Purses

News, Articles, Videos and other content about Purses

TRA Report Reflects Purse Revenue Trends

TRA Report Reflects Purse Revenue Trends

Revenue from alternative forms of gaming now accounts for almost one-third of total Thoroughbred purses in United States, but despite a decrease in handle, the percentage of handle that goes to purses has remained steady.

Handle, Purse Declines Not as Bad in April

Handle, Purse Declines Not as Bad in April

Pari-mutuel handle and purses for April 2010 didn't approach the levels of the same month two years ago, but the Thoroughbred Racing Economic Indicators released May 4 could reflect a slowing of the erosion.

Aussie Debate Rings True in North America

Racing industry participants in Australia are seeking "certainty based on a fair return" from betting operators and have taken their case to a commission charged with helping government make better policies.

Breeders' Cup Boosts November Purses, Handle

The Nov. 6-7 Breeders' Cup World Championships during the Oak Tree at Santa Anita meet provided a major shot in the arm for November purses, which were up 24.9% over the same month a year ago when the Breeders' Cup was held in October.

Another Financial Hit Looms for KY Breeders

The Kentucky Breeders Incentive Fund could be reduced by 30% because of declining revenue, while horse farms "can't withstand another year like 2009," Kentucky lawmakers were told Nov. 10 during a meeting of the Joint Subcommittee on Horse Farming.

CDI's Evans: Some Progress in Kentucky

The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.

Purses Drop 6% During Month of September

Wagering on Thoroughbred races in the United States was only down less than 1% in September, but for the year still lags 2008 by more than $1 billion.

Hoosier Puts Bit More Pressure on Kentucky

Hoosier Park Racing & Casino has announced purse increase that has put purses about 20% higher than they were when its meet began July 30. Thus far, the Indiana track has paid about $30,000 more a day than Turfway Park in neighboring Kentucky.

Delaware Park Latest Track to Shave Dates

Delaware Park and the Delaware Thoroughbred Horsemen's Association have agreed to shave seven days from the track's 2009 racing schedule because of a decline in revenue from video lottery terminals. The change must be approved by the Delaware Thoroughbred Racing Commission.

Most Popular Stories