Is Horse Racing Dead? 8th Consecutive Laurel Park Meet Soars

Press Release

For the third consecutive year and eighth consecutive meet, Laurel Park registered an increase in average daily handle during its recently-completed summer meet.

Laurel’s average handle during its 33-day summer meet was $2.725 million, up 25.6 percent over last summer’s average of $2.170 million.

Total handle on Laurel’s summer meet was $112 million, up from $63.2 million last year when there were 24 live race days.

“We’re pleased that our product continues to trend upward with bettors, and horsemen throughout the Mid-Atlantic and Northeast continue to support our program,” said Sal Sinatra, President and General Manager of the Maryland Jockey Club. “We will continue to build our product with quality racing, full fields and improvements throughout our facility, and we truly believe our upcoming fall meet will be the best in recent memory.

The fall meet will offer 44 stakes worth $4.42 million in purses, and a number of Super Saturdays highlighted by the De Francis Memorial Dash (G3) Sept. 16, the Baltimore-Washington International Turf Cup (G2) and Commonwealth Derby (G3) Sept. 30, and the James F. Lewis, City of Laurel and Safely Kept Nov. 11, the day when the career and life of Maryland champion Ben’s Cat will be honored.

On Saturday, Oct. 21, Laurel Park will play host to the 32nd Jim McKay Maryland Million, “one of the greatest days of the year in Maryland,” Sinatra added.

Hollywood’s Seminole Hard Rock Rake in Over Half a Billion Dollars

racino slots machineSouth Florida racetrack casino owners merely shake their head when they asked how they can “compete” with the Seminole Hard Rock Hotel & Casino in Hollywood, and my recent calculations explain why. It’s because the Seminole Hard Rock’s haul for the past fiscal year ending June 30, 2016, totaled more than $579 million. That’s more than… [Read more…]

Seminole Hard Rock Collects $579 Million, Versus $578 Million For Eight South Florida Racetrack Casinos

Historic Racing game slot machinesSouth Florida racetrack casino owners merely shake their head when they asked how they can compete with the Seminole Hard Rock Hotel & Casino in Hollywood. My recent calculations illustrate why.

Seminole Hard Rock Resort & Casino The Seminole Hard Rock’s haul for the fiscal year ending June 30, 2016, totaled more than $579 million. That’s… [Read more…]

Is Horse Racing Dead? Saratoga Opening Day Sees Handle Increase – 2017

Horse Racing Fans at the Saratoga Clubhouse Rail

Fans at the Saratoga Clubhouse Rail

Opening day at Saratoga Race Course saw all-sources handle of $20,332,051, a 14.47% increase over last year’s opening day total.

Source: Saratoga Opening Day Sees Handle Increase

Annual Slot Revenues at Florida Racetracks Up 2 Percent vs 2016

racino slots machineSlot revenues at South Florida racetrack casinos rose by more than 2 percent this fiscal year compared to last, according to figures released this month by the state’s Division of Pari-Mutuel Wagering. Click Here For Other Stories And Videos On South Florida Reporter The eight dog tracks, horse tracks and jai-alai frontons with slots collected $549… [Read more…]

Is Horse Racing Dead? Ellis Park Opening Day 2017 Handle Rises Sharply

Press Release

Total betting on Saturday’s opening card at Ellis Park was $1,789,882 — up 62 percent over the $1,106,508 wagered on last year’s first day of racing. That breaks down to $232,276  bet on Ellis at Ellis (up 14 percent over 2016) and $1,557,715 bet off track on Ellis’ nine-race card (up 72 percent percent over last year’s $903,119). Another $300,993 was bet at Ellis on other racetracks, a number that does not show up in the all-sources total but which was up 10 percent, the track said.

“It was just a delightful and great day,” said track president Ron Geary. “We worked hard the whole year to get to this position. We launched a bunch of new things, the new video and tote board and a lot of interior improvements. We’re very excited. Obviously we got our purse money up, and that helps a lot. But I think our team executed quite well. We thought we’d have a good meet; this is certainly a good indicator. But we’ll see what happens in the next 30 race dates, see if it rains or anything like that.”

Is Horse Racing Dead? Summit of Speed Handle Up 50% Over 2 Years Ago

Post Parade Gulfstream Park maiden race

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Press Release

Gulfstream Park set a record on Summit of Speed Day with total handle Saturday of $12,660,617.

Saturday’s handle eclipsed the previous year’s handle of $9,702 million by 30 percent and the 2015 handle of $8,071 by 50 percent.

