purse structure

Wagering on U.S. races, available and paid purses and the average field size, all saw increases to varying degrees, while the number of races declined during the month of March, according to information released by Equibase on Friday. Total wagering of over $972 million on races during the month represented a 0.99% increase over the same period from 2022, while available purses of $102.8 million were up by 8.41%. The figure of over $98 million for paid purses in March was up 7.55%. However, the total number of race days...

Beginning on Jan. 1, 2026, New York-bred overnight races for 2-year-olds on the NYRA circuit will offer purse amounts matching the race's open-company counterpart, which will directly benefit the state's 2024 foal crop and pave the way to compete for some of the richest purses of any state-bred program in the nation, the association said in a release Wednesday. At the 2023 summer meet at Saratoga Race Course, maiden races restricted to New York-bred 2-year-olds featured a purse of $88,000 compared to a purse of $105,000 offered for 2-year-olds competing...