Santa Anita has cut purses of 23 stakes, including six Grade 1 races, raised the purses of five stakes, and eliminated three stakes for its 2023-2024 spring-summer meeting that runs from Dec. 26 to June 16.
Overall, 90 races will be offered, led by the Grade 1 Santa Anita Derby, a $750,000 race for 3-year-olds that is a key prep for the Kentucky Derby at Churchill Downs on May 4.
Purses for stakes have been reduced by $2.275 million.