Here is more evidence that Churchill Down's Historical Racing Machines (slots) are infusing money into horse racing in Kentucky. Increased purses attract horsemen who then are more apt to stable their horses at Churchill Downs which has economic impacts on the city.
Unfortunately our Governor will probably just shrug this off as a drop in the bucket, just like he has responded when asked about allowing for sports gaming or casino gaming to be allowed in Kentucky.
Historical Racing Machines Supercharge Churchill Downs Spring Meet Purses
SPONSORED BY:
by Press Release | 02.28.2019 | 10:26am
Churchill Downs in Louisville, Ky.
Record prize money for horsemen will be distributed at Churchill Downs' 145th Spring Meet thanks to early returns from state-of-the-art historical racing machines at Derby City Gaming.
The first condition book, which covers the first half of the 38-day Spring Meet at the Louisville, Ky., track, was released Wednesday, and purses for the 189 offered races total $20.1 million – an unprecedented 46 percent increase from last spring's $13.7 million. The daily average is $1,056,842 compared to $722,579 in 2018, or $106,243 per race versus $72,640. All purses include prize money from the Kentucky Thoroughbred Development Fund.
Purses for all six days of racing on Derby Week (April 27-May 4) have been supercharged. In years past, only the purses on Oaks and Derby days were boosted. Maiden special weight races will be $100,000. Allowance races will range from $103,000 to $110,000. Total purses on Oaks Day will exceed $3.6 million, and Derby Day prize money will be worth a record $6.9 million.
After Derby Week, maiden special weight races will be worth $85,000 (up from $53,000 in 2018), and allowance races will range from $87,000 to $94,000 (up from $55,000 to $61,000 in 2018). The daily prize money post-Derby Week will average $525,308 compared to $356,769 in 2018, or $55,975 per race versus $38,016 a year ago.
In a change from last year, the winner's share of the purse in all overnight races will be 56 percent (previously 60 percent) and 1.5 percent of the purse will be distributed to the sixth- through last-place finishers (previously 0.5 percent) to incentivize starts and reward owners who run their horses.
More than $30 million in total prize money – $12 million in stakes races and another $18 million in overnight races – is expected to be offered during this year's Spring Meet. Last year, total purses paid during the 372-race Spring Meet was $22.2 million.
“This is such an exciting time to be a part of Kentucky racing,” said Churchill Downs Racetrack President Kevin Flanery. “Our investment into Derby City Gaming, which opened just five months ago, continues to pay immediate dividends to Kentucky horsemen. We have reinforced our Derby Week festival concept, solidified our lucrative stakes program and tremendously strengthened our overnight racing product. We truly believe this growth and methodology will benefit all owners, trainers and jockeys that participate at Churchill Downs and make for an extremely exciting and competitive meet.”
With 75 total racing dates in 2019, Churchill Downs will offer more racing opportunities for horsemen than any other racetrack in Kentucky and increase its purses with more than an additional $10 million as a result of handle generated by Derby City Gaming's initial year of operation. The $65-million facility opened in mid-September at nearby 4520 Poplar Level Road.
Earlier this year, Churchill Downs announced a record 34-race, $12.2 million Spring Meet stakes schedule that included a $1-million boost to the 145th running of the Kentucky Derby presented by Woodford Reserve (Grade 1) on Saturday, May 4, making it worth a guaranteed $3 million. Also among the 15 stakes races that received significant increases were the Longines Kentucky Oaks (G1), which was raised to $1.25 million, and the Old Forester Turf Classic (G1), which was doubled to $1 million.
Stall applications for the highly-anticipated Spring Meet, which will begin Saturday, April 27, and continue through Saturday, June 29, are due Friday, March 8. The stable area will reopen Tuesday, March 19 and the first scheduled day of training is Friday, March 22.
https://www.paulickreport.com/news/...ercharges-churchill-downs-spring-meet-purses/
Unfortunately our Governor will probably just shrug this off as a drop in the bucket, just like he has responded when asked about allowing for sports gaming or casino gaming to be allowed in Kentucky.
Historical Racing Machines Supercharge Churchill Downs Spring Meet Purses
SPONSORED BY:
by Press Release | 02.28.2019 | 10:26am
Churchill Downs in Louisville, Ky.
Record prize money for horsemen will be distributed at Churchill Downs' 145th Spring Meet thanks to early returns from state-of-the-art historical racing machines at Derby City Gaming.
The first condition book, which covers the first half of the 38-day Spring Meet at the Louisville, Ky., track, was released Wednesday, and purses for the 189 offered races total $20.1 million – an unprecedented 46 percent increase from last spring's $13.7 million. The daily average is $1,056,842 compared to $722,579 in 2018, or $106,243 per race versus $72,640. All purses include prize money from the Kentucky Thoroughbred Development Fund.
Purses for all six days of racing on Derby Week (April 27-May 4) have been supercharged. In years past, only the purses on Oaks and Derby days were boosted. Maiden special weight races will be $100,000. Allowance races will range from $103,000 to $110,000. Total purses on Oaks Day will exceed $3.6 million, and Derby Day prize money will be worth a record $6.9 million.
After Derby Week, maiden special weight races will be worth $85,000 (up from $53,000 in 2018), and allowance races will range from $87,000 to $94,000 (up from $55,000 to $61,000 in 2018). The daily prize money post-Derby Week will average $525,308 compared to $356,769 in 2018, or $55,975 per race versus $38,016 a year ago.
In a change from last year, the winner's share of the purse in all overnight races will be 56 percent (previously 60 percent) and 1.5 percent of the purse will be distributed to the sixth- through last-place finishers (previously 0.5 percent) to incentivize starts and reward owners who run their horses.
More than $30 million in total prize money – $12 million in stakes races and another $18 million in overnight races – is expected to be offered during this year's Spring Meet. Last year, total purses paid during the 372-race Spring Meet was $22.2 million.
“This is such an exciting time to be a part of Kentucky racing,” said Churchill Downs Racetrack President Kevin Flanery. “Our investment into Derby City Gaming, which opened just five months ago, continues to pay immediate dividends to Kentucky horsemen. We have reinforced our Derby Week festival concept, solidified our lucrative stakes program and tremendously strengthened our overnight racing product. We truly believe this growth and methodology will benefit all owners, trainers and jockeys that participate at Churchill Downs and make for an extremely exciting and competitive meet.”
With 75 total racing dates in 2019, Churchill Downs will offer more racing opportunities for horsemen than any other racetrack in Kentucky and increase its purses with more than an additional $10 million as a result of handle generated by Derby City Gaming's initial year of operation. The $65-million facility opened in mid-September at nearby 4520 Poplar Level Road.
Earlier this year, Churchill Downs announced a record 34-race, $12.2 million Spring Meet stakes schedule that included a $1-million boost to the 145th running of the Kentucky Derby presented by Woodford Reserve (Grade 1) on Saturday, May 4, making it worth a guaranteed $3 million. Also among the 15 stakes races that received significant increases were the Longines Kentucky Oaks (G1), which was raised to $1.25 million, and the Old Forester Turf Classic (G1), which was doubled to $1 million.
Stall applications for the highly-anticipated Spring Meet, which will begin Saturday, April 27, and continue through Saturday, June 29, are due Friday, March 8. The stable area will reopen Tuesday, March 19 and the first scheduled day of training is Friday, March 22.
https://www.paulickreport.com/news/...ercharges-churchill-downs-spring-meet-purses/
