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Horse Racing Purse Money: Where's It From and How's It …
https://horseracingsense.com/where-purse-money-from-horse-racing/
At the track in our example, the payout is the standard rate; 60% of the purse typically goes to the winner, 20% to second place, 10% to third, 5% to 4th, 3% to 5th, and 2% to 6th. So if the purse is $10,000, the winning horse is paid $6000. Ten percent of that goes to the trainer and 10% to the Jockey. Bobby is paid $600.00 for this race.
§ 23-113-401 - Contribution to purses and promotion of Arkansas ...
https://law.justia.com/codes/arkansas/2010/title-23/subtitle-4/chapter-113/subchapter-4/23-113-401/
(a) An amount equal to fourteen percent (14%) of the net wagering revenues from electronic games of skill shall be set aside by the franchise holder in a separate account and used only for purses for live horse racing or live greyhound racing …
Arkansas Horse Racing Industry Gets Automated - Govtech
https://www.govtech.com/archive/arkansas-horse-racing-industry-gets-automated.html
Funding; Customer Experience; ... A new online system helps track stakeholders in the Arkansas horse racing industry, and distributes race winnings. June 27, 2013 • Noelle Knell.
Racing Commission | Department of Finance and Administration
https://www.dfa.arkansas.gov/racing-commission/
Arkansas Racing Division [email protected]: 1515 Building 1515 W 7th St, Ste 505 Little Rock, AR 72201: P: 501-682-1467 F: 501-682-5273: Greyhound Division [email protected]: 1550 North Ingram Blvd West Memphis, AR 72301: P: 870-732-1331 F: 870-732-5926:
Arkansas Horse Racing | Arkansas Race Tracks
http://www.advantagewagering.com/race-tracks/arkansas-horse-racing.html
With one racing meet a year, held from January-April, Oaklawn is widely considered one of the top betting tracks in the country despite only offering dirt racing. Major stakes races held annually at Oaklawn include the Grade 2 Rebel, Grade 2 Southwest, Grade 1 Arkansas Derby, and Grade 1 Apple Blossom Stakes. Bet Arkansas Horse Racing Online!
$5.2B wagered in machine bets at state's tracks
https://www.arkansasonline.com/news/2019/sep/15/5-2b-wagered-in-machine-bets-at-state-s-1/
Of that tax revenue, 55% will go to state general revenue and 17.5% to the state Racing Commission for purses for horse and greyhound racing. Eight percent of the receipts will go to the county and...
Legislation filed to tap greyhound purse money when dog …
https://arktimes.com/arkansas-blog/2021/04/15/legislation-filed-to-tap-greyhound-purse-money-when-dog-racing-ends
And 17.5 percent of that must go to the Racing Commission “only for purses for live horse racing and greyhound racing by Oaklawn and Southland.” The tax has been producing $4 to $5 million,...
Between The Hedges: Where Do Purses Come From? - Horse …
https://paulickreport.com/horseplayers-category/between-the-hedges-where-do-purses-come-from/
One such track has gone on record saying they were only getting a host fee of 3 percent. Splitting that with horsemen, 1.5 percent goes to their purse account. To maintain a daily purse level of...
Rare peek into race purses, payouts under charter system
https://nascar.nbcsports.com/2018/03/22/rare-peek-into-race-purses-payouts-under-charter-system-through-bankruptcy-filing/
Funding was based on four categories: entering a race, historical performance over the past three seasons, the traditional points fund (with extra cash) and race results. It was partly intended to help teams by providing more predictable revenue …
Pa.'s horse-racing industry gets more state money than …
https://www.inquirer.com/philly/business/horse-racing-casinos-slots-purses-gaming-20180406.html
The Pennsylvania horse racing industry is funded by slot machine players. Since 2006, more than $2.6 billion has flowed into the horsemen's coffers. ... The largest of the purses — which can reach $1 million a race at the Pennsylvania Derby at Parx in Bensalem — are routinely scooped up by Arab princes, Hollywood moguls, and California ...
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