Keyword: purses

  • TRA Report Reflects Purse Revenue Trends

    Revenue from alternative forms of gaming now accounts for almost one-third of total Thoroughbred purses in United States, but despite a decrease in handle, the percentage of handle that goes to purses has remained steady.

  • Handle, Purse Declines Not as Bad in April

    Pari-mutuel handle and purses for April 2010 didn't approach the levels of the same month two years ago, but the Thoroughbred Racing Economic Indicators released May 4 could reflect a slowing of the erosion.

  • PA Report: Live Racing Boosts Slots Revenue

    Horse racing at Pennsylvania racetracks is helping casino companies make more money on slot machines, according to one piece of information in the Pennsylvania Gaming Control Board's 2009 report on racetrack gaming.

  • Handle, Purses Down; Some Improvement Seen

    Wagering on United States races was down 10.35% for the first three months of 2010 when compared with the same period a year ago, but handle in March rebounded considerably from a month earlier.

  • Woodbine Race Course

    Woodbine Prepared for Year of Change, Growth

    Woodbine begins its long meet April 2 with a focus on change, a strong purse structure and stakes schedule, and hope its expansion project gets off the ground.

  • River Downs

    River Downs Situation Described as 'Horrible'

    Absent an agreement with horsemen, River Downs will begin its live meet April 16 with a minimum purse of $3,200, the lowest in almost two decades, in yet another sign of a struggling Ohio horse racing industry.

  • Monmouth Park

    NJ Breeders Simply Hoping Monmouth Plan Works

    Thoroughbred breeders and owners in New Jersey hope a new summer format at Monmouth Park is successful, but they also are concerned about whether it will have a long-term positive effect.

  • Monmouth Park

    State, Horsemen Agree on Monmouth Dates

    State officials and New Jersey horse racing industry leaders said March 8 they have reached an agreement to reduce the number of racing dates at Monmouth Park this summer but boost purses to $1 million a day.

  • River Downs

    River Downs Seeking Shorter Racing Week

    River Downs, which anticipates further erosion of pari-mutuel revenue this year, has asked the Ohio Horsemen's Benevolent and Protective Association to consider a reduction in 2010 racing dates.

  • Lengthy Purse Dispute Resolved in New Jersey

    A battle over purse supplements for a New Jersey harness track that dates back to 2008 was resolved with the Feb. 6 announcement that purses at Freehold Raceway will increase by almost $5 million over the next year.

  • Hialeah Park Seeks to Meet Purse Guarantee

    Hialeah Park is entering the final two weeks of its first Quarter Horse meet with pari-mutuel handle owner John Brunetti calls "a disappointment," and with a need to catch up on its guarantee of $4 million in purses.

  • Aussie Debate Rings True in North America

    Racing industry participants in Australia are seeking "certainty based on a fair return" from betting operators and have taken their case to a commission charged with helping government make better policies.

  • Group Stakes in Ireland to See Purse Cuts

    Horse Racing Ireland has announced a series of budget cuts, including a reduction in purses for 2010 of 10.2%, from 53.1 million euros to 47.7 million euros.

  • Delaware Report Suggests 'Three Is Enough'

    As the Delaware government awaits the results of an independent study into the expansion of casino gambling in the state, a study commissioned by three racetracks concluded the addition of casinos will cannibalize the market.

  • Claiming Crown Looking at Purse Options

    Claiming Crown organizers will meet in Tucson, Ariz., the week of Dec. 7 to iron out details of the 2010 event and perhaps look for ways to generate purse money through sponsorships.

  • 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.

  • Canterbury Park to Race 62 Days in 2010

    Canterbury Park received approval from the Minnesota Racing Commission Nov. 19 to conduct a 62-day Thoroughbred and Quarter Horse meet in 2010. The season will mark the 25th anniversary of the racetrack that opened as Canterbury Downs.

  • 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.

  • Oaklawn Stakes Purses Up for 2010

    Purses may be down across the country, but stakes purses at Oaklawn Park will be higher in 2010 than they were in 2009 according to report on Arkansas Sports 360.com.

  • Smooth Air won the 2008 Ohio Derby.

    Racing Commission: Cut Dates, Run Ohio Derby

    The Ohio State Racing Commission Aug. 20 brought the grade II Ohio Derby back to the schedule this year by ordering a reduction of five live racing days at Thistledown, traditional host for the only graded stakes in the Buckeye State.