchill Downs Inc., based in Louisville, KY, commercial results reported for Kentucky Derby Week, which is a great driver for the company’s racing division. The company’s officials had indicated days ago that the results would be similar to the last yours, as in opposition to the frequent profits year after year.

All sources bets on the Kentucky derby card in Churchill Downs Reached $ 349 million, 9% more than last year’s record $ 320.5 million.

The commitment in the 19 -horsepy derby this year totaled $ 234.4 million, 11% more than the record last year $ 210.7 million in a derby of 20 horses.

Derby Week Handle was $ 473.9 million, 6% more than last year’s record $ 446.6 million. The combined management of all sources of $ 422.9 million increased by 7% for both Kentucky Oaks (G1) and Derby, compared to the record last year $ 395.8 million.

The multitude of the derby day of 147,406 decreased 6% of the last 156,710. The 170,513 record was established in 2015.

Churchill also reported that his Deepit Twinspyres.com betting service saw $ 108 million in bets in the races for the Derby Day program, an increase of 17% on last year’s record $ 92.1 million. The handling of the Derby race of $ 73 million for twins has increased 20% from last year $ 60.9 million.

“We congratulate Sovereigty’s connections for a printing victory over a very talented horsepower field,” said the CEO of CDI, Bill Carstanjen. “We are delighted with our performance after the year 150 in the milestone in 2024 and we will grow the Kentucky derby in next year.”

The company said that Ebitda adjusted for Derby week is its second best, between $ 2 million and $ 4 million lower than last year’s record, which is said that the company grew between $ 26 million and $ 28 million.

The company had indicated on April 24 with investors that the demand for some lower level derby tickets was less than expected and that the adjusted Ebitda would be comparable last year.

Carstanjen said that the new starting door pavilion had not sold as well as it had been predicted.

“I think what we have seen in recent years, when we present a new area, we have the legs capable of going directly to the price we point out as our long -term price and then grow that,” he said in the call. “I think that when we look this year, we can take that same son of price that we have tasks in the previous year, where we are going to our three years at the type of expiration for a new area.”

Carstanjen said in the call that he was very worried about prices in the future.

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