Fair Grounds Hikes Purses for Third Time

Posted on Thursday, March 15th, 2007

(BUSINESS WIRE)–Fair Grounds Race Course has announced a purse increase of approximately 25 percent on overnight races for the final two weeks of its 135th racing season.

Beginning Thursday, overnight purses will be increased by $12,000 per race. The increase does not affect stakes races.It is the third purse increase of the season. Overnight purses were increased $3,000 per race in mid-January and $3,500 per race in early February.

The purse enhancements were implemented due to several factors, including continued better-than-expected business levels at Fair Grounds and its eight affiliated off-track betting (”OTB”) facilities in southeast Louisiana, and record on-track and all-sources handle on Louisiana Derby Day.

Fair Grounds Race Course, the nation’s third-oldest Thoroughbred racing facility, has been in operation since 1872. Located in New Orleans, Fair Grounds is owned by Churchill Downs Incorporated.

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"Fair Grounds Hikes Purses for Third Time" was posted on Thursday, March 15th, 2007 at 10:14 am and is filed under Fair Grounds, Horse Racing Industry, Race Tracks News, Stakes Races, USA Horse Racing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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