Gulfstream Announces 10 Percent Purse Increase

Gulfstream Announces 10 Percent Purse Increase

03/02/2011

 HALLANDALE BEACH, FL - Gulfstream Park Racing & Casino announced today a purse increase of 10 percent, beginning Saturday, March 4.

In addition, Gulfstream announced starters on Florida Derby day (excluding stakes races) will each receive an additional $1,000.

“Considering we started the meet with a 15 percent increase, we’ve now increased purses more than 25 percent over last year,” said Tim Ritvo, VP of Racing.

Gulfstream’s on-track handle on its live product is up 15 percent from last year while total handle on-track is up five percent. Meanwhile, Gulfstream’s Fountain of Youth day Feb. 26 was a huge success, with total handle of $17.5 million, up $2 million from the previous year.

“Our increases are due to a number of factors,” Ritvo said. “From our quality racing to our Hall of Fame trainers and jockey, to the crowds we’re getting for our ‘Breakfast At Gulfstream’ and backstretch tours every Saturday morning to the great customer service. We also hope our new wagering platforms, including the Rainbow 6 and 50 cent Pick 5, meet our customers’ satisfaction.”