VA RACING COMMISSION APPROVES PURSE CONTRACT

At its regular monthly meeting in March the Virginia Racing Commission (VRC) approved a three year horsemen’s purse contract between the Virginia HBPA and Colonial Downs. The new contract settles for the next three years (2010-2012) the contentious issue of race days.

Throughout that period both sides agree to seek approval from the VRC of at least 40 race days each summer at the New Kent, Virginia track. In the past Colonial Downs has argued for fewer days.
The new contract also reduces stakes purses, like the Virginia Derby Gr.II, in favor of overnight races. During the three year contract term the Derby will carry a purse of $600,000, down from its former $750,000.

In addition, horsemen’s purses will receive a greater share of simulcast revenue resulting from transmission and sale of Colonial’s live racing signal to off track betting locations and on-line wagering companies throughout the country.