Ontario: Woodbine’s season handle of CA$613.1M is all-time second best

Ontario: Woodbine’s season handle of CA$613.1M is all-time second best

Article brief provided by Daily Racing Form
  • Ron Gierkink, Daily Racing Form
December 20, 2023 8:37 PM
  • Ron Gierkink, Daily Racing Form

Wagering at the recently concluded 2023 Woodbine meet yielded an all-sources handle of $613,125,180 [US$459M], the second-highest single-season handle in the track’s history, but down $8 million from 2022.

Story continues below

“Our 2023 Thoroughbred racing meet produced very strong results thanks to our exciting racing product, the strength of the Woodbine brand, and the hard work of our team and the entire horse racing community,” Woodbine Entertainment CEO Michael Copeland said. “The results are especially encouraging, considering the industry trends our sport is facing with increased competition from sports betting, growing purses in some jurisdictions largely due to ancillary gaming revenues, extreme weather factors that have canceled an unprecedented number of race cards, North American horse supply, and larger macroeconomic factors like inflation and the uncertainty of the U.S. dollar.”