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Wagering Up 4.3% at Kentucky Downs

Edited Press Release

The key indicators to measure the success of a race meet were either up or maintained a lofty level at the FanDuel Meet at Kentucky Downs, which came to a close Wednesday.

Purses paid out to horse owners were a record for the 12th straight year. Money wagered was another record, increasing 4.3%. Field sizes remained among the highest in the country with an average of 10.42 starters per race.

“Kentucky Downs' ownership led by Ron Winchell and Marc Falcone continually pushes us to present racing in a different way, to look for ways to innovate and improve,” said Ted Nicholson, Kentucky Downs' Vice President for Racing. “We put a premium on creating a memorable experience for our guests, horsemen and our sponsors. Horse owners put on the show. We want to show our recognition and appreciation for that with our hospitality.”

All-sources wagering on the meet totaled $83,640,261, up from $80,175,928 last year. A total of $25,065,000 was offered in purses for 76 races, including $10,523,750 in purse supplements from the Kentucky Thoroughbred Development Fund. Of the 11 stakes offering $1 million or more in purses, 10 were won by Kentucky-breds.

Total purses paid out this meet is still being verified but is certain to top last year's $17,863,177 for 73 races. Seventy-two different ownership entities won races.

Damon Thayer, Kentucky's Senate Majority Floor Leader, has seen up close the transformation of Kentucky Downs.

“Yes, the financial success is there with the handle being up,” said Thayer, who attended five of the meet's seven days. “But it also has a cool vibe factor going for it. I also think the prestige of the meet is starting to get baked in across North America. It used to be kind of a quirky, novelty track, and there were some people who wouldn't run here. Now everybody is coming. All the jockeys are here, all the trainers, the big outfits. It exemplifies what's going right with Kentucky racing.”

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Fall MSW Purses At Churchill ($120k), Keeneland ($100k) To Be Level With ’22 Money

Both Churchill Downs ($120,000) and Keeneland Race Course ($100,000) are projecting maiden special weight (MSW) purses this autumn to be level with the money paid out at the same meets in 2022.

Those figures were revealed by representatives of the two tracks Thursday during a meeting of the Kentucky Thoroughbred Development Fund (KTDF) advisory committee.

The Churchill MSW purses for this year's two fall meets (Sep. 14-Oct. 1 and Oct. 29-Nov. 26) have been unchanged since 2020.

In 2020, Churchill offered split MSW purse values in September-$97,000 during the pandemic-rescheduled GI Kentucky Derby week, then $75,000 for the balance of that month. In November 2020, Churchill's MSW races were $85,000.

Keeneland's fall meet this year spans Oct. 6-28. The MSW races there were worth $84,000 back in 2021. In 2020 they were $70,000 after the track lost the entire April meet to COVID-19 and instead ran during July.

The KTDF is funded by three-quarters of 1% of all money wagered on both live Thoroughbred races and historical horse race (HHR) gaming, plus 2% of all money wagered on Thoroughbred races via inter-track wagering and whole-card simulcasting.

The KTDF advisory committee approved the recommendation of the fall meet allotment requests that the Churchill and Keeneland MSW purse estimates were based on. The full Kentucky Horse Racing Commission still has to vote on final approval of that funding.

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Major Thoroughbred Economic Metrics Down in July

Wagering on U.S. races, available and paid purses and the total number of races days each saw declines to varying degrees during the month of July, according to information released by Equibase Sunday.

Total wagering of $1.067 billion on races during the month represented a 6.68% decrease on the corresponding figure from 2022, while available purses of $123.3 million was off by just over 1% year over year. Paid purses of $117.6 million was down 2.48%, while the total number of race days dropped from 453 to 423 (6.62%). Average field size in July came in at just over seven runners per race, up 1.6% on 2022, while average daily wagering was virtually static at $2,524,087. Average available purses per race day rached $291,567, an improvement of 9.56% from last July.

For the first seven months of 2023, wagering on U.S. races declined 3.57% to $7.142 billion, while the available and paid purse money increased by 1.22% and 0.92%, respectively. Average daily wagering of $3.1 million is fractionally ahead of last year and average available purses per race day increased by 9.53% to $316,169.

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MSW Projections: Ellis $70,000, Kentucky Downs $150,000

Purse levels for maiden special weight (MSW) races on the Kentucky circuit have been projected for the summer meets at Ellis Park ($70,000 through 24 dates in July and August) and Kentucky Downs ($150,000 for seven days in September).

Those figures were disclosed by representatives of those tracks Wednesday during a meeting of the Kentucky Thoroughbred Development Fund (KTDF) advisory committee.

The projected Ellis MSW purses will be a boost from the $60,000 offered in 2022.

Kentucky Downs will remain year-over-year level at $150,000 after last bumping up MSW purses from $135,000 in 2021.

Ellis will be running its first meet under the ownership of the gaming company Churchill Downs, Inc. (CDI), which last September announced a $79-million buy of Kentucky's only Thoroughbred venue in the western part of the state.

Ellis executives said changes for 2023 will include an attempt to run nine races daily instead of eight.

The Ellis racing secretary, Dan Bork, said the stakes program will also be importing the GIII Pucker Up S., which had formerly been run at Arlington International Racecourse until CDI shuttered the historic Chicago track in 2021.

In 2022, the Pucker Up was initially scheduled to be run as part of the GI Arlington Million undercard at Churchill Downs. But the nine-furlong turf race for 3-year-old fillies was one of two races scrapped in an effort to preserve Churchill's slow-to-grow, new $10-million grass course.

Bork said moving the race to Ellis will come with a purse increase to $300,000 from last year's scheduled $200,000, and will place that stakes as the centerpiece of a two-day, seven-stakes turf weekend Aug. 5-6. The remaining six grass stakes will all have purses of at least $200,000.

As far as facility improvements, Jeff Inman, the Ellis general manager, said there is a lot of work going into the “water and drainage situation” that has long been a problem at Ellis.

“Churchill is taking some major steps to come up with a whole solution as opposed to the piecemeal ones that we have done in the past,” Inman said.

Inman also noted that “continued construction work on the grandstands” will start Apr. 6. “We are currently working on our entryway canopy to make a more pleasing entrance.”

CDI will be rebranding the Ellis simulcast presentation to standardize the signal with other tracks in its corporate portfolio, including transferring on-air talent from Churchill Downs to Ellis.

A new video board will be installed in the Ellis infield.

Kentucky Downs will race seven days again in 2023 after going from six dates to seven in 2022.

Ted Nicholson, the senior vice president and general manager at Kentucky Downs, said to expect the standard 10 or 11 races on weekdays, and 11 or 12 on weekends.

Nicholson said the hotel on the property will finally be open for the first time during a race meet.

Nicholson said Kentucky Downs “had tornado damage on a couple barns, so we're in the process of shoring those up.”

A new horsemen's “perch” is being built for 2023. Nicholson said it will be located between the paddock and the stewards' stand, with the weighing-in scale for riders being moved elsewhere to fit in the two-story, 25-by-25-foot viewing stand.

“It will allow for horsemen to go up and watch the race and get a better bird's-eye view of it than what they've been getting,” Nicholson said.

The KTDF advisory committee approved the recommendation of allotment requests that the Ellis and Kentucky Downs purse estimates were based on, but the full Kentucky Horse Racing Commission still has to vote on final approval of the funding.

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