Purses

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Steeplechase Posts Record in 2007

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Steeplechase Posts Record in 2007

National Steeplechase Association purses were a record $5,357,645 in 2007, up 10.5% from last year, according to the organization's year-end statistics released Nov. 30.

Texas Panel OKs 2008 Breed Splits

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The Texas Racing Commission approved 2008 breed splits for horses and discussed the closure of one of the state's three Greyhound tracks during its Nov. 27 meeting.

Optimism But Concern in Maryland

Optimism But Concern in Maryland

Maryland racing interests are optimistic over passage of legislation to authorize a statewide referendum on slot machines in November 2008, but they indicated there remains a need for financial relief before the slots measure even comes up for a vote.

Fawkes Hopeful for New York String

Florida-based trainer David Fawkes had good luck shipping Take d'Tour to New York to win grade I races in 2006 and 2007, and now he looks forward to doing well with his first New York-based stable at Aqueduct's fall and winter meets.

Calder: Purse Cuts Are Necessary

Calder: Purse Cuts Are Necessary

In response to statements made by the Florida Horsemen's Benevolent and Protective Association in regard to purse cuts, Calder Race Course president Ken Dunn responded Nov. 11 by saying the decision was based on simple economics and was absolutely necessary based on decreased business during the month of October.

Field Size an Issue at Delaware

Delaware Park, one of Thoroughbred racing's pioneers in terms of combining racing and video gaming, ended its 2007 meet Nov. 4 with declines in total handle and field size, though purses paid increased about $1 million.

Purses to Increase 12% for Aqueduct Fall Meet

Purses to Increase 12% for Aqueduct Fall Meet

The New York Racing Association will again raises purses, this time for the 45-day Aqueduct fall meet that begins Oct. 24 and runs through Dec. 30. Projected purses will be the highest in recent memory for the fall meet.

Purses Boost Inaugural Presque Isle Meet

The 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.

Kentucky Racing Industry Could Feel Tighter Squeeze

Kentucky Racing Industry Could Feel Tighter Squeeze

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.

Mountaineer Purses Cut 20% Across the Board

Mountaineer Purses Cut 20% Across the Board

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.

Tampa Bay Downs Reports Record Handle and Purses

Steady 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.

Wagering Declines During Third Quarter

Fueled 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.

MEC to Proceed With Gulfstream Park Slots Parlor

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Magna 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.

Handle, Purses Up through First Quarter of 2006

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The 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.

Tampa Bay Downs Continues to Show Growth

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Continuing 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.

Ellis Park 2006 Race Dates Tabled for Now

Ellis 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.

Hawthorne To See Purse Increase

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Hawthorne Race Course in Chicago announced an across-the-board purse increase for its meeting that will run Sept. 23 through Dec. 31.

Kentucky Horsemen Question Ellis Park Purse Cut

The 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.

Horsemen Told of Rights to Influence Signal Fees

If 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.

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