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Turfway Park to slash purses by 25 percent

Because race days have not had to be canceled this year, Turfway Park is forced to reduce overnight purses by 25 percent beginning with Saturday's program.

 

Turfway, home of the Vinery Racing Spiral Stakes, is trying to make up for an overpayment of purses due to the fact that better than normal weather has kept the track from canceling race days.

 

"We have actually paid out almost 12 percent more in purses so far this year compared to 2011; however, most of the overpayment resulted from not having to cancel any race cards this winter, a contingency we take into account but cannot predict, as the current mild winter proves," explained Turfway Park president and CEO Robert N. Elliston. "Compounding the problem is that wagering both on track and at other outlets is down 6 percent from where we expected it to be.


Read more here: http://www.sunherald.com/2012/03/01/3788933/purses-to-be-reduced-at-turfway.html#storylink=cpy
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Older Comments about Turfway Park to slash purses by 25 percent...

Saturday nights would improve their handle. They have NO HOPE of competing during the day, bc of the major meets!

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