The seven-figure purse deficits Del Mar and Santa Anita have amassed in recent years will take considerable time to eliminate and are likely to rise in the short-term, several racing and track executives said in the last week.
According to discussions at the California Horse Racing Board meeting on June 18 in Sacramento, Santa Anita has a current purse overpayment of approximately $4 million, while Del Mar has overpaid purses by $2.1 million.
Both tracks have taken measures in the last year to reverse the trend by cutting prize money, a trend widely expected to continue.