purses

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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After Blown Purse Contract Deadline, Horsemen Claim Arlington Officials Won’t Meet

Barely 18 hours after a state-mandated Dec. 31 deadline elapsed for having a purse contract in place, the Illinois Thoroughbred Horsemen's Association (ITHA) lashed out at Arlington International Racecourse and its publicly traded ownership, Churchill Downs, Inc. (CDI), claiming that the gaming company "deceived Illinois" and is now "threatening the future of live racing at Arlington by refusing to commit" to funding adequate purses for the 2020 meet. The ITHA's allegations were listed in a point-by-point press release sent to news organizations late on New Year's Day, and the top...

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