Canterbury Park offers starter bonuses and shipping loans
Canterbury Park, with support from the Minnesota Horsemen’s Benevolent and Protective Association, announced new attendance incentive programs designed to reward owners who send horses ready to run at the start of their upcoming meetup.
Trainers and owners interested in attending Shakopee, Minnesota can also apply for credit to transport horses arriving before the 65-day season begins. In total, more than $ 500,000 will be allocated to assist and encourage the arrival of a race-ready horse population ahead of the season, which runs May 18 through September. 16.
Owners of thoroughbred starters who participate in open company overnight races during the first eight days of the race from May 18 to 31 will receive an additional participation bonus of USD 1,000 per start. This bonus is valid for every start of a horse during this time and is transferred directly to the owner’s account via the bookkeeping.
“We want the horses to arrive at Canterbury Park ready to compete and compete,” said Andrew Offerman, vice president of the race. “This entry bonus makes racehorse owners extra cash on top of the money they can make and is designed to directly offset the transportation costs involved in getting to Minnesota.”
Last year, Canterbury Park saw an overall grip increase of 68% despite 21% fewer races being driven amid COVID-19. The $ 68.4 million magnitude was a record largely due to off-track betting and prepayment bets as a result of the pandemic. They rose 115% per starter handle to $ 18,902. The field size averaged 7.24 thoroughbreds per breed – which is essentially the 2019 average.
“Last year it was important to get off to a strong start and make an impression with the national racing crowd. Having large and competitive fields on offer has achieved this and we are ready to build on this growing betting interest in 2021,” said Offerman. “The bonus not only helps owners to cover expenses at the beginning of the season, but also increases the field size and thus the handling of the wallets.”
Canterbury Park recently announced a general increase in its overnight money structure, meeting, or in some cases, exceeding the 2019 overnight wallets. Wallets are expected to average about $ 230,000 per race day in 2021 compared to 2020, or an increase of nearly 20% per day.
The ship loan program is offered to qualified applicants who arrive before the start of the season. Mail order loan applications are due with stand applications by April 2nd and will be reviewed by the Stand Allocation Committee, which includes Race Director and Race Secretary Robert Junk. The committee will approve up to $ 25,000 per owner to cover the cost of horse transport to Canterbury Park. The loan is repaid through an agreement between the successful applicant and the track. More information is available on-line on the Canterbury Park website.