Churchill Downs will increase its overnight purses by 10% effective Thursday, May 31, the track announced Tuesday. Citing record wagering on races during the week of the GI Kentucky Derby and GI Longines Kentucky Oaks and an overall strong start to the spring meet, Churchill is slated to increase purses over the final 19 days of the 38-day spring meet, which concludes June 30.
Total overnight purses offered for the meet are projected to be $13.1 million, up from the original forecast of $12.4 million. The daily average purse distribution, not including stakes money or Kentucky Thoroughbred Development Fund (KTDF), will be $344,337 per day. That number grows to $601,456 when stakes and KTDF money is included.
“Despite historic rainfall on Kentucky Derby Day, fans wagered at record levels on races presented throughout Derby Week at Churchill Downs, and it’s exciting that owners, trainers, jockeys and breeders who compete in our races will benefit from those increased business levels,” said Kevin Flanery, President of Churchill Downs Racetrack.