purses

Record Purses for 2022 Colonial Downs Meet

Colonial Downs will offer a record of more than $600,000 in daily average purses and an expanded stakes schedule for the upcoming 2022 meet, starting July 11. The meet has six extra race days this year. The stakes schedule is highlighted by the $300,000 GIII Virginia Derby and $200,000 Virginia Oaks Sept. 6. Maiden special weight races during the meeting will carry a $60,000 purse. As a bonus, once again, all owners will be guaranteed $1,000 per start or their share of the purse money, and all trainers will receive...

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Purses Up For April

Purses are up 15.17% for April 2022 at $103,144,902 compared to $89,560,470 in April 2021. Race days, races and starts have also increased with 14 more race days this April than last year at this time. Meanwhile, wagering is down 2.06% from in April 2021 $1,102,169,529 to $1,079,452,871 in April 2022. Average wagering per race day has also decreased 6.74% from $3,950,428 to $3,684,139. However, wagering is up .19% for the year.

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Wagering Down in March, Narrowly Up for First Quarter

Betting on U.S. Thoroughbred races dropped slightly in March compared to the month's total in 2021, while remaining narrowly ahead through 2022's first three months compared to its pace from the first quarter of 2021, according to Equibase's report of economic indicators released Tuesday. Overall, $942,589,741 was wagered in March, a 2.37% decline from $965,453,678 in March of 2021. The number of race days conducted was nearly identical, with 291 being run this March compared to 292 last year, making the average wagering per race day $3,239,140, down 2.03% from...

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Mahoning Valley Raises Purses 10%

Mahoning Valley Race Course raised purses 10%, effective Dec. 21. This is the second increase of the year. "We have had a good year here at Mahoning Valley, setting several handle records along the way," comments Elizabeth Rogers, Assistant Director of Racing, "the timing of this increase will help us set the stage for an even better 2022."

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Handle Up Again, Purses Way Up in November

Betting on U.S. Thoroughbred races was up again year over year in November 2021, while the industry saw a major spike in purses for the month, according to figures released by Equibase Monday. The numbers continue the positive economic trends the sport has seen this year as it slowly emerges from the toll taken by the pandemic. A total of $961,813,331 was wagered on U.S. races in November, up 7.4% from the November 2020 figure of $895,546,532. The November 2021 number is more flat when compared with November 2019, when...

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Wagering and Purses Up Despite Fewer Races in October 2021

Equibase has released the economic indicators for the month of October and year-to-date, as well as the same statistics for October of 2020 and January through October of 2020 for comparison. THOROUGHBRED RACING ECONOMIC INDICATORS FOR OCTOBER 2021 Indicator                           Oct. 2021            Oct. 2020            % Change Wagering/U.S. Races             $950,624,087     $929,063,211           +2.32% U.S. Purses                       $107,844,038      $90,904,717            +18.63% U.S. Race Days                328                        340                           -3.53% U.S. Races                        2,748                    2,852                        -3.65% U.S. Starts                         20,750                  22,410                       -7.41% Avg. Field Size                 7.55                       7.86                           -3.90% Avg. Wagering/Day       $2,898,244          $2,732,539               +6.06% Avg. Purses/Day            $328,793              $267,367                  +22.97%   YTD 2021...

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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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