purse subsidies

In the second installment of the TDN Business Hour, the conversation focused in on one of the most vital components of the racing economy in America today: the reliance on casino-funded purse subsidies. Host Najja Thompson, Executive Director of the New York Thoroughbred Breeders, explores these questions with Louis Cella, Damon Thayer and Bill Nader.

In the second installment of the TDN Business Hour, the conversation focused on one of the most vital components of the racing economy in America today: reliance on casino-funded purse subsidies. While states like Kentucky and Arkansas have seen a revitalization fueled by gaming revenue, other jurisdictions face an uphill battle. From the ongoing quest for subsidies in California to the defensive front against decoupling in Florida, the industry is at a crossroads. What are the long-term benefits of these subsidies? At what point does the sport become too reliant...

Beginning in January 2027, the prize money on offer for all New York-bred overnight races on the New York Racing Association (NYRA) circuit will equal that which is available to their open-company counterparts, officials at NYRA said on Monday. As was announced in 2023, beginning in January 2026, all New York-bred overnight races for 2-year-olds will offer equal purse money. In 2024, NYRA staged 548 races restricted to New York-breds for total purses of $42,817,000, and the new program is expected to raise New York-bred overnight purses by 15% versus...