Purses Increase Again at the Fair Grounds

Fair Grounds Hikes Purses Another 5 Percent

Updated: Saturday, February 5, 2011 4:30 PM
Posted: Saturday, February 5, 2011 2:46 PM
 
Fair Grounds Race Course & Slots announced its second purse increase of the season Feb. 5, boosting overnight purses 5% while also increasing the prize money for three Louisiana Derby Day stakes.
 
The grade II New Orleans Handicap was bumped from the $300,000 to $400,000; the grade II Mervin H. Muniz Memorial Handicap goes from $300,000 to $350,000; and the Duncan F. Kenner Stakes is now $150,000, up from $100,000.
 
“We are pleased with the current performance of our racing, gaming and video poker businesses,” track vice president and general manager Eric Halstrom said. “Revenue from all three contributes to a lucrative purse structure that attracts top stables from around the continent. We thank all of our fans from coast to coast for choosing to wager with Fair Grounds.”
  
The overnight purse increase will go into effect beginning Feb. 10. Fair Grounds also boosted purses 5% on Jan. 6.
 
The March 26 Louisiana Derby Day program will be the richest day of Thoroughbred racing in Louisiana history, with six stakes now worth $2.4 million, highlighted by the first $1 million race ever run in New Orleans, the Louisiana Derby (gr. II).
 
End
 
That’s what Slots and Further Gaming does for Horse Racing Tracks. Not only that but a Racino brings the State in a hell of a lot more Revenue.
 
Will Michigan ever comprehend this fact? That BOTH Horse Racing and the State Wins.
 

STATES WITH RACETRACK CASINOS

Delaware
Florida
Indiana
Iowa
Louisiana
Maine
New Mexico
New York
Oklahoma
Pennsylvania
Rhode Island
West Virginia

2009 Racetrack Casino Tax Revenue

Delaware   $227.55 million
Florida   $108.37 million
Indiana   $115.27 million
Iowa   $101.13 million
Louisiana   $74.29 million
Maine   $29.08 million
New Mexico   $63.42 million
New York   $455.48 million
Oklahoma   $13.78 million
Pennsylvania   $742.69 million
Rhode Island   $292.09 million
West Virginia   $408.37 million

TOTAL   $2.63 billion

Source: State Gaming Regulatory Agencies (5/10)

~

Are you telling me that Michigan couldn’t use this kind of money Governor Snyder?

You could of fooled me.

Michigan needs Thoroughbred racing. Let the tradition continue.

 

  

 

Contact Governor Snyder: http://www.governorelectricksnyder.com/contact-us

Contact your Representative: http://house.michigan.gov/find_a_rep.asp

Contact your Senator: http://senate.michigan.gov/SenatorInfo/find-your-senator.htm

 

And tell them Michigan DOES NEED this kind of money. Save the Horse Racing Industry and Help the State at the same time.

~Gov. Rick Snyder’s inaugural speech. “and not leave some behind” Does this include The Michigan Horse Racing Industry?

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Filed under Governor Snyder, Horse Racing, Michigan Governor Rick Snyder, Michigan Horse Racing, Michigan Thoroughbred Horse Racing, Pinnacle Race Course, Politics, Racinos

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