Horseshoe Indianapolis Seeks Four-Date Thoroughbred Trim in '23

Horseshoe Indianapolis | Coady

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Horseshoe Indianapolis is proposing a 2023 mixed-meet racing schedule of 123 dates that pares four dates from the Thoroughbred portion of the calendar, down to 117 from the 121 Thoroughbred dates that had been granted this year.

Pending approval at this Thursday's Indiana Horse Racing Commission (IHRC) meeting, the 2023 mixed meet will run Apr. 18-Nov. 17.

That's roughly the same template that Horseshoe Indianapolis used this past season, although next year's meet is scheduled to end on the Friday before Thanksgiving instead of running into the holiday week and closing the day before Thanksgiving, like it did this year.

“The 2023 mixed Thoroughbred and Quarter Horse meet will begin and end at roughly the same time as the 2022 season but, in an attempt to adapt to the changing national racing calendar, there will be some movement of racing days to maximize handle and attendance,” Horseshoe Indianapolis stated in its application package to the IHRC.

For 2022, Horseshoe Indianapolis had been awarded 127 total days, with six of those dates dedicated exclusively to Quarter Horse cards. Although there will be some Quarter Horse racing mixed in on the Thoroughbred dates, which is standard for the track, there will again be six stand-alone Quarter Horse programs in 2023.

In order to meet the state's minimum requirement for unlimited simulcasting, Horseshoe Indianapolis must run at least 120 total Thoroughbred and Quarter Horse dates.

“The stakes schedules for both breeds will likely see some minor changes, but on the Thoroughbred side, our signature events–[the GIII] Indiana Derby and [the GIII] Indiana Oaks–will see a minor change as well,” the application stated.

“We feel there's an opportunity to make the event even bigger by turning it into a potential two-day, stakes-filled display of the best racing in Indiana. With that in mind we have added Friday, July 7, to the calendar and we'll keep the Indiana Derby on Saturday, July 8, as we try and follow up our remarkable success from 2022,” the application continued.

The 2022 running of the Indiana Derby marked the fourth straight year in which Horseshoe Indianapolis established a new track-record handle.

Four race dates in 2023 (from 12 to 16) will shift to Saturdays.

“Although it is proven the racing program captures more attention and more eyes with its Monday-through-Thursday racing schedule, it's also evident that weekends draw the best crowds,” the application stated.

Stabling will remain open through the winter again this year at Horseshoe Indianapolis, an amenity designed to bolster the horse population for when racing resumes next spring.

“Winter training continued to be an important tool for our [2022] early season racing program,” the application stated. “In all, nearly 400 horses took advantage of our racing surface and barn area being open year-round. The entries in April increased over 2021 and the new barn gives us the opportunity to have even more horses this upcoming winter. We believe it is likely that over the course of the next few months that almost 500 horses will use our facilities to stay fit and in training.”

Horseshoe Indianapolis also detailed in its application a 2023 spending strategy for capital investments.

“For 2023, there is a considerable sum ($813,708) set aside for rolling capital…more than we are likely going to need to use to sufficiently replace aging equipment,” the application stated. “Most of the maintenance capital plan calls for the replacement of harrows, floats and snow removal equipment. We will be doing a thorough inventory of our current equipment, and its condition, and coming to the IHRC with a request for substitute capital at the March 2023 meeting as there are other needs that could improve our facility and product.”

The application continued: “Due to the unplanned year-round use of our tractors, we are experiencing unexpected wear and tear. It is likely that we will need to plan for a phasing in of new tractors over a number of years.

“Additionally, Horseshoe Indianapolis continued its improvements with the Racing Capital Fund Appropriation Committee (RCFAC) capital,” the application stated. “The 2022 RCFAC items have been very productive for our racing program and we will have some equipment in 2023 that will not only bring value to horsemen and our facility, but for our customers as well.”

According to Horseshoe Indianapolis, among the RCFAC expenditures already approved for 2023 are an apron tent and awning structure ($650,000), the installation of a new turf rail and geolocation services ($150,000), Eurocizer material ($25,000), and sand for a turf course renovation ($25,000).

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