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Submitted by Jerry Antonucci on Saturday, January 11, 2014 at 12:00 AM

Fair Grounds to reduce selected stakes purses

NEW ORLEANS, La. – Selected stakes races at Fair Grounds Race Course & Slots will see purse reductions in response to an overall handle decline. There will also be a cancellation of four other stakes races.

Fair Grounds Track President Tim Bryant said,  “Given the early handle performance at the Fair Grounds 2013-14 meet, it has become necessary to make some reductions in purses. 

Unfortunately, overall handle in the US dropped by almost 11 percent year-over-year in the month of December.  This national trend along with an experience in poor weather and fewer races run at the Fair Grounds has created this scenario.  Rather than impact overnight purses, the Fair Grounds has decided to strategically reduce some of the purses in stakes races.  Fair Grounds has historically set aside more purses for stakes than most tracks.  While this is disappointing, we did consult with horsemen and it is the most prudent course of action.  We are hopeful trends improve so that we do not have to impact overnight purses over the remainder of the Fair Grounds 2013-14 meet.”

The races in which purses have been reduced are:

Jan. 25: Van Berg Stakes ($75,000 to $60,000)
Jan. 25: Gaudin Memorial ($75,000 to $60,000)
Feb. 1: Battle of New Orleans ($75,000 to $60,000)
Feb. 1: Happy Ticket Stakes ($75,000 to $60,000)
Feb. 22: Bayou Handicap ($75,000 to $60,000)
March 4: Mardi Gras Stakes ($75,000 to $60,000)
March 8: Duncan Kenner ($150,000 to $100,000)
March 15: Colonel Power ($75,000 to $60,000)
March 29: Crescent City Oaks ($75,000 to $60,000)
March 29: Crescent City Derby ($75,000 to $60,000)
March 29: Fair Grounds Oaks  ($500,000 to $400,000)
March 29: Mervin Muniz  ($400,000 to $300,000)
Canceled Stakes Races:
 
Feb. 8: Tiffany Lass
March 1: Allen Lacombe
March 1: Black Gold Stakes
March 8: New Orleans Ladies

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