06/23/2016 3:28PM

Suffolk Downs gains approval for 15 percent takeout

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The Massachusetts Gaming Commission on Thursday approved a request by Suffolk Downs to drop its takeout to 15 percent across the board for its six days of live racing this year. The vote was unanimous, according to the commission.

This is the second year in which Suffolk has cut the takeout on all of its wagers to 15 percent. Last year, the track held two of its three live racing cards with a 15 percent takeout, the lowest in the country. In 2014, takeout at the track was 19 percent for win, place, and show bets, and 26 percent on all other wagers.

In partnership with the New England Horsemen’s Benevolent and Protective Association, Suffolk Downs plans to run on three weekends this year, July 9-10, Aug.  6-7, and Sept. 3-4. The live race days will be conducted in much the same manner as last year, in a fair-type atmosphere with food-truck festivals each day, according to officials. Last year, attendance was in excess of 10,000 each day, Suffolk said.

Purses, which will be heavily subsidized by revenue from casinos in the state, will be approximately $500,000 a day. Suffolk plans to pay purses down to fifth place, with all runners in the top five positions also receiving a $300 shipping bonus. All other runners in the races will receive $1,000 each regardless of finish position.

btr10000 rd More than 1 year ago
Seems like yesterday when Figueroa was Chanting "mi chico suave" as his horse came around the bend...of course like most horse players I have little dementia(senior)  ......Used to love his horse at a mile and half......when I was ten , dad would be suffolk with the bookies, then we would go up on the hill overlooking suffolk and watch the stretch run and if theire wasn't a plane flying by you could hear the echo of the race call.......miss all cab dirvers and postal workers who peppered the grandstand during the day....there was a regular group of 4 postmen near the half yard room....so many memories......Once my dad got a tip on a 9/1 shot from his neighbor jockey,   the horse came from way off the pace like a wild man,   in the process he needlessly smacked the second place horse,  well needless to say my dads four hundred to win turned to mutuel confetti when the horse was taken down and placed second.....Loved going to Suffolk. it was a real gamblers place.  It wasn't fancy like Rock.   The coffee was never good and I loved it.  I'll be up there for a visit.  Maybe I'll catch a weekend there running.....rdbetterselects
Juice Righetti More than 1 year ago
Ambrose Pascucci where are you???
Juice Righetti More than 1 year ago
What's up with the sporadic racing dates?? 
delmar moebear More than 1 year ago
15percent of nothing is nothing