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In their first 11 months of operation, slot machines at Hollywood Casino at Penn National Race Course produced more than $22.6 million for Thoroughbred purses and breed development. The funds have allowed Penn National to offer a minimum purse that will be higher than that paid by some of its competitors.
Friday, February 20, 2009More than 100 people who make their living in the Kentucky horse industry made their case to three Northern Kentucky legislators Feb. 16, and the message was clear: The economics must change or the state will lose a valuable asset.
Monday, February 16, 2009
A switch to five-day racing weeks and a long stretch of dry weather are among the factors helping Gulfstream Park buck an industry trend of lower pari-mutuel handle.
Monday, February 09, 2009Pari-mutuel handle was down 1.56% in January compared with the same month in 2008, but the decline wasn't close to the 20.3% slip in handle in December 2008 versus a year earlier.
Wednesday, February 04, 2009The $1-million Delaware Handicap (gr. II) will be the highlight of a scaled-back $3.175-million stakes program at Delaware Park in 2009, the track announced Jan. 29.
Thursday, January 29, 2009
All-sources handle for all New York Racing Association tracks declined 2.1% in 2008, but purses grew 3.1%, it was reported Jan. 22.
Thursday, January 22, 2009
Hawthorne Race Course in Illinois registered gains in average daily total handle for its 2008-09 fall/winter meet thanks to increases in out-of-state wagering. On-track and in-state handle on Hawthorne races declined, however.
Tuesday, January 20, 2009Charles Town Races & Slots has announced a 2009 open stakes schedule with a record $2.7 million available in purses. The 12 scheduled stakes will take place on three special event days, beginning April 18 with Charles Town Classic Day.
Tuesday, January 13, 2009
Hampered by a 20.3% drop in total handle in December, wagering in the United States declined 7.2% in 2008 to record the lowest overall total in a decade.
Tuesday, January 06, 2009
The Florida Horsemen's Benevolent and Protective Association said Dec. 22 it has reached agreements on advance deposit wagering contracts with Calder Race Course and Gulfstream Park.
Monday, December 22, 2008Breeders' Cup, under fire for a plan to suspend the Breeders' Cup Stakes program, issued a memorandum Dec. 18 that in part explains the organization's financial situation and investment strategy.
Thursday, December 18, 2008
Remington Park in Oklahoma recently completed its 20th season of Thoroughbred racing with a record purse disbursement and increased attendance, but followed national trends with a decline in most wagering statistics.
Thursday, December 18, 2008Illinois Gov. Rod Blagojevich Dec. 15 signed legislation that extends the diversion to horse racing of 3% of revenue from the state's four highest-grossing riverboat casinos.
Thursday, December 18, 2008
The Breeders' Cup board of directors has decided to fund the Breeders' Cup Stakes program for 2009 by using money from the organization's reserve fund, according to a statement dated Dec. 17.
Wednesday, December 17, 2008
Racetrack management and horsemen in Ohio struck an agreement Dec. 16 that will reinstate more than 160 Thoroughbred racing dates at Beulah Park and River Downs in 2009, and save more than 1,000 horses at Beulah Park from being forced out of the track's stable area by Dec. 27.
Wednesday, December 17, 2008
Five days after it announced it was suspending its North American Stakes program, Breeders' Cup apparently has reversed itself and decided to fund the program for 2009, according to two members of its board.
Tuesday, December 16, 2008
Kentucky horse racing and breeding industries are losing ground to other states, and if immediate action is not taken to stem the tide, the state could find itself in jeopardy of losing one of its signature industries, according to a 70-plus-page document released Dec. 15 by the Governor's Task Force on the Future of Horse Racing.
Monday, December 15, 2008The Interstate Horseracing Act of 1978 is a double-edge sword. And the debate over whether it should be amended continues.
Friday, December 12, 2008
The rejuvenated New York Racing Association has big plans for its new 25-year franchise, but president and chief executive officer Charles Hayward said Dec. 9 the organization has to plan wisely should revenue sources dry up.
Tuesday, December 09, 2008The 2008 National Steeplechase Association season, which came to a close Nov.29 with the inaugural Palm Beach race meet, set new highs in total and average purses.
Thursday, December 04, 2008
Wagering on Thoroughbred races fell almost 10% in November compared with November 2007, Equibase reported Dec. 3 in its monthly "Thoroughbred Racing Economic Indicators." Purses dropped more than 2%, but race days increased more than 5%.
Wednesday, December 03, 2008A study released by Ohio State Racing Commission offers a short-term action plan and a long-term strategy for the struggling horseracing industry in the Buckeye State, but one racetrack official said the quickest fix lies with the pen of Gov. Ted Strickland.
Tuesday, November 25, 2008
Calder Race Course will not hold any overnight stakes through the rest of its meet that ends Jan. 2, 2009. Five have been cut from the next condition book, which runs through Dec. 14.
Monday, November 24, 2008
The New Jersey Racing Commission granted 2009 racing dates Nov. 19 for Atlantic City Race Course and Freehold Raceway, two tracks that have been involved in conflicts tied to casino-paid purse supplements.
Wednesday, November 19, 2008Two New Jersey lawmakers have taken a bipartisan approach in urging the governor to quickly form a committee to examine the state and future of the horse racing and breeding industry.
Wednesday, November 19, 2008An ugly dispute over purse supplements for a New Jersey harness track could have long-term ramifications as officials devise a plan for the future of horse racing in the Garden State, and it also sheds light on the complications that can arise when racing and gaming are linked.
Friday, November 14, 2008
Churchill Downs, for the second time, has cut purses for its fall meet. Among the casualties is the grade II Clark Handicap scheduled for Nov. 28.
Saturday, November 08, 2008Issues surrounding a $90-million purse subsidy from Atlantic City casinos continue to plague the New Jersey horseracing industry.
Friday, November 07, 2008About 1,000 Thoroughbreds could be forced to leave the grounds of Beulah Park by the end of this year if the racetrack and horsemen's association don't have a deal for advance deposit wagering revenue in place by Nov. 21, the day the Ohio State Racing Commission will award racing dates for 2009.
Tuesday, November 04, 2008
Hoosier Park Racing & Casino and Indiana Downs have submitted requests for 2009 schedules that could significantly impact surrounding states.
Monday, November 03, 2008Beulah Park and the Ohio Horsemen's Benevolent and Protective Association have "agreed to disagree" on contractual issues, but a temporary agreement has allowed the track to restore previous purse levels and export its signal.
Saturday, October 25, 2008Beulah Park, locked in a dispute that centers on revenue from advance deposit wagering, intends to resume live racing Oct. 22 but with greatly reduced purses and no export of its signal outside of Ohio.
Tuesday, October 21, 2008The Illinois Thoroughbred Horsemen's Association, which represents owners and trainers at Arlington Park and Hawthorne Race Course, and the Oregon Horsemen's Benevolent and Protective Association, comprised of horsemen competing at Portland Meadows, have voted to join the Thoroughbred Horsemen's Group.
Monday, October 13, 2008
Handle on races in the United States sharply dropped 9.85% in the third quarter of this year, clearly in keeping with a trend that began in early 2008.
Thursday, October 09, 2008
Turfway Park closed its 2008 fall meet with declines in all-sources and on-track handle, the Florence, Ky., track reported Oct. 3.
Friday, October 03, 2008
Presque Isle Downs reported a total handle of $31,425,213 for its 101-day meet that ended Sept. 28, a stand that was 76 days longer than the track's inaugural meet last year.
Monday, September 29, 2008A new stakes worth up to $1 million will be offered next year at Charles Town Races & Slots in West Virginia.
Thursday, September 18, 2008
Calder Race Course has announced another major cut in purses and the cancellation of eight $100,000 stakes races. The track, in a release, said it was trimming overnight purses by 17% effective Sept. 18.
Friday, September 12, 2008Evangeline Downs Racetrack and Casino's recently concluded 2008 spring/summer Thoroughbred season posted all-time highs in average nightly handle, single-night handle, average field size, and purse distribution for the 84-night meet.
Friday, September 05, 2008
Ellis Park ended its annual racing meet Sept. 1 with a 3% drop in daily handle, despite broader signal distribution to advance deposit wagering outlets.
Thursday, September 04, 2008Hoosier Park Racing & Casino kicks off a 14th season of Thoroughbred racing Aug. 29, and the 63-day meet will be one of change.
Friday, August 29, 2008
Calder Race Course has asked the Florida Division of Pari-Mutuel Wagering for permission to hold live racing four days a week, rather than five, during 11 weeks beginning Sept. 1.
Wednesday, August 27, 2008
Total purses earned at Pennsylvania racetracks jumped 162% from 2006 to 2007 because of revenue from on-track slot machines, while the percentage of purses earned from pari-mutuel wagering dropped substantially during the same period, according to the Pennsylvania Gaming Control Board's first "benchmark report" on the impact of slots on pari-mutuel wagering.
Monday, July 28, 2008
The New York Racing Association, Inc. announced July 17 that purses for open company route races on the dirt and turf at Saratoga Race Course will be increased, based on the number of horses in a race.
Friday, July 18, 2008
Despite downward trends in wagering nationwide, Indiana Downs bucked the trend by staying relatively flat during its 54-day Thoroughbred meet that ended July 8.
Tuesday, July 15, 2008Pari-mutuel handle took a hit but purses gained a bit in the second quarter of 2008, according to the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing.
Friday, July 11, 2008
Calder Race Course resumed sending its signal to racetracks outside Florida July 10, and started receiving its full regular menu of simulcast signals from other tracks.
Thursday, July 10, 2008The Thoroughbred Horsemen's Group is calling for a meeting with the Thoroughbred Racing Associations to discuss advance deposit wagering revenue given ongoing conflict between horsemen, racetracks, and ADW providers over equitable revenue splits.
Wednesday, July 09, 2008
The slots era in Indiana is off to a strong start as the casinos at both Hoosier Park and Indiana Downs combined to pull in a little more than $26 million in adjusted gross receipts during the first month of operation.
Wednesday, July 09, 2008
The Florida Horsemen's Benevolent and Protective Association issued a statement July 8 thanking Calder horsemen who "took the full brunt" of purse cuts during a 2 1/2-month dispute with track owner Churchill Downs Inc.
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