Kentucky Derby wagering sets record-high handle

May 6, 2012 |
Saturday’s Kentucky Derby saw $133.1 million wagered, which was a 18.8 percent increase from last year’s handle and was 12.1 percent more than the previous high.

Without a dominant favorite among the 20-horse field, the betting public had lots of wagering options. I’ll Have Another, set at 12/1, overcame the 4/1 favorite Bodemeister on the backstretch to win the 128th running of the Derby.

The 13-race card also set a new record by pulling in $187 million, up 13.2 percent from last year’s handle and on-track wagering totaled $12.3 million, also a new high.

“This Kentucky Derby Day was remarkable from start to finish, and the wagering and attendance records and the tremendous renewal of the great race won by I’ll Have Another made it a day we’ll likely be talking about for years to come,” Kevin Flanery, president of Churchill Downs Racetrack, told reporters.

By comparison, last season’s Super Bowl handle in Las Vegas was $93.9 million.

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