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.
Suffolk 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.
Fair Grounds has increased overnight purses $12,000 per race for the final two weeks of its current meet.
Turfway Park has increased association purses 10% effective March 2. It's the second purse hike of the winter/spring meet.
Cold 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.
Purses and handle on Thoroughbred racing in the United States increased 3.3% and 1.5%, respectively, in 2006
Philadelphia Park will become Philadelphia Park Casino and Racetrack Dec. 19 when it officially begins slot-machine operations in Bensalem Township, Pa.
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.
Oaklawn 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.
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.
Pari-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.
On 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.
Beulah Park in Grove City, Ohio, set an all-time handle record during its 75-day winter/spring meet that spanned Jan. 7-May 6.
Total 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.
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.
The first meet with a Polytrack surface proved not only to produce solid footing but also solid financial figures.
Legislation 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.
Oaklawn Park raised overnight purses $700 per race effective March 1 because of an increase in Instant Racing revenue and overall handle.
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.
The 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.
The Fair Grounds meet at Harrah's Louisiana Downs will begin Nov. 19 with a $500,000 increase in purses.
Breeders' 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.
A 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.
Emerald 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.
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.
Prairie 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.
Hawthorne Race Course in Chicago announced an across-the-board purse increase for its meeting that will run Sept. 23 through Dec. 31.
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.
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.
The 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.
Pari-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."
Evangeline 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.
Total 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.
Oaklawn Park has raised all overnight purses by $1,000 effective April 9, when the Racing Festival of the South begins.
Fair Grounds Race Course announced Tuesday that overnight purses have been increased by 12%, effective with the race card of Friday, March 11.
The 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.
An 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.
Total 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.
The Derby is the Derby. But Churchill Downs doesn't want to take any chances with what it considers the signature event in Thoroughbred racing.
Thoroughbred and Quarter Horse interests in Iowa oppose a plan by the Standardbred industry to shift a larger percentage of purse money at Prairie Meadows to harness racing.
Horsemen at Calder will find a little something extra on their plates Thanksgiving Day. The track announced a purse increase of $1,000 per overnight race, which will take effect with the Nov. 25 race card.
Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.
By Gary West -- The message echoed through the grandstand and spread through the crowd. In the stable area, people from Europe, California, Kentucky, and New York gladly picked up the message and passed it along. Now, if only the so-called leaders in Texas aren't deaf.
A third-quarter increase in purses despite a decrease in pari-mutuel handle is attributed to growth in alternative gaming, the National Thoroughbred Racing Association said.
Though pari-mutuel handle on Thoroughbred racing in the United States and Canada dropped slightly in the second quarter of 2004, purses increased 2.86%, according to the National Thoroughbred Racing Association and Equibase.
The National Thoroughbred Racing Association Wagering Systems Task Force, formed to study why handle is up but purses are down, plans to release its report in August, officials said.
Churchill Downs Inc. president Tom Meeker said June 17 the company is in an excellent position for future growth and, though CDI intends to do its part, industry factions must work together to support and build the necessary infrastructure.
- By Dan Liebman
By Dan Liebman -- If Smarty Jones wins the Kentucky Derby it will be a great story...but it should not be allowed to distort Smarty Jones' earnings as a racehorse or his sire's place on the list of 2004 leading sires.
David Willmot shared his opinions on everything from slot machines to the relationship between purses and handle at Wednesday night's Kentucky Thoroughbred Farm Managers' Club meeting.
Total North American handle during the first quarter of the year was up slightly from 2003 despite 45 fewer racing days, but once again purses did not keep pace, according to statistics released Friday by the National Thoroughbred Racing Association and Equibase.
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