Betting on the 146th Kentucky Derby was down dramatically over the weekend, dropping 52% from in 2015s record amount wagered.
Without any fans enabled at the track due to the fact that of the coronavirus pandemic, Churchill Downs reported that $79.4 million was bet in the parimutuel pool on this years race. In 2015s Derby set a record with $165.5 million in wagers across all sources.
Churchill Downs authorities associated the decline in manage to the lack of on-site wagering, less horses in the race and a prohibitive favorite. Tiz the Law went off as an odds-on 4-5 favorite however failed to chase after down winner Authentic, who was 8-1 and bested a 15-horse field, the tiniest considering that 1998.
Over the previous 5 years, $22.5 million has actually been bet on average at the track on Derby day, which traditionally takes place on the first Saturday in May.
1 Related” We are grateful to our fans and our neighborhood for their assistance of the 146th Kentucky Oaks and Kentucky Derby,” Bill Carstanjen, CEO of Churchill Downs Inc., said in a declaration. “We look forward to seeing our devoted fans at next years 147th Kentucky Oaks and Kentucky Derby on the very first weekend of May.”
In addition to no on-site wagering, Nevada sportsbooks did not get involved in the parimutuel pool on the Derby this year because of a continuous conflict with Churchill Downs over data costs. Nevada sportsbooks did take wagers on the Derby, but outside of the parimutuel pool.
Bookmaker William Hill reported that 8% of the cash wagered at its sportsbooks backed Authentic to win. Tiz the Law received 20% of the bets and 48% of the cash wagered to win the race at William Hill.
Overall, $126 million was wagered in the parimutuel swimming pool on the Kentucky Derby day program. It was the smallest amount bet on the Derby day program because 2002.
