NEW ORLEANS – Fair Grounds announced Thursday that it was cutting overnight purses by 10 percent for the rest of its race meet.
The cut comes about six weeks after the track eliminated four stakes and reduced the purses of 12 others, moves that saved the purse account $785,000. It was hoped then that the stakes cuts, necessitated by poor betting handle on Fair Grounds races in November and December, would allow Fair Grounds to maintain its overnight purse structure, but a press release from the track Thursday said sagging handle had led to the second round of cuts, too.