purse revenues

Purse account revenues from gaming have improved "dramatically" at both the Penn National and Presque Isle Downs racinos in the past six weeks, enabling Penn National to add an extra weekday of racing starting June 8 and Presque Isle to potentially tack on race dates at the end of the meet that begins July 5. The news came in the form of a one-page memo to members issued Friday by Pennsylvania Horsemen's Benevolent and Protective Association executive director Todd Mostoller. "For the first time since the pandemic started, we have...

Like an overzealous professor, the pandemic has taken a bright red marker to the status quo, with the racing industry very much on the receiving end of this economic revisionism. When it comes to California alone, startling betting patterns have emerged with potentially serious ramifications for the long-term sustainability of the sport in the state--that's according to handle and purse data from the first eight months of the past three years put together for the TDN by the Thoroughbred Owners of California (TOC). Among the key takeaways is this: While...