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Turfway Park ended its 2007 fall meet Oct. 4 with increases in on-track wagering and declines in all-sources wagering on its races compared with the same period in 2006.
Friday, October 05, 2007The inaugural meet at Presque Isle Downs concluded Sept. 29, with the track located at the casino of the same name near Erie, Pennsylvania reporting average daily purse distribution of $432,074 for the 29-day stand. Overnight purses averaged $368,074.
Monday, October 01, 2007The first race of the inaugural meet at Presque Isle Downs may very well tell the tale: There is lots of money up for grabs, and horses are coming from all over the place.
Thursday, August 30, 2007
The advent of a potentially strong competitor in western Pennsylvania might have minimal impact on the upcoming meet at Turfway Park, but track president Bob Elliston said it won't go unnoticed as far as Kentucky Thoroughbred racing is concerned.
Tuesday, August 14, 2007Attendance, on-track handle, and total handle remained up through the first 11 days of racing at Saratoga Race Course.
Monday, August 06, 2007
Belmont Park's on-track handle, including simulcasts, increased 4.3% at the recently-concluded 59-day spring/summer Meet, the racetrack announced July 27.
Tuesday, July 31, 2007Purses and pari-mutuel handle were up slightly in the second quarter of this year compared with the same period in 2006.
Tuesday, July 17, 2007In terms of money, it will be Del Mar, Keeneland, and Saratoga in northwestern Pennsylvania when Presque Isle Downs offers an inaugural 25-night meet with an average of $500,000 per program in purses.
Tuesday, July 17, 2007
Deductions for a new breed development program and statewide workers' compensation have led Mountaineer Race Track & Gaming Resort to cut purses 20% across the board beginning July 10. The West Virginia track has thousands of video lottery terminals that produce purse revenue and this fall will begin operating table games.
Sunday, July 08, 2007Revenue from slot machines will allow Philadelphia Park Casino & Racetrack to raise purses 20% beginning with the July 14 program at the Pennsylvania track.
Thursday, July 05, 2007Maryland Jockey Club and the Maryland Thoroughbred Horsemen's Association have agreed to reduce purses and slash the stakes schedule for the balance of the 2007 racing campaign as the industry faces a $3 million shortfall in the purse account by the end of the calendar year.
Tuesday, June 12, 2007A lucrative meet at Fair Grounds and the advent of slot machines at race meets in Florida and Pennsylvania fueled a 13% hike in purses for the first quarter of 2007, but handle was down.
Wednesday, May 09, 2007Steady growth in interstate wagering, total handle and purse payouts highlighted the 81st season of live thoroughbred racing at Tampa Bay Downs, which ended May 6. The Oldsmar, Fla., track also celebrated a record single-day attendance May 5 when a crowd of 11,014 witnessed Tampa Bay Derby (gr. III) winner Street Sense capture the 133rd Kentucky Derby.
Tuesday, May 08, 2007Suffolk Downs kicks off its 2007 season May 5 with an across-the-board purse increase and a tribute to longtime executive Bob O'Malley, who died in February at the age of 69.
Tuesday, May 01, 2007Fair Grounds has increased overnight purses $12,000 per race for the final two weeks of its current meet.
Thursday, March 15, 2007Turfway Park has increased association purses 10% effective March 2. It's the second purse hike of the winter/spring meet.
Wednesday, March 07, 2007Cold and wind chill have led Turfway Park to cancel live racing Friday night. It is the third cancellation of the week because of the weather.
Friday, February 16, 2007Purses and handle on Thoroughbred racing in the United States increased 3.3% and 1.5%, respectively, in 2006
Tuesday, January 16, 2007Philadelphia Park will become Philadelphia Park Casino and Racetrack Dec. 19 when it officially begins slot-machine operations in Bensalem Township, Pa.
Tuesday, December 19, 2006Fueled in part by all-source handle declines at such meetings as Del Mar, Arlington Park and Monmouth Park, overall wagering on United States racing in the third quarter of 2006 dropped by nearly $7 million.
Wednesday, October 11, 2006Oaklawn Park projects record daily average purses of $290,000 for its 2007 meet, up from $275,000 a day this year because of increased revenue from Instant Racing.
Thursday, August 31, 2006Magna Entertainment Corp. said it intends to proceed with the development of a slot-machine facility at Gulfstream Park despite a decision by the Florida District Court of Appeal First District.
