NYRA increases purses
 

http://www.thoroughbredtimes.com/nat...ough-fall.aspx

Not bad for a bankrupt, community insensitive bunch.

I wonder what N.Y. state politicians think.....oh, right.....most of them don't ;)

Get it right...Dump. Slums is more like Yonkers...

Hard to tell where one ends and the other begins...though I heard the slots palace was kinda nice

Not the fancy horses but may help bring in a few more outside outfits. Though the problem with attracting outfits to come to NY in the winter is the fact that NY breds make up 1/2 of the cards many days and the non NY barns rarely have many.

I hate to admit it but I own 4 NYB yearlings...

Think the increase only applies to the fall meet (till the end of the year.)

;)

Yeah there may be no purses as of Jan 1st

Actually, I hope that's the case. Take Jan and Feb off, it'll be better for everyone...

If they want to attract the quality 3yos they'll have to bump the purses on the Whirlaway, Gotham, and Wood to the level of the 3yo preps at Oaklawn. As long as the Whirlaway is ungraded and the Gotham doesn't have enough money to get you in the Derby they'll have a tougher time keeping top 3yos.

People are never going to leave top 3YOs in NY during the winter because of the weather.

The question is whether they can entice more people to stay in NY, because of the purses, with horses in general and thus have bigger fields ( which obviously stimulates betting and thus increases purses more down the road ). Frankly, I have no idea why people race cheaper horses in Florida during the winter.

Sad but true.

I think if the Gotham was more relevant in the graded stakes earnings picture you would see better quality horses show up. You might not get the cream of the crop but they should still be able to get some better ones up there by March.

They've had OK horses the last few years.

It's a Graded race so the earnings count.

They count but at $200,000 the winner's share of $120,000 isn't enough to guarantee a spot in the Derby starting gate. At $300,000 it has that benefit and even at $250,000 you have a shot of getting in off that one race. Not that I'm in support of horses going to the Derby off just a win in the Gotham but it is added incentive to know you can win the Gotham, get DQ'd or have a trip from hell in the Wood, and still get in the Derby field.

Who is paying for that the same taxpayers that bailed them out of their bankruptcy? Just keep raising the purses because it isn't like NYRA is going to have to pay for anything when they are filing for bankruptcy again next year. LOL

The purses are contractual payments due to the horsemen based on the handle generated on NYRA races. They have nothing to do with the NYRA bankruptcy.

I am well aware of how it works. It is just hilarious how NYRA loses millions every single year. I wonder where all that money goes. LOL What is even funnier will be when the slots get in and bring in millions and NYRA is still filing for bankruptcy. I am sure those ticket punchers will keep bringing in their $20hr though. We all know what a difficult job that is. LOL

You'd never know it from your posts.

I love that comeback. Another NYRA bootlicker. Since you know everything, please let me know where the operating costs for running the racetracks comes from. I am well aware of where it comes from. You seem to have no clue.

Since you seem to know everything, explain to me how the handle increases but NYRA continues to lose millions and needs to file for bankruptcy every year.

You want to know about NYRA, the 2005 report said it all. No accountability and an operating budget which is essentially just a slush fund. I do love the hundreds of thousand in fee stall space. I wonder whose pockets that money fell into. Basically the NY taxpayer paid so friends of NYRA could have free stalls.

New York Racing Association
Backstretch Operations
The New York Racing Association, Inc. (NYRA) is a not-for-profit organization franchised by New York State to conduct racing and pari-mutuel wagering at the State’s three major thoroughbred racetracks: Aqueduct, Belmont Park and Saratoga. Backstretch facilities at the three tracks provide horse barns and living quarters for the personnel who take care of the horses. We examined NYRA’s management and control of the costs associated with these backstretch operations.

We found that significant improvements were needed. For example, even though NYRA’s records indicated that its operating costs for backstretch operations totaled about $5 million annually, NYRA had not established a system to account for these costs. We had to perform a detailed review of NYRA’s general ledger accounts to develop an estimate for these costs. In the absence of an appropriate cost accounting system, the costs are less likely to be adequately controlled. We noted that, during the three years we audited, NYRA paid certain backstretch expenses totaling about $3 million that are reasonably the responsibility of horse owners and trainers, such as medical insurance for backstretch personnel, recreational expenses for horsemen’s staff, and the operating costs of an equine veterinary clinic.

