Derby Day Rain Doesn’t Dampen Record Betting
Justify won the 2018 Kentucky Derby and took the most betting action as the 5-2 favorite. His historic win was also part of another record Derby Day handle. The 144th running of the Kentucky Derby on Saturday set new records for total wagers, with $150 million wagered on America’s biggest thoroughbred race.
Inside the Kentucky Derby numbers
Here’s a look at handle from race day, according to Churchill Downs:
Wagering from all-sources on the Kentucky Derby Day program totaled $225.7 million, an 8% increase over the 2017 total and previous record of $209.2 million. Wagering from all-sources on the Kentucky Derby race increased 8% to $149.9 million from the previous record of $139.2 million set last year.
“We are deeply grateful to all of the fans of the Kentucky Derby around the world who once again made this an amazing and memorable experience,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “We expect the Kentucky Derby Week Adjusted EBITDA to
reflect another record with $11.0-to-$13.0 million of growth over last year.”
Business was booming under the TwinSpires on Derby Day, and the Churchill Downs online wagering platform Twinspires.com was also taking in record wagers of $39.2 million, up 15 percent from 2017. For the featured race alone, the Kentucky Derby online handle at Twinspires.com and on its mobile app clocked in at $24.6 million, up 18 percent year over year.
Online wagering is clearly helping increase the amount wagered on horse races, and Twinspires.com is one of the leading online platforms setting the pace for future Kentucky Derby’s, bringing the “most exciting 2 minutes in sports” into the palm of your hand.