richrosa
08-20-2007, 08:06 PM
The upcoming Belmont meet will see a 10% hike in purses.
“We see at Saratoga how purse increases boost both the quality and size of the fields, two key factors in driving increasing handle,” said C. Steven Duncker, Chairman of the New York Racing Association. “All stakeholders benefit, from horseplayers to horsemen, and we’re pleased we can strengthen the Belmont Park Fall Championship meet in this way.”
They're right. Simple economics.
Its interesting that they see purse hikes this way, but don't see rebates or takeouts the same way.
“We see at Saratoga how purse increases boost both the quality and size of the fields, two key factors in driving increasing handle,” said C. Steven Duncker, Chairman of the New York Racing Association. “All stakeholders benefit, from horseplayers to horsemen, and we’re pleased we can strengthen the Belmont Park Fall Championship meet in this way.”
They're right. Simple economics.
Its interesting that they see purse hikes this way, but don't see rebates or takeouts the same way.