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The Kentucky Derby is a particular event that happens annually at Churchill Downs. Even those that aren’t horse racing fanatics fill likely to not just watch but bet on this big event.
I found myself wondering just how much money was being wagered. What I found was staggering, considering we’re talking about something that lasts a mere 2 minutes.How Much was Wagered on the Kentucky Derby & Attendance This Year
Last year was yet another record breaking year for the amount of money wagered on the Kentucky Derby. In 2018, there was $227.5 million stake on the full race card by all-sources. Smashing the previous mark set only a year ago in 2017 of $209.2 million.
So far as the actual race , there was $149.9 million stake across all-sources. Another new album, beating the 2017 mark of $139.2 million.
While the money bet reached new limits, attendance numbers were down . Only 157,813 showed up, but a good deal of this was because of the poor states. While the amount of attendees was only down slightly from the 158,070 that attended 2017, it is a far cry from the 170,513 that were at the huge occasion in 2015.
I’ve put together a table that appears back at the betting history. As you can see, the cash intake with this has increased dramatically in the last two decades. There was only $140.4 million stake on the entire card back in 2003 and that is about as far as what we now get on just the last race.
It’s important to remember the numbers below don’t reflect the entire picture. The figures are just for the cash taken on North American racetracks.
It does not include figures from sportsbooks online or vegas. It’s been reported that Vegas sportsbooks take in roughly an average of $33 million per month. There average take home in May is roughly $11 million more at $44 million. As for the online books, they have been estimated to take in $26.8 million on the entire app in 2016. With approximately $16.6 million on the primary event.