Purses

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Ellis Park 2006 Race Dates Tabled for Now

Ellis Park is seeking to reduce its number of race days per week in 2006 from five to four, but approval of the change has been stalled by opposition from the Kentucky Horsemen's Benevolent and Protection Agency.

Hawthorne To See Purse Increase

  • News

Hawthorne Race Course in Chicago announced an across-the-board purse increase for its meeting that will run Sept. 23 through Dec. 31.

Kentucky Horsemen Question Ellis Park Purse Cut

The Kentucky Horsemen's Benevolent and Protective Association has taken issue with an Ellis Park purse reduction that has put the minimum purse to near $5,000 for the first time in recent memory at any Thoroughbred racetrack in Kentucky.

Horsemen Told of Rights to Influence Signal Fees

If horsemen believe they aren't receiving adequate compensation for their product, it's within their rights to be directly involved in the setting of host fees, a consultant said July 22 during the National Horsemen's Benevolent and Protective Association summer convention in Toronto, Ontario.

Handle Declines, But Purses Remain Steady

Pari-mutuel handle on Thoroughbred racing in the United States and Canada was down 3.8% in the second quarter of 2005, though purses dipped less than 1% for the quarter, according to the latest "Thoroughbred Racing Economic Indicators."

Handle, Purses Down in First Quarter of 2005

Total handle on United States Thoroughbred racing in North America, as well as U.S. Thoroughbred purses, were down in the first quarter of 2005 compared with the first quarter in 2004, the National Thoroughbred Racing Association and Equibase said.

Handful of Tracks, Bonus Fuel Purse Increase

Total Thoroughbred purses increased 3.42%--mostly from a limited number of sources--in 2004, while total handle on Thoroughbred races run in the United States declined less than 1%, according to a year-end "Thoroughbred Racing Economic Indicators" report released Jan. 12.

Breeds at Odds Over Iowa Purse Allocations

  • News

Thoroughbred and Quarter Horse interests in Iowa oppose a plan by the Standardbred industry to shift a larger percentage of purse money at Prairie Meadows to harness racing.

Calder Increases Purses $1,000 Per Overnight

Horsemen at Calder will find a little something extra on their plates Thanksgiving Day. The track announced a purse increase of $1,000 per overnight race, which will take effect with the Nov. 25 race card.

Churchill Downs Inc. Makes Financial Adjustments

Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.

Critical Crossroad

By Gary West -- The message echoed through the grandstand and spread through the crowd. In the stable area, people from Europe, California, Kentucky, and New York gladly picked up the message and passed it along. Now, if only the so-called leaders in Texas aren't deaf.

Bonuses and Purses

By Dan Liebman -- If Smarty Jones wins the Kentucky Derby it will be a great story...but it should not be allowed to distort Smarty Jones' earnings as a racehorse or his sire's place on the list of 2004 leading sires.

Handle Up, Purses Down During First Quarter

  • News

Total North American handle during the first quarter of the year was up slightly from 2003 despite 45 fewer racing days, but once again purses did not keep pace, according to statistics released Friday by the National Thoroughbred Racing Association and Equibase.

Wagering Task Force Holds First Meetings

  • News

The National Thoroughbred Racing Association's Wagering Systems Task Force, which was created to find out why total purses dropped in 2003 even though national handle increased, held its first meetings Thursday and Friday in New York City at the offices of Giuliani Partners.

NTRA Seeks Reasons Behind 2003 Purse Drops

  • News

The National Thoroughbred Racing Association's Wagering Systems Task Force has enlisted a panel of business experts, including former New York City Mayor Rudy Giuliani, to find out what caused purses to drop in 2003 even though national handle increased.

Raises For Roses

By Ray Paulick -- It's only mid-February, but it's never too early to start talking about the Kentucky Derby (gr. I) and the Visa Triple Crown Challenge.

Aggregation of Rights, Purse Growth High on NTRA Agenda

With major contracts for television, sponsorship, and membership up for renewal this year, the National Thoroughbred Racing Association believes 2004 is the year that could spark major growth in horse racing for the long term, commissioner Tim Smith said.

High Priority

By Ray Paulick -- This year-end headline could not have gone unnoticed by anyone operating a racing stable--large or small--or by the leaders of organizations whose mission is to improve the economics of the Thoroughbred industry: 2003 Handle Up Slightly, But Purses Decrease.

Ward: Thoroughbred Industry Has Serious Work to Do

The Thoroughbred industry will have to face the music and change its tune in the next few years if it is to flourish, trainer John Ward suggested during a lively discussion the evening of Nov. 4 at the monthly Kentucky Thoroughbred Farm Managers' Club meeting.

Signaling Trouble

By Ray Paulick -- In an age of telephone and Internet betting and rebates the price of the signal must be re-examined.

Wagering Increases, Purses Fall in Third Quarter

  • News

Total wagering during the third quarter of the year increased to $4,007,591,917, a growth of 3.38% over the same quarter last year. Third-quarter purses dipped 4.15%, to $306,800,417. Compared with third-quarter 2002, racing days declined slightly, with a total of 16 fewer days.

Hoosier Has Horses, But Purses Down Substantially

Hoosier Park will kick off its ninth season of Thoroughbred racing Aug. 29 with a streamlined program: Because of the presence of second racetrack in Indiana, purses are down a substantial $80,000 to $90,000 a day from 2002.

Kentucky Cup Turf Purse Reduced by $100,000

In an effort to maintain overnight purses for the Sept. 13-23 live racing season at Kentucky Downs, track officials have reduced the purse of the grade III Kentucky Cup Turf from $300,000 to $200,000.

Wagering Up, Purses Down for Second Quarter

Wagering in North America during the second quarter of the year increased 2.52% over the corresponding period in 2002. But, while there were 32 more racing days, purses dropped 1%.

Record Purses for Churchill's Foster Day

Purses for Saturday's four stakes races that make up Churchill Downs' "Stephen Foster Super Saturday" card started out at $1.35 million, but they will soar considerably higher when the "added money" portion of the purses enter the mix.

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