- Published: Wednesday, 01 March 2017 09:42
Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.
A recent in-depth study shows that for total 2016 purse earnings of $50,085,471, 78.2% was paid to horses with Maryland connections. And the percentage was even higher when it came to money earned by Maryland connections in thousands of overnight races.
Of the $40,293,471 in purse earnings in overnight races at Laurel Park, Pimlico Race Course and the Maryland State Fair at Timonium, 86.4% went to horses with Maryland connections—owners, trainers and breeders either separately or in combination.
Stakes earnings in Maryland in 2016 totaled $9,792,000 ($6,251,200 of which was derived from the Thoroughbred Purse Account). Horses with a Maryland connection collected 44% of the total ($4,312,57) or 52% if you exclude the Preakness. The purse of the middle jewel of the Triple Crown is split 50/50 between the Maryland Jockey Club and Thoroughbred Purse Account.
The percentages are encouraging, according to Maryland Jockey Club President and General Manager Sal Sinatra.
“I’m really pleased with the results from last year,” Sinatra said. “The numbers show a good balance, with Maryland connections benefiting from the improved racing and purse program on the overnight side. Maryland connections also did very well in stakes here, but it’s also good to see quality shippers from other states perform well in our major races. It elevates the program.”
Sinatra noted many of the state’s open stakes are concentrated on the Preakness Stakes and Black-Eyed Susan Stakes programs in May. They naturally attract a higher number of shippers however purse account revenue from pari-mutual handle far exceeds the purses paid out on these big days.
In 2016, stakes purses paid from the Thoroughbred Purse Account on Black-Eyed Susan and Preakness days totaled $2,414,750 with total revenue into the Purse Account easily topping the $4-million mark for those two days.