Cardplayer magazine reports that bookmakers took in an estimated $165.2 million in profits worldwide on Saturday's Kentucky Derby, making it the third-highest earning Derby in the races history. Churchill Downs alone made nearly $30 million in profits even after paying out $135.3 million to its bettors. In addition to wagers, the event was also had record attendance, it attracted 164,858 fans beating out the previous record of 163,628 fans for the first time since 1974.

"Today's record-breaking attendance and near-record wagering prove that the Kentucky Derby is not only an enduring American tradition but one of the most popular and well-supported sports and entertainment events available," commented Churchill Downs President Kevin Flanery in the press release. "When you deliver competitive, high-quality racing packaged with an unforgettable social experience, fans will want to be part of it. We saw evidence again this year of the Derby's power as an economic engine and cultural phenomenon. Our Churchill Downs team is tremendously proud of that outcome, and we want to thank our fans on-track and around the world and the thousands of people outside our company that contribute their time and talents to make each Derby Day successful and memorable."

While horse racing continues to be a source of pride in the American gambling industry Greyhound racing may soon be on its way out. Attendance at greyhound tracks is at an all time low and many states are considering doing away with grey hound racing all together and allowing race tracks to transition into poker rooms.

As always, stay tuned to Casinofan for more news and updates.

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