The Jockey Club (TJC) reports that we’re looking at yet another decline in next year’s North American “foal crop” – the disgusting phrase the industry uses for new Thoroughbreds coming into the system each year. TJC projects a “crop” of 18,500 for this year, 18,000 for next – a drop of 2.7%. Apparently, the NA “crop” has not been this low since 1964. In the U.S. alone, the estimated ’22 figure, 17,300, is half of what it was just 15 years ago. This, of course, is just another sign of the times. Says BloodHorse:
“Declining foal crops have corresponded with a decline in the number of U.S. races, which is down 28% from 2010 through 2022 and the number of starters is predictably down 34% during the same time frame.” But, the publication points out, “Purses in the U.S….reached a record at nearly $1.31 billion in 2022 and the average purses per starter is up 92% to $31,460 and the average purse per race is up 76% to $39,155 since 2010.”
So, all metrics (way) down, but purse money (way) up? Any guesses why? But of course it’s the massive corporate welfare keeping about three quarters of this vile industry afloat.