Purses

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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.

Deal Protects Fort Erie Meet for 2009

Fort Erie Race Track & Slots in Ontario, Canada, will offer live Thoroughbred racing this year, and the local horsemen's group is asking for support from owners and trainers.

Jersey Governor Forms Racing Study Panel

New Jersey Gov. Jon Corzine signed an executive order March 5 creating a commission to study the state's horse racing industry and develop solutions for its long-term viability. The casino industry, which for years has subsidized horse racing in the state, will be involved in preparing the blueprint.

February Handle Down 11.6% From 2008

February Handle Down 11.6% From 2008

Wagering on United States races in February totaled $999,815,818, down 11.63% from $1,131,333,323 the same month a year earlier despite a 3.38% increase in the number of racing days.

Penn No Longer Purse Bottom-Feeder

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.

KY Horsemen Make Case to Legislators

More 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.

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