Historic season

Historic season: Oaklawn distributes over $60M in purses, daily handle up 7.1%A new article in The Sentinel-Record about Oaklawn’s historic season doesn’t mention that part of Oaklawn racing’s current success is due to the money it receives from the 17.5% tax paid by all three current casinos on net casino gaming receipts, which is “used only for purses for live horse racing… by Oaklawn.”

Bigger purses mean better horses make their way to Oaklawn.

Over $60 million in total purses were distributed this racing season, and that amount will be even larger after the Pope County casino opens.

When open, gaming taxes on Legends Resort and Casino will contribute as much as $10 to $11 million a year to the ARC’s Purse and Awards fund.

A lot of money is being bet at Oaklawn during the racing season. “The total handle for Oaklawn’s races this season was $450,263,230.” “Handle” is a term for the amount of money bet.