Is Horse Racing Dead? Not in Indiana

“To get 96 racing days in during these unprecedented times is a real credit to the Indiana Horse Racing Commission (IHRC) staff, our horsemen and our very dedicated group of employees,” said Eric Halstrom, vice president and general manager of racing. “When you consider that we did all of that while breaking every handle record on the books makes the season a success by any measure.”

Indiana Grand Racing & Casino completed its 18th season of Thoroughbred and Quarter Horse racing Thursday, Nov. 18. The abbreviated 96-day season offered 92 days of combined Thoroughbred and Quarter Horse racing along with four days dedicated directly to the sprinters to set a new record of $198,960,722

IndianaRecord numbers were posted throughout the season. The track recorded its highest single program handle on the Indiana Derby Wednesday, July 8 with a total of $5,979,952 wagered on the 12-race card. The Indiana Derby race alone garnered $1,026,395, which was a single race record for the track. The four-day race period also marked the best week ever in the 18-year history of racing for Indiana Grand with a total of $13,176,192 wagered.

Overall, the track saw an increase of 60.93 percent over 2019. A total of $198,960,722 was wagered from all sources in 2020 compared to $123,635,376 in 2019, which is 31 more percent handle with 26 less days in 2020.

Quarter Horse racing also saw a 17.33 percent increase in 2020. Total handle for Quarter Horse racing in 2020 was 20,143,348.30 compared to $17,168,338 in 2019 with two less all-Quarter Horse days held in 2020 compared to 2019. The track recorded its largest single card handle on an all-Quarter Horse day with $819,708.35 wagered on the Saturday, Aug. 8 program.

The final week of racing also established some records as a total of $3,869,898 was wagered on the final program of the year Thursday, Nov. 19, marking the largest handle on a non-Indiana Derby racing card in the history of the track. In all, a total of six days in 2020 showed handle in excess of $3 million. Only one card all season containing Thoroughbred and Quarter Horse racing did not eclipse $1 million in total handle, which was a shortened two-race day due to weather cancellation. The total of 91 days with handle in excess of $1 million is also a track record for Indiana Grand.

Racing dates for 2021 will be reviewed and expected to be approved by the IHRC at their monthly meeting in December. Indiana Grand hopes to return to its regular 120- racing season including six days dedicated to Quarter Horse racing.

Source: Indiana Grand

FREE Money in Indiana may be coming to an End

IndianaOver the past couple of years the Indiana breeding and racing industry has invested a ton of advertising money in both supporting and growing the sport in the Hoosier Park. This was as a result of years of casino money that grew purses in Indiana to levels that rivaled the neighbor state, Kentucky.

Following an attempt earlier this year by the Indiana legislature to reduce the amount of funds from slot machines at racetracks that are allotted to the horse racing industry, Indiana Inspector General David O. Thomas and attorney Kristi Shute issued a report making the same suggestion.

“Assuming that a continued subsidy to the horse racing community is deemed proper by the Indiana legislature, we respectfully recommend the legislature consider evaluating the amount of the subsidy and consider a monetary cap at pre-racino figures,” Thomas stated in the report, which was released Nov. 10.

The effect of such a reduction, which would require legislative action, would decrease horsemen’s funds from $58 million to $28 million. That’s over 50% for those calculating.

Learn more in this article from The Blood-Horse