Northfield Park officials are already hiking race purses at the harness oval in anticipation of new revenue expected from slots gambling at its Hard Rock Rocksino, which opened Dec. 18.
CLEVELAND, Ohio – Northfield Park officials are already hiking race purses at the harness oval in anticipation of new revenue expected from slots gambling at its Hard Rock Rocksino. The $265 million entertainment complex and racino opened Dec. 18.
Northfield Park officials decided last year not to wait for cash from the racino before boosting the horsemen’s share. In anticipation of the extra purse money, the track raised purses twice in 2013, both times by 10 percent. The track will kick in another 10 percent hike to the purse fund starting with Thursday night’s program.
With 214 racing dates this season, the Northfield cash will be spread much thinner than at Scioto Downs, where purses and wagering blossomed last year. Its racino opened in June 2012 and purses increased dramatically at the Columbus oval in 2013. The big increase in purses was expected.
Scioto Downs’ racino is in operation year-round. The additional revenue from the racino gambling propped up purses over the track’s short 90-race season.
“We wanted our purses to go up with a natural flow, rather than tossing out a big purse increase down the road,” said Dave Bianconi, executive vice president of racing and simulcasting. “Because of the increases in the purse money, we had a large overpayment of purses by the end of the 2013 season. Owner Brock Milstein had floated that overpayment until the Rocksino opened, wanting to keep our purses at a competitive level.”
Bianconi said Northfield Park is quite different than the Ohio tracks with a single race meeting and a finite amount of purse money. “We have to outlay purses throughout the year, while the other tracks build up a purse fund all year for a much shorter racing schedule,” he said.
Bianconi said there would be more purse increases in 2014, and fans should see a steady improvement in the quality of horses racing here. He also hinted a major stakes race is in the works for later this year.
Crunching the numbers: The wagering at Ohio’s four harness racing tracks in 2013 was mediocre, and downright frightful at the three thoroughbred tracks. That matches a national trend that saw a miniscule increase in thoroughbred wagering, while harness racing enjoyed a much healthier 6 percent jump in dollars bet.
The Ohio State Racing Commission reported Northfield Park’s wagering fell almost 10 percent last year, with $44.3 million bet over 212 nights of racing. There was $34.8 million bet during Thistledown’s 122 live racing dates, almost an 18 percent decline. Overall, the seven Ohio tracks handled $184.9 million, a 13 percent drop.
The first Ohio track to open a racino, Scioto Downs took advantage of the new gambling revenue. Hosting Ohio sires stakes championship races and weekly featured open races, Scioto Downs enjoyed a 39 percent jump in wagering, reaching $31.9 million.
Nationally, harness fans bet $1.6 billion on 3,880 race cards. Thoroughbred racing generated $10.8 billion with 5,143 race days.