Del Mar announces extra 10 percent purse payment
Del Mar's horsemen earned an extra 10 percent payment on top of already record-breaking purse payouts as final figures became available for the track's 2012 summer racing season. Meeting Friday, the Thoroughbred Owners of California's board of directors approved the additional payout, which totaled $1,466,532.
Strong betting numbers throughout the 37-day Del Mar meet translated into a record daily average purse payment of $687,000 per afternoon, a solid boost of 9.6 percent over last year's previous highest-ever daily purse payments of $626,951.
"For all the owners who had horses that won overnight purse money during Del Mar's record-breaking season, we are extremely pleased to announce such a large retroactive payment to those individuals and stables," TOC president Lou Raffetto Jr said. "This is just another indication of how successful the recently concluded season at Del Mar was."
Del Mar Thoroughbred Club's executive vice president for finance and chief financial officer, Mike Ernst, echoed Raffetto's comments.
"Good racing is good business," he said. "We had terrific cooperation from our horsemen this summer and it translated into big fields and competitive, entertaining racing. That naturally translates into larger purses for the people who put on the show and this retro payment underscores that reality."
Ernst noted that the additional payment will be tacked on to all 2012 overnight purses earnings and that Del Mar Thoroughbred Club would be issuing retro checks toward the end of October.
The track's 75th anniversary season saw robust handle figures virtually across the board during the seven-week session. Its on-track handle climbed by 13.3 percent to a daily average of $2,364,187 and its Advance Deposit Wagering figures rose by 15 percent to $1,810,215 daily.
Overall, Del Mar's all-sources betting tally increased 6.6 percent. The final figures showed a total handle of $458,519,873 for a daily average of $12,392,429.
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