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BtoBet Predicts a Galloping Return of Horse Race Betting in France

BtoBet Predicts a Galloping Return of Horse Race Betting in France

Posted on: December 15, 2021, 11:01h.&nbsp

Final updated on: December 15, 2021, 11:57h.

Horse racing is a contentious subject everywhere. Although some believe it need to be erased permanently, others believe it nonetheless has merit. Several French citi is experiencing a tiny of both. Nonetheless, an boost in betting on the ponies in the country has BtoBet predicting races will make a robust return.

French Horse Racing
The Prix de l’Arc de Triomphe horse race in France. An enhance in racing and race betting is leading some to think that horse racing may well make a resurgence. (Image: The Guardian)

Over the past several years, horse racing in the US has come beneath fire following a string of deaths at the Santa Anita track. Some states, like Florida, have already observed legislation this year to bring races to an finish. Those efforts, even though, are becoming fought heavily.

Element of the resistance to banning the activity is the resurgence that appeared in 2020 in the course of the COVID-19 pandemic. This was observed across the pond as effectively, with an boost in races and race betting identified in nations like the UK and France.

“The industry’s speedy evolution in terms of available content material providing, aided by the growth and migration towards on the web channels, has resulted in operators and bookmakers alike eyeing horse racing as a new revenue stream,” BtoBet asserts.

Haunting a Billion Dollar Market

Gross gaming revenue improved by 33% this year. This is a new benchmark, according to BtoBet. Nonetheless, there was also a 15% loss in turnover.

Final year, France saw €1.five billion (US$1.68 billion) in horse race betting,&nbsp according to the country’s l’Autorité Nationale des Jeux (ANJ). This was an improve of 31%, and BtoBet used this as the basis for its prediction.

As element of Aspire Global’s “Horse Racing Betting Focus” report, the gaming operator explained that last year’s benefits are an indication that a “renaissance” of horse racing is coming.

The Case for Dubious Resilience

Across the globe in 2020, there have been fewer gambling choices than what was offered a year earlier. Some of the void was filled by on-line gaming. But this market wasn’t available everywhere.

Horse racing has a long history that drastically predated the pandemic. Gamblers were capable to turn to the races that have been still getting run to uncover some action. In the US, an improve of a lot more than 200% in interest in the competitions was noticed from 2019 to 2020.

Even so, the interest may possibly not endure. It hasn’t helped that there have been extra horse deaths. One particular was famed Kentucky Derby winner Medina Spirit just lately. The 3-year-old thoroughbred died at Santa Anita – the exact same track exactly where so many other people have died.

Medina Spirit was at the center of a scandal that accused trainer Bob Baffert of having injected the horse with steroids prior to the Kentucky Derby win. That was just one particular of several higher-profile doping situations.

The most recent requires a major racing loved ones in France, which is sure to dampen the mood on a achievable renaissance in the nation.

Horse racing continues to secure a major industry share, in spite of the ongoing issues. It is not going away yet. But, in the US, it is now only worth around two-thirds of what it was in 2012, according to Statista.

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