{"id":11374,"date":"2025-07-06T01:58:00","date_gmt":"2025-07-06T05:58:00","guid":{"rendered":"https:\/\/sportsdaily.news\/index.php\/2025\/07\/06\/june-economic-outlook-betting-slump-and-wallet-dip-signal-quarterly-downturn\/"},"modified":"2025-07-06T01:58:00","modified_gmt":"2025-07-06T05:58:00","slug":"june-economic-outlook-betting-slump-and-wallet-dip-signal-quarterly-downturn","status":"publish","type":"post","link":"https:\/\/sportsdaily.news\/index.php\/2025\/07\/06\/june-economic-outlook-betting-slump-and-wallet-dip-signal-quarterly-downturn\/","title":{"rendered":"June Economic Outlook: Betting Slump and Wallet Dip Signal Quarterly Downturn"},"content":{"rendered":"<p>According to data released by Equibase, the official database for the horse racing industry, betting on thoroughbred races in the U.S. dropped by 2.38% in the second quarter of 2025 compared to the same period in 2024. Specifically, betting in June saw a significant decline of 7.18% compared to June of the previous year. Total bets for the second quarter of 2025 amounted to $3,281,212,052, down from $3,361,331,232 in 2024.<\/p>\n<p>The number of races during the second quarter decreased by 4.83%, with June races dropping by 7.58%, totaling fewer than 400 races this quarter. Last year&#8217;s second quarter had 8,410 fewer races, a 4.83% reduction. Available betting pools (wallets) also declined by 3.59%, falling from $341,339,676 in the 2024 second quarter to $329,074,340 in 2025. <\/p>\n<p>For June 2025, the number of races fell by 7.58% compared to June 2024, with the amount of available betting pools decreasing by 5.87%, dropping from $121,722,557 to $114,576,801. Race days in the second quarter fell by 3.76% to 997, down from 1,036 the previous year, while June race days fell 6.86% to 380, compared to 408 in June 2024.<\/p>\n<p>Overall, betting declined 2.77% year-over-year, reaching $5,786,483,810.<\/p>\n<p>Fan Take: This decline in betting and race activity is a key indicator that horse racing fans and bettors are becoming less engaged, which could impact the sport\u2019s financial health and future growth. It&#8217;s critical for the industry to address these trends and find ways to reinvigorate interest to sustain the sport\u2019s long-term viability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to data released by Equibase, the official database for the horse racing industry, betting on thoroughbred races in the U.S. dropped by 2.38% in the second quarter of 2025 compared to the same period in 2024. Specifically, betting in June saw a significant decline of 7.18% compared to June of the previous year. Total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11375,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2443],"tags":[2955],"class_list":{"0":"post-11374","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fighting","8":"tag-horse-racing"},"_links":{"self":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts\/11374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/comments?post=11374"}],"version-history":[{"count":0,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/posts\/11374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/media\/11375"}],"wp:attachment":[{"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/media?parent=11374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/categories?post=11374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportsdaily.news\/index.php\/wp-json\/wp\/v2\/tags?post=11374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}