Kentucky Derby Takes in $114.6 Million Just From Churchill Downs

It was a magical weekend for Kentucky Derby bettors and books alike - though the later probably would have preferred to see another horse win it besides the favorite Big Brown.

$114.6 million was taken in from On-track and off-track wagering.  While this figure was down from $118.3 million last year, it does not take into account the massive amounts bet online this year.  Horse betting over the Internet was legalized in October 2006 and more websites have begun offering a wider betting menu on the Kentucky Derby.

For Gambling911.com the 2008 Kentucky Derby was the most trafficked (inquired about) event of the year, just nudging out the Super Bowl by a mere 700 unique visitors.  Saturday also broke the record for most visitors in Gambling911.com's nearly 8 years on the Web.

Churchill Downs President Steve Sexton said in the company's statement that off-track wagering was hurt because tens of thousands of customers who bet via advance deposits over the Internet were limited to betting on the Kentucky Derby race and the Woodford Reserve Turf Classic.

"Kentucky horsemen would not permit [advance-deposit] wagering" via certain Websites on the full Kentucky Derby Day card, the executive said.

Additionally, Sexton said, "fewer Florida parimutuel facilities could wager on the entire Derby Day card due to an ongoing dispute with Florida horsemen."

This year's Preakness was also expected to yield better than past results via online gambling websites as a result of the favorite winning the Derby.

"People will be looking for Big Brown to win the Triple Crown," explained Gambling911.com Sports Writer, Dan Shapiro.  "His win was decisive at the Derby."

Most Gambling911.com Sportsbooks were offering betting on the Preakness and Triple Crown here

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Christopher Costigan, Gambling911.com Publisher CCostigan@CostiganMedia.com

Originally published May 5, 2008 2:46 pm EST

 

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