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A downturn in horse wagering as a result of the sluggish economy is forcing Santa Anita Park to slash its overnight purses by 10% at the Oak Tree meeting to take effect Saturday.
Santa Anita Track officials said Wednesday that through the first 16 days of horse racing, Oak Tree’s overall pari-mutuel wagering was down 12% compared to last year.
The meeting began September 30 and runs through November 8, including the Breeders’ Cup 2009 World Championships on November 6-7, the two richest days in thoroughbred horse racing.
Oak Tree director Sherwood Chillingworth said unemployment in Los Angeles County is near 13%, which has negatively affected wagering.
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