Prairie Meadows stands to save $17 million in gaming tax payments this year and $23 million by 2004 after the Iowa Supreme Court ruled June 12 that it was unconstitutional to charge a higher tax rate for slot machines at racetracks than those on riverboats.
Thursday, June 13, 2002The pari-mutuel industry in Iowa got a major boost June 12 when state Supreme Court justices ruled they could "find no rational reason for treating racetrack slot machines differently than riverboat slot machines." Racetracks currently pay a 32% tax, while the riverboats pay 20%.
Wednesday, June 12, 2002After more false endings than "Die Hard," the Prairie Meadows lease agreement between Polk County and the Racing Association of Central Iowa is finally official.
Thursday, May 23, 2002Jockey Terry Thompson set a Prairie Meadows record May 20 by winning six races in one day. Thompson had shared the old record of five victories with David Essman, Vicki Warhol, and Cindy Noll.
Tuesday, May 21, 2002Logan Bailey, who has been with Daily Racing Form more than 30 years, has been named vice president, Kentucky general manager...Nancy Kelly named vice president for Grayson...2-year-old filly breaks Prairie Meadows record in first start...
Wednesday, May 08, 2002The Polk County, Iowa, board of supervisors voted unanimously in favor of a five-year, $100 million rental agreement with the operators of Prairie Meadows Racetrack and Casino.
Wednesday, May 01, 2002Negotiations with horse racing interests at Prairie Meadows will be reopened. Polk County supervisors on April 16 said they fear a proposed lease agreement won't protect taxpayers if profits at the racetrack and casino fail to meet expectations.
Friday, April 19, 2002Prairie Meadows will pay $15 million per year in purses and $20 million annually to its landlord, Polk County, under separate deals worked out by the racetrack. Both agreements will begin in 2003.
Thursday, March 28, 2002A 2003 pact that would cut purses at Prairie Meadows by one-third is nearly done say racetrack and Thoroughbred officials.
Thursday, March 14, 2002The Racing Association of Central Iowa gave itself two weeks to decide if it can put together a viable offer to purchase the Prairie Meadows property from Polk County.
Wednesday, March 13, 2002The Racing Association of Central Iowa has offered to purchase Prairie Meadows Racetrack and Casino for $150 million. RACI, a non-profit organization that currently runs the Altoona track, would pay Polk County $15 million a year for 10 years, according to its proposal.
Thursday, November 01, 2001The Racing Association of Central Iowa will ask racing interests to scale back the 2002 season to free up more money for the association's offer to purchase Prairie Meadows from Polk County. Thoroughbred and Quarter Horse owners and trainers already have a contract that guarantees $19.9 million in purse money and Iowa-bred bonuses for 2002.
Wednesday, October 17, 2001The Racing Association of Central Iowa gave itself two weeks to decide if it can put together a viable offer to purchase the Prairie Meadows property from Polk County.
Tuesday, October 09, 2001At least two of Polk County's five supervisors want the county to sell Prairie Meadows Racetrack and Casino instead of continuing to lease the facility to the Racing Association of Central Iowa.
Thursday, September 27, 2001Shane Sellers will ride for the first time since a January spill put his career in jeopardy when he gets aboard Momentous in the $75,000 Prairie Meadows Oaks for 3-year-old fillies.
Wednesday, August 22, 2001Euchre joins Bobby Frankel's deep handicap arsenal with a win in the Cornhusker Breeders' Cup Handicap.
Tuesday, July 10, 2001Stronach Stable's homebred Euchre rallied from just off the pace to win the $401,625 Prairie Meadows Cornhusker Breeders' Cup Handicap (gr. III) by 1 3/4 lengths on Saturday at Prairie Meadows.
Saturday, July 07, 2001Sir Bear will face six competitors Saturday when he tries for back-to-back victories in the $400,000 Prairie Meadows Cornhusker Breeders' Cup Handicap.
Friday, July 06, 2001Unbridled Elaine showed she still belongs among the best 3-year-old fillies in the country on Thursday when she easily won the $150,000 Iowa Oaks at Prairie Meadows by nearly nine lengths. On the same day, 13-1 longshot Elodare took the $75,000 Cyclone Stakes for Iowa-breds.
Friday, July 06, 2001Jorge Chavez, one of the top jockeys in the country and winner of this year's Kentucky Derby aboard Monarchos, will travel to Prairie Meadows in Altoona, Iowa, Saturday to pilot Sir Bear in the $400,000 Prairie Meadows Cornhusker Breeders' Cup Handicap.
Friday, July 06, 2001The upcoming mixed meet at Prairie Meadows will feature a reduced pari-mutuel takeout and a new pick four wager with a 12% takeout rate. The changes were approved by the Iowa Racing and Gaming Commission.
Tuesday, June 26, 2001Kentucky Derby (gr. I) winning rider, Jorge Chavez, will be one of eight leading jockeys coming to Prairie Meadows May 21 to compete in Riding Cup IV, a charity fundraising event. Jockey Chavez won the May 5 Derby aboard the John Oxley-owned Monarchos, trained by John Ward.
Thursday, May 17, 2001Claiming Crown preview days have been scheduled at four racetracks in anticipation of the main event, which is set for Aug. 4 at Canterbury Park in Minnesota. The preview days will feature races with conditions identical to those of the Claiming Crown.
Wednesday, May 02, 2001When the Iowa Legislature passed the Pari-mutuel Gaming Act in 1983, state lawmakers envisioned diversifying Iowa's agricultural industry in an innovative direction - horse racing and breeding. The diversification process worked, and it has seen an increase
Thursday, April 05, 2001A summary of news and events in the Thoroughbred industry.
Thursday, January 11, 2001Prairie Meadows' mixed and Thoroughbred meets suffered large decreases in handle and attendance.
Wednesday, October 04, 2000Trainer Bob Baffert and owner Mike Pegram took their show on the road to Prairie Meadows Monday evening, signing autographs and playing before an enthusiastic crowd. Their Captain Steve kept his end of the bargain, winning the $250,000 Iowa Derby at 1-5.
Tuesday, July 04, 2000It may be called the Iowa Festival of Racing at Prairie Meadows, but so far it's been a Kentucky roadshow.
Tuesday, July 04, 2000