purses

Turfway MSW Purses Could Nearly Double to $60,000

Turfway Park executives are projecting purses for maiden special weight (MSW) races to nearly double to about $60,000 for the upcoming dual meets that will be run December through March. Last season, Turfway paid out just $32,000 for MSW races while conducting meets heavily compromised by both the COVID-19 pandemic and a massive grandstand rebuild that kept the northern Kentucky oval closed to on-track spectators. Turfway's 2021-22 MSW purse projection was disclosed Tuesday during a Kentucky Thoroughbred Development Fund (KTDF) advisory board meeting by Tyler Picklesimer, the track's director of...

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Wagering in 2021 Remains Robust

According to figures released Tuesday by Equibase, through the first three-quarters of 2021 wagering on U.S. horse racing is up 13.8% over 2020 totals. At the end of September, $9,498,141,414 had been wagered on the sport, a sizeable increase over the comparable figure of 2020 when $8,346,543,422 had been bet. With a strong final quarter, the amount bet on U.S. racing for the year could top $12 billion. That would be the most bet during a year since $11.4 billion was wagered in 2010. The record for most wagered in...

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Arapahoe Increases Purses

With three weeks remaining in the 2021 horse racing season at Arapahoe Park, racetrack management increased all overnight purses by 2,000. In addition, the purse for the Gold Rush Futurity will see its purse increased from $35,000 to $100,000. The Butch Gleason Classic for older horses will now be a $50,000 race, up from $20,000.

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Wagering Essentially Flat, Purses Up in July

Wagering essentially stayed the same in July compared to the same month from 2020 while still showing marked improvement over corresponding 2019 numbers, according to the latest economic indicators released by Equibase. Purses continued to rise over last year's pandemic-affected levels and eclipsed 2019 numbers for July. Overall, $1,101,617,446 was wagered on U.S. races in July 2021, compared to $1,098,021,143 in 2020, a slight uptick of 0.33%. In July of 2019, $942,243,633 was wagered, making last month's numbers a 16.91% increase over that figure. With the number of race days...

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Record Overnight Purses at Belmont Spring/Summer Meet

The upcoming 48-day spring/summer meeting at Belmont Park in Elmont, New York, will offer the richest overnight purse structure in the history of the New York Racing Association, the organization said Thursday. Open-company maiden allowance races will feature purse money of $90,000, while first-, second- and third-level allowance races will be worth $92,000, $94,000 and $96,000, respectively. New York maiden special weight races will carry prize money of $75,000, while horses bred in the Empire State will benefit from an $85,000 purse for non-winners of two/ $45,000 claiming and an...

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France Galop to Redistribute Purses for Some 2020 Races

All races in France since May 11, 2020 which carried a reduced purse due to the COVID-19 pandemic will receive part of their original prizemoney back in the second half of January, France Galop announced on Monday. At the end of 2020, France Galop's funding budget was €185 million instead of €248 million, a 25% decrease due to the two-month period racing ceased in France during the first French lockdown. In August, the France Galop Board of Directors determined that a positive funding result-if there was one--at the end of...

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With Derby Moved to September, A Good Month for Handle

According to Equibase figures, total wagering on U.S. races in September was $1,039,737,336, a 29.64% increase over 2019 numbers. The handle for the GI Kentucky Derby day card at Churchill Downs fell dramatically this year. A total of $128.3 million was bet on the 14 races. In 2019, $250.9 million was wagered on the card. Nonetheless, the $128.3 million was the most bet on any racing program this year and was a major factor in the overall increase for September. With the increase in numbers during September, total handle for...

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Arizona Horsemen Secure Some Disputed Purse Funds

At the six-month mark of the shutdown of live racing in Arizona that is the result of both the pandemic and a prolonged fight over off-track betting (OTB) privileges, the Arizona Horsemen's Benevolent and Protective Association (AZHBPA) has reportedly secured some of the disputed money from the horsemen's account that had been controlled by Turf Paradise and placed it into a trust to pay purses if and when racing resumes elsewhere. This news was shared in the form of a widely circulated email that made the rounds on social media...

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Thoroughbred Racing Economic Indicators for August Announced

Editor's Note: As a service to the industry and in consideration of the economic changes due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its Economic Indicators Advisories. The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year. * Includes worldwide commingled wagering on U.S. races. August 2020 vs. August 2019 Indicator                                              August 2020 ...

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QIPCO Announces British Champions Day Prize Money

Total prize money for the 10th QIPCO British Champions Day on Oct. 17 was cut to £2.5 million, QIPCO announced on Thursday. The purse reduction is a result of the coronavirus pandemic, but the raceday remains the richest in Great Britain. The G1 QIPCO Champion S. will be run for £750,000, while the G1 Queen Elizabeth II S. sponsored by QIPCO will be £650,000. Both the G1 QIPCO British Champions Fillies & Mares and the G1 QIPCO British Champions Sprint S. will be conducted at £350,000 and the G2 QIPCO...

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MSW Purses: $97K Derby Week, $75K Rest of Churchill Meet; $70K at Keeneland

Projected autumn purse levels for maiden special weight races on the Kentucky circuit were revealed during a video meeting of the Kentucky Thoroughbred Development Fund (KTDF) advisory committee on Tuesday. Ben Huffman, director of racing at Churchill Downs, said, "We're going to have two [MSW] purses. We're going to supercharge [GI Kentucky] Derby week, like we've been doing. And that maiden purse Derby week is going to be $97,000. The remaining nine days are going to be $75,000." Churchill had closed out its spring/summer season at the $79,000 level for...

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Overnight Purse Increase at Louisiana Downs

Officials at Harrahs Louisiana Downs in Bossier City, LA, have announced an across-the-board purse increase of $1,500 per race beginning Saturday, Aug. 8 and continuing through the end of the meet Wednesday, Sept. 23. "We thank our local horsemen for their support since the live racing season began on June 6," said David Heitzmann, director of racing at Harrah's Louisiana Downs. "This has been a very challenging year due to COVID-19, so we are pleased to reward these hard working men and women with a purse increase of $1,500 across...

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