Oaklawn Park Increases Purses for the third time this year. But then Arkansas Gave Oaklawn Further Gaming in 2006 making this Race Track a RACINO.

Oaklawn Boosts Purses for Third Time

 

Updated: Wednesday, March 16, 2011 1:29 PM
Posted: Wednesday, March 16, 2011 1:21 PM

Positive business trends, highlighted by large crowds, have led Oaklawn Park to announce its third purse increase of the meet effective Thursday, March 17.

Claiming races will be increased by $300 and all other overnight purses will be increased by $1,000. Oaklawn began the season with a minimum purse of $15,200 and after the third increase that minimum is now $16,500. The purses for maiden special weight races have increased from $36,000 to $41,000.

In addition, Oaklawn Park is adding two stakes races to the schedule and increasing the purses of three other stakes races, all to be held during the Racing Festival of the South April 9–16. Wednesday, April 13, the day added to the schedule after the weather related cancellations, will now feature a yet to be named $100,000 stakes for fillies and mares going 1 1/16 miles and as a supporting feature to the $500,000 Apple Blossom Handicap (gr. I) April 15, the $75,000 Bachelor Stakes for 3-year-olds going six furlongs last run in 2008.

The mainstays to the Racing Festival of the South receiving increases are the April 14 Count Fleet Sprint Handicap (gr. III), which will go from $150,000 to $200,000 and the two supporting stakes on the April 16 Arkansas Derby Day card—the Northern Spur Stakes and the Instant Racing Stakes, which both get bumped by $25,000 to $100,000.

“We may have gotten off to a rough start with the weather, but since then, we have had tremendous support from our horsemen, but especially our fans,” said assistant general manager of racing David Longinotti.

Arkansas

This state’s two racinos experienced a sharp rise (up 58%) in revenue in 2010 stemming from the addition of video ‘games of skill,’ into the mix of instant-racing devices.

Indiana

Indiana’s ten casinos, two racinos (slots only) and the French Lick resort, experienced a relatively stabilized gaming revenue total for 2010, after having generated an almost 5% increase in 2009, largely due to it representing the first full year of operation for the two racinos serving the Indianapolis area. Slot revenue grew by $18.6 million between 2010 and 2009, while table game net win decreased by $20.8 million.

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Here in Michigan we don’t need that extra Revenue. After all we can tax the Senior Citizens Pensions and then break apart the Unions furthering the decline in Middle Class income. Why would this State do anything so rational and implement further gaming to the Horse Race Tracks to gain exploding Revenue. After all who do the Race Tracks think they are Charity Casinos?

They have their own Deputy Commisioner. Our Office of Racing Commisioner was dissolved.

Idiots

2009 Racetrack Casino Tax Revenue

Indiana’s ten casinos, two racinos (slots only) and the French Lick resort, experienced a relatively stabilized gaming revenue total for 2010, after having generated an almost 5% increase in 2009, largely due to it representing the first full year of operation for the two racinos serving the Indianapolis area. Slot revenue grew by $18.6 million between 2010 and 2009, while table game net win decreased by $20.8 million.

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Filed under Horse Racing, Michigan Governor Rick Snyder, Michigan Horse Racing, Michigan Politics, News, Racinos, Sports, Thoroughbred Horse Racing

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