Purses

Dubai WC stays world’s richest purse

The Dubai World Cup remained the world’s richest race in 2010, with a purse of $10 million.  The Melbourne Cup climbed four spots to be second on the list, with a purse of $5.9 million.  America’s richest race, the Breeders’ Cup Classic, held seventh place at $4.5 million.

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November wagering, purses down from 2009

Betting on U.S. races fell 7.8% in November, compared to the same month in 2009, according to the latest figures from Equibase. Despite strong handle during the Breeders’ Cup, total handle for November, 2010 was $906 million, a drop from $982 million a year ago. Total purse money for U.S. races also declined 8.5% from […]

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Calder reverses recent hike in purses

Troubles at Calder have forced the Florida track to rescind recent purse hikes.

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BELMONT PARK FALL MEET PURSES TO INCREASE 13 PERCENT

PRESS RELEASE Starting with the card on Saturday, September 25, The New York Racing Association, Inc. (NYRA) will increase purses at Belmont Park’s fall championship meet by approximately 13 percent.   Average daily purses for the Belmont meet will be $480,000, up from the initial projected figure of $425,000. require_once(ABSPATH. ‘/wp-content/blogad.php’); ?>   With purses for […]

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SUFFOLK DOWNS ANNOUNCES PURSE REDUCTION

PRESS RELEASE Suffolk Downs will reduce its average daily purse distribution by 26% for the second half of its 2010 racing season to achieve a 13% reduction in purses for the meet, bringing purse distribution in line with statutory minimums, track officials announced today. The reduction will bring the daily purse level for […]

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INDIANA BRED PURSES TO RECEIVE SUBSTANTIAL INCREASE

Beginning with the opening of Hoosier Park on July 30, 2010, purses for most Indiana bred restricted races will rise substantially.   At its July 13, 2010 public meeting, the racing commission approved a quality of racing initiative which will result in Indiana bred thoroughbred purses being equal to their open race counterpart.  For example, […]

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WAGERING DECLINES CONTINUE IN JUNE; PURSES DOWN SLIGHTLY

(The following information was provided by Equibase and the National Thoroughbred Racing Association) Thoroughbred Racing Economic Indicators For June 2010   June 2010 vs. June 2009 Indicator June 2010 June 2009 % Change Wagering on U.S. […]

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NJ GOV STRIKES DEAL TO INCREASE PURSES AT MONMOUTH

Recently elected Governor Chris Christie of New Jersey has put together a solution that will increase Monmouth’s purses to an average of $1 million a day while cutting weekly race dates from five to three. “Only weeks ago, we were wondering if the end of horse racing in New Jersey was upon us,” said […]

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JAPANE$E JACKPOT

By Ray Paulick One or two million dollars just doesn’t get you what it used to. Was it that long ago that felonious financier Robert Brennan shook up racing’s Triple Crown with a $2-million bonus linking victories in three stakes at the now-defunct Garden State Park in New Jersey with a win in the Kentucky […]

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CALENDAR QUIRK ADDS TO MARCH U.S. WAGERING DECLINES

By Ray PaulickWagering on U.S. races fell by nearly 14% in March, in comparison to the same month in 2008, as the slowdown in the economy and problems in the racing industry continue to negatively impact the economic indicators of the business. The numbers for March may look worse than they actually are because of […]

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