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Derby Lane's runaway outlays circa 1969

Times (2006)

Times (2006)

Runaway outlays back in the day

Here are a few nifty statistics that didn't make their way into John Woodrow Cox's Page 1 story about the decline of greyhound racing ("Derby Lane: Love for a Dying Sport," April 27). In fiscal year 1969-70, $399 million was wagered on the sport here. Adjusted for inflation, that's $2.43 billion today. The 10-figure sum is more than nine times the amount wagered last year, despite the fact that Florida tracks ran 1,300 more races last year than they did when Nixon was president. In 2012-13, for example, bettors gambled $126,632 per performance on races hosted by the St. Petersburg Kennel Club. In 1969-70, when adjusted for inflation, bettors gambled $1.65 million per performance (matinee or evening). Now you know why there's no live band making merry between races anymore.

Derby Lane's runaway outlays circa 1969 04/29/14 [Last modified: Tuesday, April 29, 2014 4:57pm]
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