SEARCH NEWS:

 

Fair Grounds bolsters purses

NEW ORLEANS, Louisiana -- (PRESS RELEASE) -- Fair Grounds Race Course today announced a purse increase of approximately 25 percent on overnight races for the final two weeks of its 135th racing season.

Beginning Thursday, overnight purses will be increased by $12,000 per race. The increase does not affect stakes races.

It is the third purse increase of the season. Overnight purses were increased $3,000 per race in mid-January and $3,500 per race in early February.

The purse enhancements were implemented due to several factors, including continued better-than-expected business levels at Fair Grounds and its eight affiliated off-track betting ("OTB") facilities in southeast Louisiana, and record on-track and all-sources handle on Louisiana Derby Day.

Fair Grounds Race Course, the nation's third-oldest Thoroughbred racing facility, has been in operation since 1872. Located in New Orleans, Fair Grounds is owned by Churchill Downs Incorporated (NASDAQ Global Select Market: CHDN) and also operates off-track betting parlors throughout southeast Louisiana.

< Gaming News