NYRA, Finger Lakes to split $820,000 in purse enhancements

by | 08.05.2011 | 7:33am

Press Release

New York State Thoroughbred Breeding & Development Fund Chairman John D. Sabini and Executive Director Tracy Egan today announced that the Fund will provide $820,000 in purse enrichment to the Finger Lakes Racetrack and the New York Racing Association (NYRA).

As dictated by statute, Finger Lakes will receive 60 percent of the enrichment, totaling $492,000. NYRA, which operates tracks at Saratoga, Belmont and Aqueduct, will receive 40 percent, totaling $328,000. The enrichment, which will increase the purses at the respective tracks and attract larger fields and handle for race days, was approved by the Thoroughbred Breeding & Development Fund's board today at its meeting in Saratoga Springs.

“This contribution is a positive sign for New York's thoroughbred racing industry,” said Chairman Sabini. “Our state's race tracks are world-renowned and should continue to attract world-renowned participants. This enrichment gives these facilities a much-needed boost to enhance the sport and the betting public's experience in New York state.”

“The Thoroughbred Breeding & Development Fund's action demonstrates a commitment to elevating New York's thoroughbred racing stature,” said Executive Director Egan.

“We will continue to provide the tools and funds for our partners in the industry for it to thrive well into the future.”

The purse enrichment is the result of a revision to the Fund's 2011 budget, based on increased revenues from NYRA and lower payouts for Breeder and Stallion Awards than anticipated.

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