Kentucky Derby Sets New Record: $211 Million in Bets

ICYMI, Mystik Dan Won the 150th Kentucky Derby by a Nose!

Next Up: Preakness Stakes

The Kentucky Derby, often hailed as “the most exciting two minutes in sports,” made betting news headlines once again as it shattered previous betting records during its 150th installment.

The total handle for the first leg of the 2024 Triple Crown soared to an unprecedented $210.7 million, a remarkable increase from the $188.7 million recorded in 2023.

This surge in sports betting activity underscores the enduring popularity and allure of horse racing, particularly the historic Derby event.

Organic Growth in Horse Racing Fans

What makes this achievement even more remarkable is that no new states have legalized horse racing betting in recent months.

With legal betting already established in 40 states, the surge in online gambling activity reflects a genuine increase in interest and enthusiasm for the sport.

The fervor surrounding the Kentucky Derby was not confined to American soil alone. A significant portion of the total bets, amounting to $10.1 million, originated from Japan—a testament to the global reach and expanding popularity of horse racing.

Uncover Exclusive Picks & Predictions From Our Experts.

The inclusion of two Japan-bred horses in the race, Forever Young and T O Password, further solidified the Derby’s status as an internationally renowned sporting event.

The fact that enthusiasts from around the world were eagerly betting online underscores the universal appeal of the Derby and its ability to transcend geographical boundaries.

This natural growth really shows how horse racing has that timeless charm, you know? It’s got this way of hooking people in, whether they’re from the good ol’ USA or anywhere else in the world.

Winner Could Miss Next Race

Mystik Dan, the unexpected 18-1 underdog, clinched a nail-biting victory in the Derby, narrowly edging out competitors Sierra Leone and Forever Young in the closest finish since 1947.

Trainer Kenny McPeek and the horse’s owners remained undecided about Mystik Dan’s participation in the upcoming 149th Preakness on May 18 in Baltimore, given the demanding two-week turnaround. Instead, Mystik Dan will head to Saratoga, New York, where a decision will be made regarding his entry into the 1 3/16-mile Preakness.

McPeek emphasized the need to monitor Mystik Dan’s condition closely over the coming week before making a final call, recalling a previous instance where racing the colt within a two-week time frame had backfired.

The decision regarding Mystik Dan’s Preakness participation will likely be made at the eleventh hour.

For gambling news, odds analysis, and more, visit Point Spreads Sports Magazine.


Can’t get enough? Here’s more!

0 Comments
Inline Feedbacks
View all comments
Back to top button

pointspreads

WHO WILL WIN?

Stanley Cup Finals
edmonton oilers
Edmonton Oilers
Dallas Stars
Dallas Stars
Friday, May 31, 2024
50%
50%
NBA Eastern Conference Finals
indiana pacers
Indiana Pacers
Boston Celtics
Boston Celtics
Friday, May 31, 2024
50%
50%
Stanley Cup Finals
florida panthers
Florida Panthers
NY Rangers
NY Rangers
Friday, May 31, 2024
50%
50%
NBA Western Conference Finals
dallas mavericks
Dallas Mavericks
Minnesota Timberwolves
Minnesota Timberwolves
Friday, May 31, 2024
50%
50%
Boxing
josh taylor
Josh Taylor
Jack Catterall
Jack Catterall
Saturday, May 25, 2024
50%
50%
FA Cup Final
manchester city
Manchester City
Manchester United
Manchester United
Saturday, May 25, 2024
50%
50%
Submit your vote and view the results
Hey Again

vote all you can

pointspreads

PS-email

PS-email

pointspreads

pointspreads-email

Bet like a PRO!

pointspreads-email

Subscribe now and get Weekly Expert Free Picks