The 14-race card featured victories by Curlin’s Approval in the Breeders’ Cup “Win & You’re In” Princess Rooney (G2) and Imperial Hint in the Breeders’ Cup “Win & You’re In” Smile Sprint (G3). Jockey Luis Saez flew in from New York to win three races, including the Princess Rooney and Azalea aboard Who’s the Lady, while Javier Castellano won aboard Imperial Hint. Jockey Edgard Zayas won three races, including two stakes.

In its last year at Calder in 2013, total handle on the Summit of Speed program was $4.678 million. After Calder did not run the Summit in 2014, Gulfstream focused on rejuvenating summer racing and the Summit of Speed.

“We want to thank the fans throughout the country for making Saturday’s Summit of Speed a success,” said P.J. Campo, Vice President of Racing for The Stronach Group and General Manager of Gulfstream Park. “Horsemen continue to support our summer program with great racing. We witnessed some incredible performances today by our equine and human athletes.

“We will continue to build summer racing in Florida and we’re excited about the rest of our holiday weekend culminating with our free Grand Illumination fireworks show.”

Is Horse Racing Dead? Golden Gate Field Reports Gains

Golden Gate Fields concluded its 99-day winter/spring meet on Sunday, June 18 with gains in both attendance and on-track handle. The Bay Area track was able to achieve these gains despite experiencing one of the wettest seasons to affect Northern California in years, with over 40 inches of rain recorded during the first part of the season. This is the first winter/spring meet since 2011 where attendance was up by 5.65% with on-track handle also increasing by 3.44%. The most notable change in attendance came from the popular Dollar Day Sundays which saw a 13% increase year-over-year.

“We are very happy with our loyal fans for braving the weather and supporting our live racing product. I look forward to seeing them again during our summer meet,” said Joe Morris, senior vice president of West Coast operations for the Stronach Group.

The leading trainer of the meet was John Martin with 62 wins, leading him to back-to-back winning trainer titles (Martin was the leading trainer of the 2016 fall meet at Golden Gate Fields). Hall of Fame trainer Jerry Hollendorfer came in second. The leading jockey for the winter/spring meet was Abel Cedillo with 89 wins.

“It was a long meet. I’ve just been working hard and running a lot of horses. I tried really hard to win it this time. I need a little bit of a rest now,” said trainer John Martin. 

“I learned a lot down at Santa Anita from great jockeys like Mike Smith and Kent Desormeaux. I’m just blessed I’m here. I’m getting great horses now and my agent, Roger Olguin, couldn’t be better,” said jockey Abel Cedillo.

Golden Gate Fields is set to open its doors for another exciting summer meet on Thursday, August 24. The brief summer race season will run through Sunday, September 17, with special holiday racing on Labor Day Monday, September 4. First post every race day is scheduled for 1:45 p.m. The summer meet will feature a Turf Festival during the last two weeks: September 8 to September 17, a time in which Golden Gate Fields will be the only track in California offering turf racing. The track will offer vanning and stabling incentives for horsemen looking to ship from Southern California. The Turf Festival will be highlighted by the $50,000 Rolling Green Stakes, which will be contested on the lakeside turf course at a distance of a mile and one-sixteenth.

Is Horse Racing Dead? Handle Up on 3-Day Belmont Stakes Racing Festival

Belmont Park horse racingAll-source handle for the three-day Belmont Stakes Racing Festival at Belmont Park was $124,740,193, eclipsing 2016’s all-source handle of $122,816,359.

All-source total on Saturday, which saw Tapwrit win the 149th edition of the Belmont Stakes presented by NYRA Bets, was $93,666,832. Saturday’s on-track handle was $11,594,599, virtually unchanged from 2016’s on-track handle of $11,694,897.

All-source wagering on the Belmont Stakes itself was $47,163,773.

This year’s Belmont Stakes also featured betting in Japan, in a non-commingled pool. The total Belmont Stakes handle from Japan, which is not included in the all-source handle figure, was $4,698,525.

Paid attendance for Belmont Stakes Day was 57,729.

 2017 Handle:

Thursday all-source handle = $10,309,891

Friday all-source handle = $20,763,469

Saturday all-source handle = $93,666,832

Belmont Stakes Racing Festival all-source handle = $124,790,193

Belmont Stakes all-source handle = $47,163,773

Belmont Stakes Japan handle = $4,698,525

Is Horse Racing Dead? Ghostzapper Colt Acquired at 2yo Sale for $800,000

Premier 2yos at Del Mar, SaratogaHuge Price Paid for Fast Two Year Old Colt

A chestnut son of Ghostzapper from the consignment of Cary Frommer was purchased by Susan and Charles Chu for $800,000 late during the second session of the Fasig-Tipton Midlantic 2-year-olds in training sale.

Source: Ghostzapper Colt Acquired by Chu for $800,000