Thursday, August 10, 2006Pari-mutuel handle increased 0.56% to slightly more than $4 billion during the second quarter of 2006, compared with $3.99 billion during same period in 2005, according to information released Monday.
Monday, July 24, 2006On the heels of an announcement by Beulah Park officials that the track's winter/spring meet produced an all-time record handle, the Ohio Horsemen's Benevolent and Protective Association claims the success did little for purses.
Tuesday, May 23, 2006Beulah Park in Grove City, Ohio, set an all-time handle record during its 75-day winter/spring meet that spanned Jan. 7-May 6.
Friday, May 12, 2006Total purses for this year's Breeders' Cup World Championships at Churchill Downs will be $20 million, up $6 million from last year under a new structure officials said is designed to keep the races competitive with other major Thoroughbred stakes around the world.
Wednesday, May 03, 2006The National Thoroughbred Racing Association (NTRA) and Equibase Company released the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the first quarter of 2006, as well as for U.S. purses and race days, with prior-year, first-quarter comparisons.
Friday, April 14, 2006The first meet with a Polytrack surface proved not only to produce solid footing but also solid financial figures.
Friday, April 07, 2006Legislation that would funnel more than $50 million a year to the Illinois racing industry cleared a House committee March 1, but it failed to win enough support after a third reading March 3.
Friday, March 03, 2006Oaklawn Park raised overnight purses $700 per race effective March 1 because of an increase in Instant Racing revenue and overall handle.
Wednesday, March 01, 2006Continuing a trend that began several years ago, on-track and total handle, as well as daily average overnight purses, at Tampa Bay Downs showed solid gains when the Florida racetrack hit the midpoint of its 2005-06 season the week of Feb. 20.
Wednesday, February 22, 2006The National Thoroughbred Racing Association and Equibase Company reported Wednesday that pari-mutuel handle and purses declined in the U.S. last year, primarily a result of racing cancelled due to weather.
Wednesday, February 01, 2006The Fair Grounds meet at Harrah's Louisiana Downs will begin Nov. 19 with a $500,000 increase in purses.
Wednesday, November 16, 2005Breeders' Cup will have a new, leaner 13-member board of directors that could be in place as soon as Jan. 8, 2006, the date of its next scheduled meeting.
Friday, November 04, 2005A more than 40% increase in total purses for the Breeders' Cup World Thoroughbred Championships could be realized as early as 2006 if the board of directors of Breeders' Cup is satisfied revenue projections will be met.
Wednesday, October 26, 2005Emerald Downs closed its 2005 race meet Oct. 16 with record increases in both handle and purses, making it the most successful year in the track's 10-year history.
Tuesday, October 18, 2005Ellis 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.
Monday, October 17, 2005Prairie Meadows plans to run 90 days of Thoroughbred and Quarter Horse racing in 2006 under a plan unanimously approved Aug. 29 by the track's board of directors.
Tuesday, August 30, 2005Hawthorne Race Course in Chicago announced an across-the-board purse increase for its meeting that will run Sept. 23 through Dec. 31.
Monday, August 15, 2005The 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.
Thursday, August 11, 2005If 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.
Friday, July 22, 2005The latest condition book at Mountaineer Race Track and Gaming Resort reflects a 20% reduction in purses primarily brought about by the shift of some video lottery terminal revenue to the state to fix its workers' compensation system.
Tuesday, July 19, 2005Pari-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."
Tuesday, July 12, 2005Evangeline Downs Racetrack & Casino, which just opened April 7 for the first Thoroughbred meet at its new location in Opelousas, La., has raised purses 10% across the board effective April 29.
Thursday, April 14, 2005Total 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.
Friday, April 08, 2005Oaklawn Park has raised all overnight purses by $1,000 effective April 9, when the Racing Festival of the South begins.
Friday, April 08, 2005Fair Grounds Race Course announced Tuesday that overnight purses have been increased by 12%, effective with the race card of Friday, March 11.
Tuesday, March 08, 2005The beneficial effect that alternative gaming at racetracks has on state Thoroughbred industries was affirmed again in 2004, according to statistics contained in The Jockey Club's 2005 Online Fact Book.
Friday, February 18, 2005An increase in handle on its live product had led Tampa Bay Downs to raise purses 7% effective Feb. 15. The daily average--overnight races and stakes--will be $140,000, a record for the track located in Oldsmar, Fla.
Tuesday, February 08, 2005Total 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.
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