For the month of September, pari-mutuel handle continued to decline, but a considerable increase in purses provided a silver lining, according to the latest Thoroughbred Racing Economic Indicators.
Pennsylvania's 10 casinos -- racetrack and standalone -- generated $274.9 million for the state's Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report.
Hoosier Park Racing & Casino, citing an increase in pari-mutuel handle, raised most purses effective Sept. 27.
The Illinois Racing Board Sept. 27 rejected a 2011 racing dates proposal that would have eliminated the spring meet at Hawthorne Race Course, including the grade III Illinois Derby.
Legislation to authorize Internet gambling at Atlantic City casinos-- and produce a dedicated amount for purses at racetracks--has been introduced in the New Jersey Senate.
River Downs, where the start of the 2011 race meet was delayed because of Ohio River flooding, reported gains in live handle and daily average purses.
Canterbury Park officials said overall business numbers for the Minnesota track's 2011 meet were "encouraging" in the face of 20 lost days caused by a state government shutdown.
- By Tom LaMarra
After a solid rebound in July, pari-mutuel handle and purses declined substantially in August, according to the latest Thoroughbred Racing Economic Indicators.
Kentucky Downs will inaugurate Instant Racing in Kentucky Sept. 1 and believes the form of pari-mutuel wagering can help restore "vibrancy" to the state's horse racing industry.
The Thoroughbred Breeders' Association of New Jersey has filed an appeal in connection with Gov. Chris Christie's veto of a decision by the New Jersey Racing Commission to award $15 million in purse supplements.
With expectations that funding for the New York-bred program will increase about 100% by 2014, officials hope to strike a balance with plans to expand its offerings and rewards for owners and breeders.
Roughly $141 million in an escrow account has been freed up for use by the Illinois horse racing industry, according to published reports.
With little time to spare and graded status for three races on the line, all five Kentucky Cup stakes will return to the calendar at Turfway Park in September. This year's Cup Day will be sponsored by WinStar Farm.
Calder Casino & Race Course has increased some purses 5% beginning with its July 21 program. It is the second purse increase in roughly a month.
It appears Kentucky Downs will be the first racetrack in the state to apply to the Kentucky Horse Racing Commission for an Instant Racing license.
The New Jersey Racing Commission, in what could end up being nothing more than a symbolic gesture, has divvied up $15 million in casino money that would be used for purses in 2012 should Gov. Chris Christie approve.
An ongoing battle over pari-mutuel takeout rates in California isn't only a major issue in the war over horsemen's representation, but it also has moved horseplayers' involvement in political issues in racing to a new level.
Churchill Downs has raised purses for its spring meet again, this time by 15% effective June 16. A 10% purse hike was announced June 3 at the Kentucky racetrack, whose meet continues through July 4.
Wagering on U.S. races fell 7.8% during the month of May as the declines in Thoroughbred racing continue, according to figures released June 4 by the Equibase Company.
Calder Casino & Race Course and the Florida Horsemen's Benevolent and Protective Association's board of directors June 3 jointly announced a 7.5% purse increase beginning with Calder's June 3 race card.
Negotiations regarding the lease of two New Jersey racetracks by private operators continued June 1, the date state officials had set to wrap up the transfers.
Purse revenue earned from pari-mutuel handle and racetrack slot machines dropped in 2010, according to the Pennsylvania Gaming Control Board's "benchmark report" on racetrack casinos in the state.
Oaklawn Park reported increases in attendance, pari-mutuel handle, and purses for its 2011 meet, which was impacted early on by weather-related cancellations.
Whether gross or average figures are used, pari-mutuel handle for the Santa Anita Park winter/spring was down, according to information compiled from various sources.
A racetrack whose obituary was written more than 10 years ago finds itself in the odd situation of being the most stable track in New Jersey -- for now at least -- as it prepares to open its 65th season April 28.
As expected, purses won't be nearly as high as they were last year when Monmouth Park begins its 2011 meet May 14.
Turfway Park reported across-the-board increases in pari-mutuel handle for its 2011 winter/spring meet in the face of national figures that show total handle on United States racing is down 8.5% for the same period.
