Minimum Purses Lowered for Non-Listed Stakes for 2020

The North American International Cataloguing Standards Committee voted May 21 to lower the minimum purse requirement for existing non-listed black-type races by 20% for the remainder of 2020. Because of the impact of COVID-19 on live race meets and casino operations that support purse funds, the NAICSC lowered the minimum purse for non-listed black-type races that ran prior to 2019 from $50,000 to $40,000 for the remainder of 2020, and the minimum purse value for non-listed black-type races that ran for the first time in 2019 will be reduced from $75,000 to $60,000 for their second running in 2020.

Requests to receive black type for any new races will continue to be reviewed by a subcommittee of NAICSC and require a minimum purse of $75,000. These changes provide racetracks with some flexibility in continuing to offer their black-type stakes without either putting a race’s black-type status at risk or forcing them to not offer a race at all.

Read BloodHorse Article

Please follow and like us: