By Jerry Del Priore
With the Kentucky Derby set for Saturday, May 5th, racing fans everywhere are gearing up for the first leg of the triple crown. And what some people call the “most exciting two minutes in sports,” is no doubt a huge moneymaker all around.
With that in mind, the personal-finance website WalletHub today released a pair of reports: One spotlighting the fun facts about the historic race—which is held on the first Saturday in May at Louisville’s historic Churchill Downs Racetrack—and another analyzing which states have the biggest gambling problems.
Below are some highlights from each report:
The 2017 Kentucky Derby generated $209.2 million dollars in bets.
With 90 percent of female spectators wearing hats, people spare no expense when it comes to the fancy Kentucky Derby headwear, as the prices range from $500 dollars to $1,000 dollars per hat. But please, don’t block the view.
What’s the Kentucky Derby without a Mint Julep in tow? Well, lots of KD fans feel that way, as 120, 000 Mint Juleps are served over Kentucky Derby weekend, requiring 1000 pounds of fresh mint and 60,000 pounds of ice. Just try not to miss the action when the booze starts to kick in. Two minutes goes quick. I guess you can catch it on YouTube. Bottoms Up!
Mint Julep isn’t the only drink downed on Louisville’s biggest horse racing day. An estimated 522,000 cans of beer will be consumed, while 163,000 hot dogs will be eaten.
$997.19 Million – Worldwide sales of thoroughbred horses in 2017.
For the full infographic, please visit: https://wallethub.com/blog/kentucky-derby-facts/20836/
The second report looks at which states have the biggest wagering dilemma, and which are the lowest rates in the country.
Nevada comes in at number one (no surprise there), while South Dakota and Montana follow suit. New Jersey, no doubt thanks to Atlantic City, takes the eight spot.
Ironically enough, Kentucky ranks 48th, while Alabama and Nebraska are 49th and 50th, respectively.
To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-most-addicted-to-gambling/20846/.