Richest Overnight Purses in Decade at Lone Star Park

Posted by Press Release on 02/10/2020

GRAND PRAIRIE, TX—FEBRUARY 5, 2020—Lone Star Park officials have announced an increase of nearly 43% to overnight race purses for the upcoming Thoroughbred Racing Season. Overnight race purses this year average $200,000 per day compared to $140,000 per day in 2019. 

"This boost in overnight purses has energized Lone Star Park in a way that we haven't experienced in a lot of years," said Bart Lang, Director of Racing. "This is a very exciting time for the Grand Prairie, Texas racetrack!" 

The increase is possible due to funds collected and distributed to the track by the passage last year of House Bill 2463. The new law, which went into effect September 1, enhances purses at the state's racetracks. 

The law will eventually put up to $25 million annually into escrow from a portion of the taxes collected on the sale of horse feed, supplements, bedding, tack and grooming supplies, plus any other taxable expenditure directly related to riding, boarding and owning horses. 

Of the $25 million collected each year, up to $17.5 million will be available to Texas' racetrack operators strictly for purses. The other $7.5 million will be available to official breed registries to enhance their incentive programs. They include the Texas Thoroughbred Association, the Texas Quarter Horse Association, the Texas Arabian Breeders Association and the Texas Paint Horse Association. 

Lone Star Park's Thoroughbred Racing Season opens Thursday, April 16 and continues through Sunday, July 19. 

A 26-night Fall Meeting of Champions featuring American Quarter Horses will run from September 11 through November 28. 

 

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Lone Star Park at Grand Prairie, a Class I racetrack operated by Texas Partners LSP and Global Gaming LSP. The track offers a 16-day 2019 Quarter Horse Season, which opens Friday, September 20 and concludes on Saturday, November 9. Live racing will be held Friday and Saturday Nights at 6:05 p.m. For more information on Lone Star Park visit LoneStarPark.com or follow us on Facebook and Twitter. 

Lone Star Park is also home to the multi-million dollar simulcast racebook, sports bar and event venue, Bar & Book. The 36,000 square foot venue is open to the public 363 days a year.

 

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Global Gaming Solutions, LLC (GGS), is a wholly owned subsidiary of the Chickasaw Nation with a primary business focus of pursuing entertainment, gaming and racing related opportunities in emerging jurisdictions in the United States and overseas as well as acquisition of regional gaming and entertainment assets. GGS LLC is the parent company of GG RP, which owns Remington Park in Oklahoma City, OK and GG LSP, which owns a significant stake in Lone Star Park. GG LSP is the track operator who owns the license to operate Lone Star Park and leases the property from the Grand Prairie Sports Facilities Development Corporation.

Categories: The News

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