Purses

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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.

Incentive Program Boosts Races at Saratoga

Twelve more races qualified under the purse incentive program created to increase field size during week two of the 2009 Saratoga Race Course meet, according to The New York Racing Association. Purse increases from incentives during the meet's second week totaled $74,750, a 16.5% advance over the original purse values.

Ohio VLTs Progress; Horsemen Concerned

Ohio VLTs Progress; Horsemen Concerned

Democratic Gov. Ted Strickland signed a directive July 13 instructing the director of the Ohio Lottery to immediately begin taking steps to implement video lottery terminals at the seven racetracks in Ohio. But questions remain as to how the racing and breeding industry will benefit.

Ontario OKs Horse Improvement Program

The Ontario Racing Commission March 25 approved $47.1 million Canadian for the 2009 Horse Improvement Program, which funds stakes, breed development, and equine research for Thoroughbred and Standardbred racing.

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