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 the year should be redistributed in the form of incentives to partially compensate for the decrease applied from May 11. The expected amount of excess funding is supposed to be greater than €8 million, but France Galop and the PMU are still confirming the amount. The prize money that will be available for each race will increase exactly the same amount in any race, with premiums to owners and breeders also increased. The annual closing of the professional accounts is scheduled for Jan. 12 and then France Galop must proceed to invalidate more than 3200 races before recalculating the allowance and bonuses on all of the affected events. This revaluation of all race winnings will replace the annual revaluation of the owner premium. For more information, please visit www.france-galop.com.

The post France Galop to Redistribute Purses for Some 2020 Races appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Thanks To Strong Handle, Fair Grounds Will Increase Purses Another 10 Percent

For the second time in the young 2020-21 meet, Fair Grounds Race Course & Slots has announced a 10 percent purse increase across the board. Much like the first, the boost was inspired by strong simulcast handle during the first seven weeks of the 149th racing season, which includes solid bettor response to the newly implemented traditional early and late Pick 5 wagers.

“Despite losing multiple days of turf racing, handle has remained quite strong,” Fair Grounds' racing secretary Scott Jones said. “Condition book four will be released the beginning of next week, and we're happy to be in a position to raise purses for a second time. We'd once again like to thank the owners, trainers and fans who have been supporting our day-to-day racing product.”

As a result of the increase, which will go into effect for condition book #4 (which starts Feb. 3, 2021), purses on allowance races will be bumped up $5,000, the mid-level races will be boosted by $3,000, while all other races will receive a $2,000 hike. Maiden special weight races will now be worth $55,000. The purse increase includes both open races and Louisiana-bred races.

Entries for the Wednesday, Feb. 3 card will be drawn one week earlier on Wednesday, Jan. 27, 2021.

The post Thanks To Strong Handle, Fair Grounds Will Increase Purses Another 10 Percent appeared first on Horse Racing News | Paulick Report.

Source of original post

Fan Restriction Forces Oaklawn To Cut Overnight Purses 15 Percent

After Wednesday's announcement that Oaklawn Park will allow a limited number of fans at the 2021 race meet, track president Louis Cella told the Daily Racing Form that overnight purses will be decreased by approximately 15 percent.

“Because we had to restrict our fans, that part of the formula is reduced,” Cella told DRF. “Instead of $700,000 (per day), we'll be at about $600,000. That's still the highest in the nation. No one's close to that.”

Oaklawn's first condition book is being reprinted to reflect the purse changes, but stakes purses won't be changed.

Cella said he hopes wagering numbers from off-track patrons will allow Oaklawn to boost purses early in the meet.

Read more at the Daily Racing Form.

The post Fan Restriction Forces Oaklawn To Cut Overnight Purses 15 Percent appeared first on Horse Racing News | Paulick Report.

Source of original post

Canterbury’s 2021 Race Dates Approved; Purses Projected To Increase 35 Percent

Canterbury Park's request for a 65-day 2021 Thoroughbred and Quarter Horse racing season, May 18 through Sept. 16, was unanimously approved on Thursday by the Minnesota Racing Commission.

The Shakopee, Minn. track will conduct a Sunday, Tuesday, Wednesday, Thursday race schedule with racing also held on Memorial Day and Labor Day. as well as Saturday, July 3.

Purses are anticipated to be approximately $14 million, $220,000 per day, a projected increase of more than 35 percent in total and 12 percent per day as compared to 2020. A 2012 cooperative marketing and purse enhancement agreement reached with the Shakopee Mdewakanton Sioux Community, owners and operators of nearby Mystic Lake Casino Hotel, will supplement purses by $7.28 million. The agreement extends through 2022 with more than $80 million going toward purse supplements and joint marketing of the two properties.

Post time on Sundays and holidays will be 1:00 p.m. while weekday racing on Tuesday, Wednesday and Thursday racing will begin at 5:00 p.m. On July 3, racing will begin at 4:00 p.m. The 2021 Thoroughbred and Quarter Horse stakes schedules are expected to be announced in January with stall applications and the first condition book available shortly thereafter.

Canterbury Park's 24/7 card casino and simulcast racebook remain temporarily closed due to Executive Order 20-103 issued by Gov. Tim Walz to slow the spread of COVID-19. Visit www.canterburypark.com for more information.

The post Canterbury’s 2021 Race Dates Approved; Purses Projected To Increase 35 Percent appeared first on Horse Racing News | Paulick Report.

Source of original post

Verified by MonsterInsights