Which racetracks had the biggest drop in handle in 2020?

Photo: Eclipse Sportswire

The pandemic created havoc with the 2020 racing calendar all year long.  Significant portions of track schedules were trimmed, delayed or canceled altogether, and major events were pushed back and shoe-horned into different times of the year. 

As HRN reported Sunday, although nationwide 2020 handle was down only 1.3 percent, the number of races fell 23.2 percent, down 8,300 from 2019. 

US Thoroughbred handle:
Key performance indicators

Tracks with biggest loss of races

The decline of races was not spread equally, with some tracks losing many more than others. Here are the 30 tracks with the largest decline in percentage of races in 2020 as compared with 2019:  

Turf Paradise had the largest decline in number of races, a 63 percent drop from 2019. The Arizona track lost dates not only because of COVID but also because of a dispute between the track and horsemen that ended the meet prematurely. Finger Lakes and Arlington Park summer meets were significantly delayed, losing 61 percent and 59 percent of races, respectively. Colonial Downs saw its meet ended just a few days into the meet, causing a 57 percent drop in races from 2019.

Largest declines in races
by percentage

On Monday, we looked at the tracks with the largest handle increases in 2020. Now let's look at the tracks with the largest handle decreases. 

Biggest handle declines in 2020

Santa Anita had the biggest drop, losing 35 percent of its previous handle for a fall of $324.5 million. A 24 percent decline in races was the biggest factor, brought on largely by a seven-week COVID suspension. But handle still underperformed and contributed to the huge decline.

The next two tracks in terms of handle declines were NYRA tracks Aqueduct and Belmont Park. However, both tracks outperformed their decline in races. Aqueduct was down 29 percent in races but only 25 percent in handle. Belmont was down 33 percent in races but 18 percent in handle.

Largest declines in handle
by dollars
The next two tracks in handle decreases were Arlington Park and Turf Paradise, both of which lost significant portions of their normally scheduled race meets. Arlington lost 59 percent of its races from 2019, and handle was down $98.9 million. Turf Paradise lost 63 percent of its races, and handle was down $89.1 million.
 
Big-event day decreases were a pattern in 2020, and the Kentucky Derby and Preakness declines were prime examples. 

Churchill Downs handle was down $85.3 million in 2020, but that could be entirely explained by the $118.4 million drop in handle for Kentucky Derby day, which was postponed four months. Outside of Derby day, handle was up about $33 million.
At Pimlico, the results were somewhat similar. After being postponed 4 1/2 months, Preakness day handle declined by about $50 million, while the Pimlico meet was down about $82 million.
Triple Crown race days
2018-2020
Rounding out the top 10 tracks with the biggest handle declines were Finger Lakes, Laurel Park and Golden Gate Fields, all which experienced handle drops north of $50 million.

Read More

That Breeders' Cup hangover hits different when you realize racing never takes a breath. Seven graded stakes across...
This is how horses across the Breeders' Cup races including Forever Young , Scylla and more came out...
History will be made on Monday night when the Bill Mott-trained Parchment Party and hall of fame jockey...
Magnitude , the impressive Grade 2 Risen Star winner who most recently finished second behind Baeza in the...
Bishops Bay earned the fastest Horse Racing Nation speed figure on Sunday, a 135, for his game three-quarter-length...