Churchill Boosts Purses Another 20%
Updated: Saturday, November 20, 2010 9:36 AM
Posted: Friday, November 19, 2010 2:16 PM
For the second time in a week, Churchill Downs will raise overnight purses because of higher than expected all-sources wagering levels. Effective Nov. 19, overnight race purses will be increased 20% for the final eight days of the fall meet, which concludes its 21-day run on Nov. 28.
On Nov. 12, Churchill announced that overnight race purses would jump 6.3% for the final 10 days of the season.
Purses for the final 83 scheduled overnight races—which include allowance, maiden special weight, claiming and maiden claiming events—will rise from the announced prize money in the condition book by an approximate blended average of $6,600 per race.
The revised projection for total overnight purses awarded at the meet is $6.8 million, up from the original forecast of $6.2 million at the start of the season. The daily average purse distribution (not including the Nov. 5-6 Breeders’ Cup programs) will be approximately $459,000 per day.
“We’ve been fortunate to have good weather and full, competitive fields during our boutique, four-week fall meet, which has limited competition from other racetracks during the fall,” said Kevin Flanery, president of Churchill Downs. “Also, some of our high-level allowance and claiming races for our top-tier horses have not filled and were not used, which means there’s more money available to distribute.
“We’re thrilled that horse racing fans have responded to our product through strong all-sources wagering, and that our owners, trainers, jockeys and breeders will benefit from a 20-percent increase in prize money over the final stretch of our season.
“As we’ve said before, these positive purse adjustments aren’t long-term solutions to the problems we continue to face in Kentucky’s signature horse racing industry. Purses remain well shy of their highest levels of recent years, and Kentucky still isn’t on a level playing field with states whose racetracks have an immense competitive advantage by having their purses fueled by slot machine and casino revenues.”
FREE! E-Newsletters from The Blood-Horse!...
Follow the top stories of major racing events, racing previews and results with FREE e-newsletters from bloodhorse.com. As news develops, we'll deliver updates to your inbox. Follow important events moment by moment, step by step!