We also found that NYRA did not always charge horsemen for the stall rental fees that were due. For example, in 2004 alone, we identified more than $300,000 in unbilled stable fees. NYRA is required to pay the State an annual franchise fee that is based on its expenses and revenues, and this fee may be reduced when NYRA incurs unnecessary expenses and fails to collect all due revenue. We recommended NYRA strengthen its controls over its backstretch operations.

For a complete copy of Report 2005-S-29 click here.
For a copy of the 90-day response click here.

The whole situation is a joke... No other company can lose lose lose and steal be the darlings of there cronies..

Let's call a spade a spade you guys all have a bunch of friends in there and they like the comfy surroundings.

I am sure the people at NYRA are good people now that care about racing...BUT THEY ARE OPERATING A FAILING BUSINESS

Because more and more wagers, largely because of NYRA's inability to compete with rebate shops, are being placed off-track rather than on-track from which NYRA gets a much larger percentage. But, of course, you know that as well.

Why be accountible just come to work when you please buy stuff when you want from who you want charge some folks and others ride free and blame no slot money for your mistakes... Oh and if you make a mistake just file for bankruptcy protection.

Why can't they compete and if they cant GET OUT or find somebody who can develop a model which works not JERKS

As if horsemen don't have a hard enough time paying the bills, you're now proposing that NYRA should be charging owners and trainers for stalls at the track. Aside from Payson Park and Palm Meadows, please identify one other track that requires such payments.

You don't get it so I will explain it to you. The entire business depends on handle which equal purses. NYRA loses money because they are incompetent. As long as purses increase they are always going to have horseman running their horses there. As long as horses are running there NYRA should be making money, but instead they do things like give away $300,000 if free stall space and other contracts because they are idiots. They give away things like contracts and pay workers ridiculously high wages because they take care of friends. That is why they lose money.

As long as the purses are good the horses will come. The purses will always be good because of the handle. NYRA just doesn't want to run things like a business, they want to run it like the government and give things away to friends and let taxpayers pay for it.

Because the NYSRWB will not let them do rebate programs at the level that they would like, because of opposition from the OTBs.

Ya think they would take care of their buddies? Why not tax payers will pay..

So you suggest the taxpayer should pay the costs by bailing NYRA out of bankruptcy so the Phipps and other owners don't have a higher dayrate? If horseman can't pay their bills then go find another job. This is a business. I think it is great to squeeze the taxpayer to pay for NYRA's bankruptcy so that rich people can have a hobby. If horseman can't make it then raise their rates.

Give me a break. This is why gambling should always be a for-profit, not a non-profit.

Is that report authored under Alan Hevesi, the state controller who resigned in lieu of indictment for having state employees drive and run errands for his wife?

Politicians' friends running racetracks which handle over $1 Billion a year. That's quite a recipe no matter who is running it moving forward.

How do I get a slice of this pie?

Oh so now we are back to the state screwing the NYRA..

BTW is NYRA needs money whats the big deal with charging for stall space? If you are bankrupt and need money you had better start finding additional revenue from somewhere. Or should the tax payers just pay?

I will really bad for weathy owners having to pay 100 a month for a stall

No wealthy owners shouldn't have to pay that extra $5/day in dayrate. We all know horse ownership is a right of all americans and they shouldn't have to pay for it all. Let the middle-class pay for it with higher taxes. LOL

NYRA is a joke. Always has been, but that is what you get when you essentially have zero accountability. I can't wait for NYRA to pull out the "we are doing it for the children and education" or some lame pr stunt.

The costs of racing here in NY are already higher than other locales. If you raise the cost of doing business, the horsemen will take their horses elsewhere, and you can enjoy betting on small fields. Besides, most horsemen and owners are not the "wealthy" individuals you make them out to be.

Your kidding right? Maybe your right maybe NYBreds mdn claiming 25's should race at Finger lakes...Maybe racing in NY should be 4 days a week...maybe the poor poor horse horsesman that spend 50k on a NY bred Freud or Precise End we should have a benefit for them.. You know what if you can't make a living trainering 5 claimers in NY MOVE