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Does The Kentucky Derby Bring Out The Gambler In You?

Kentucky Derby
Fashion at the Racetrack

Americans lose roughly $100 billion gambling each year, and with fans expected to wager more than $100 million during Kentucky Derby weekend, May 6-7, the personal-finance website WalletHub released an in-depth report on 2016’s Most Gambling-Addicted States as well as a collection of fun facts about the first leg of the Triple Crown.

Below are some highlights from each report:

Most Gambling-Addicted States Least Gambling-Addicted States
1 Nevada 41 North Carolina
2 South Dakota 42 Alaska
3 Mississippi 43 Kentucky
4 Montana 44 Wisconsin
5 Oklahoma 45 Indiana
6 West Virginia 46 Kansas
7 New Jersey 47 Arizona
8 Oregon 48 Alabama
9 Delaware 49 Nebraska
10 North Dakota 50 Utah

142nd Kentucky Derby By The Numbers:

  • 127,000: The number of Mint Juleps, containing 1,000 pounds of fresh mint, to be served throughout Kentucky Derby weekend.
  • 90 percent: Percentage of female spectators who will wear a hat.
  • $300,000: The 2016 fee for the world’s most valuable stud, Tapit.
  • $194.3 million: The total dollar amount wagered on the 2015 Kentucky Derby, the most in history, with $154.3 million ultimately being paid on winning tickets.
  • $200,000: The estimated value of the Kentucky Derby trophy, which includes an 18-karat gold horse and rider, 350 rubies and 12 emeralds.

By Richie Bernardo and John S KiernanFor a WalletHub News Release for SouthFloridaReporter.com, May 1, 2016 

WalletHub is the first-ever website to offer free credit scores and full credit reports that are updated on a daily basis. But we consider that just an appetizer, as we’ve built the brain of an artificially intelligent financial advisor that will truly leave your wallet full. WalletHub’s brain performs three primary functions, providing: 1) Customized credit-improvement advice; 2) Personalized savings alerts; and 3) 24/7 wallet surveillance. Such features are supplemented by more reviews of financial products, professionals and companies than any other website offers and a diverse community of subject matter experts. WalletHub is owned by Evolution Finance, Inc. and is based in Washington, DC.

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