Purses

DRF study: Slots tracks drive far less handle

A new compliation of statistics by the Daily Racing Form finds that racetracks subsidized by slots generate only two-fifths of the wagering handle churned by non-subsidized tracks, even though average daily purses for each group are nearly equal. The DRF points out that only a few tracks with slots – like Gulfstream, Oaklawn and Fair […]

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Purse prospects lure McPeek to New York full-time

Trainer Kenny McPeek has decided to stable full-time at Belmont Park starting this fall, marking a departure from his usual routine.  McPeek tells the Blood-Horse the draw is the promise of higher purses due to expected casino revenues: “Thanks to the VLTs going into Aqueduct and the uncertain state of racing in Kentucky beyond Keeneland […]

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Suffolk Downs shifts from three-day to four-day weeks

Suffolk Downs will expand from a three-day racing week to a four-day week beginning Monday.  Live racing will be conducted on a Monday-Tuesday-Wednesday-Saturday schedule. The Massachusetts State Racing Commission has approved the addition of Tuesdays to Suffolk’s racing slate.  The number of Tuesdays will depend on a bill that would reduce the number of required […]

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Monmouth Purses Down 40%

The grand experiment seems to be over. After a successful 2010 meet, the realities of losing Atlantic City subsidies will sink in at Monmouth Park as purses will be down at least 40% this summer. Maiden special weight purses will go from $75,000 to $45,000 and entry-level allowance races will sink from $80,000 to $50,000 […]

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Penn National announces record stakes schedule

Hollywood Casino at Penn National Race Course has announced its 2011 stakes schedule. It features a record 21 races with increased purses, bringing the total purse amount for the meet to just under $2 million.  The calendar includes 12 open stakes and nine Pennsylvania-bred restricted races. The meet kicks off Friday night, May 27.  

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Wagering down, purses higher in February

Purses at U.S. racetracks rose more than nine percent in February compared to the same month last year.  But betting handle dropped another 5.5 percent to $821.8 million in February. For the first two months of the year, wagering is down 7.66 percent.  Purses are up 4.85 percent, thanks in large part to higher purses […]

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Santa Anita Prez: Purses won’t be cut despite lower handle

Santa Anita Park president George Haines said purses will not be reduced despite a 7.9% decline in all sources daily average handle for the first half of the winter-spring meeting at the Arcadia, Calif., track. Haines cited relatively strong on-track business – daily average attendance is up by 7% and average on-track handle is down […]

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Tampa Bay Downs announces purse increase

Press Release As a result of an overall handle increase of 5% as well as the most successful Festival Preview Day Presented by Lambholm South to date, Tampa Bay Downs is pleased to announce that there will be a purse increase for the remainder of the 2010-2011 racing season effective on Friday February 18. An […]

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January Over January Purses Up, Wagering Down

Wagering in the U.S. was down in January compared to January of 2010 by 9.71% while purses were up by a razor-thin margin of 0.78%. Total race days were down 4.62%.

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Hastings Racecourse to increase purses by double digits

Hastings Racecourse in British Columbia, Canada has announced its new stakes schedule and has increased its purse schedule for the year 2011. Running from April 16 – Oct. 2, the Canadian racetrack will feature a 41-stakes schedule with purses totaling $2.57 million.

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