Churchill Downs Inc. (CDI) has revealed that the overall wagering from all sources on the Kentucky Derby Day program generated $320.5 million. This was 11.1% higher than last year’s $288.7 million, marking a new record.
All-sources wagering on the Kentucky Derby race was a new record of $210.7 million, beating the previous high of $188.7 million set in 2023. All-sources handle for Derby Week rose to a record of $446.6 million, beating last year’s high of $412 million.
CDI further announced that a crowd of 156,710 fans gathered at the Churchill Downs racetrack in Louisville to witness Mystik Dan claim the Garland of Roses at the 150th running of the Kentucky Derby, presented by Woodford Reserve at 18-1 odds.
Mystik Dan, ridden by Brian Hernandez Jr., rallied from off the pace to win by a nose in a three-horse photo finish and covered the mile and a quarter in 2:03.34 over a fast track. “This marks an extraordinary weekend of racing for trainer Kenneth McPeek and jockey Brian Hernandez Jr. who scored victories in both the Kentucky Oaks and Kentucky Derby,” said the Paulick Report.
At the wire! Mystik Dan wins the 150th Kentucky Derby. pic.twitter.com/2aiutu2mWz
— Kentucky Derby (@KentuckyDerby) May 4, 2024
This year’s Kentucky Derby crowd was higher than the 150,335 who attended in 2023 but considerably lower than the record 170,513 on hand in 2015.
Bill Carstanjen, CEO of CDI, said: “We expect the Kentucky Derby Week Adjusted EBITDA to reflect a new record with $26 to $28 million of growth over the prior record set last year. As we reflect on 150 years of our storied past, we remain committed to innovating new experiences for Derby fans.”
TwinSpires, the official betting partner of the Kentucky Derby, handled a new record of $92.1 million in wagering on Churchill Downs races for the Kentucky Derby Day program, compared to last year’s record of $75.5, including all settled future wagers and affiliate wagering.
TwinSpires’ handle on the Kentucky Derby race was a new record of $60.9 million, beating last year’s record of $48.9 million, including all settled future wagers and affiliate wagering.
First time by in the 150th Kentucky Derby. #KyDerby pic.twitter.com/QQSj9kCq0V
— Kentucky Derby (@KentuckyDerby) May 5, 2024
The Kentucky Derby race also featured two starters from Japan with Forever Young finishing third and T O Password finishing fifth. Forever Young was the winner of the UAE Derby in Dubai and T O Password qualified through the Japan Road to the Derby. All-sources wagering from Japan on the Kentucky Derby race was a new record of $10.1 million, beating the previous record of $8.3 million in 2022.
At the Kentucky Derby, Churchill Downs also debuted the all-new Paddock with two new luxury reserved seating areas – The Woodford Reserve Paddock Club and Sports Illustrated’s Club SI.
Speaking about the debut of these amenities, Carstanjen said: “The Kentucky Derby is a testament to the enduring spirit of sportsmanship, unity, and the power of tradition. We were honored to debut our transformational new Paddock as we celebrated this milestone 150th Run for the Roses.
“The new Paddock has fundamentally enhanced the experience of all of our guests as they pass through our front gates and is a stepping stone to the next chapter of this time-honored event.”
Original article: https://www.yogonet.com/international/news/2024/05/07/72046-150th-kentucky-derby-generates-3205-million-in-wagering-breaking-previous-records