Key economic indicators for North American racing in March and the first three months of 2011 reflected a continuation of the trend in which wagering is down but purses are up.
A proposed 2.75% state surcharge on purses on New York races was rejected by lawmakers in a last-minute round of state budget talks at the Capitol in Albany.
Having compromised on the number of racing dates, Pinnacle Entertainment and the Ohio Horsemen's Benevolent and Protective Association have agreed on a contract for the 2011 meet at River Downs.
The $500,000 Colonial Turf Cup (gr. IIT) at Colonial Downs June 18 is now open to older turf horses -- one of several changes for the 2011 summer meet at Colonial Downs.
- By Tom LaMarra
The National Horsemen's Benevolent and Protective Association is compiling the results of a survey that shows its 30 affiliates spent almost $11 million on benevolence programs last year.
Horsemen were told March 18 of the importance of keeping close watch of purse accounts, money from which sometimes ends up commingled with racetrack operating accounts or tangled in bankruptcy cases.
Breeders of registered Maryland-bred horses that win any maiden race at the Pimlico Race Course spring meet will receive a 14.5% "loyalty" bonus, the Maryland Horse Breeders Association announced March 8.
There was good news and bad news March 4 when Equibase released its monthly report on Thoroughbred Racing Economic Indicators.
Mountaineer Casino, Racetrack & Resort will begin its 210-day meet March 1 with a schedule similar to that of last year.
Arlington Park and Illinois horsemen have agreed to tie individual race purses to field size this year in an effort to ensure more bettable races.
Suffolk Downs has threatened to shut down in March if the New England Horsemen's Benevolent and Protective Association and other chapters across the country do not restore simulcast signals by Feb. 26, according to a source.
- By Tom LaMarra
United States purses increased slightly in January year-over-year despite a reduction in racing days, but pari-mutuel handle on U.S. races dropped almost 10%.
Thoroughbred industry marketer Fred Pope outlines a plan to reward the owners of the most popular horses with bonus purse money. Read Blog
- By Tom LaMarra
Penn National Gaming Inc. believes racetrack gaming can be a major economic driver but shouldn't be viewed as a means to increase pari-mutuel wagering on racing, company president Peter Carlino said.
Video lottery terminal revenue from two Maryland casinos will fund a 16% increase in purses at Laurel Park effective Feb. 2.
The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.
A bill that would shift $30 million from the Casino Redevelopment Authority to the horse racing industry over a three-year period progressed in the New Jersey legislature Jan. 10.
Wagering on Thoroughbred racing in the United States fell 7.3% and purses declined 6% in 2010, continuing the trends seen in recent years as the industry remains mired in recession.
Turfway Park, which raced four days a week instead of five during its holiday meet, reported an increase in average daily ontrack wagering but as expected a decrease in average daily all-sources pari-mutuel handle.
Hollywood Casino at Charles Town Races reported gains in total pari-mutuel handle for its 2010 meet, which spanned 227 full programs and four partial cards through Dec. 31.
Mountaineer Casino, Racetrack & Resort will offer 210 days of live Thoroughbred racing in 2011 beginning March 1.
Hastings Racecourse & Slots will offer a 71-day Thoroughbred meet in 2011 and increase purses double digits, officials said.
The Maryland Jockey Club will receive more than $5 million for operations under the parameters of a negotiated agreement that will maintain a full 146-day live Thoroughbred racing schedule in the state.
Most Popular Stories
- Crown Champ American Pharoah Returns to Work
- E Dubai Filly Top Pick at MD Yearling Show
- Casse Eyes Second Straight Queen's Plate Win
- KHRC Delays Action on Medication Rules
- Presque Isle Asks State for Guidance on Deer
- Churchill Downs Spring Meet Handle Increases
- Normandy Invasion Set to Return at Delaware
- Keeneland Expands Fall Meet Stakes Schedule
- ABR Releases Another Digital Video Ad
- Zia Park Schedules 33 Stakes for 2015 Meet