Hoosier Park

Hoosier Park is a thoroughbred and standardbred racetrack located in Anderson, Indiana.

History

In 1992, Churchill Downs Incorporated announced plans to open a racetrack in Anderson, Indiana. Disputes involving Indiana racing authorities and a small interest in the track delayed construction. It was the first racetrack outside Kentucky owned by Churchill Downs since 1939. In February 1994 a contract was signed for the construction of Hoosier Park. The construction of the facility cost approximately $13 million dollars. On September 1, 1994 the track finally opened. A crowd of 7,633 came to the grand opening of the standardbred season. The track announces plans to open four off-track betting facilities in Indiana. On October 7, 1995 the first Indiana Derby was run.

Churchill Downs sold Hoosier Park in April 2007 for 8.2 million dollars to Centaur Group.

Competition

In 2001, Indiana Downs became the second horse racing track in the state. Initially located in Fairland, Indiana; it was later annexed into nearby Shelbyville, Indiana.

Competition eventually took its toll on Hoosier Park. When Indiana Downs opened, Hoosier Park was forced to split the state subsidy granted when the state had to issue two licenses. Also for the first time, Hoosier Park faced competition; both tracks are approximately 40 minutes apart and are about 15 minutes outside of Indianapolis.

Since 2003, both tracks have lost approximately $20 million combined.

Future

As of April 2007, legislation is pending in the Indiana General Assembly to permit slot machines at both tracks, essentially converting them to what is called a "racino". Both tracks would get a 55 percent share of the estimated $325 million the 2,000 slots at each of the state's two tracks are expected to generate annually. This will also increase the purse sizes and make both tracks much more desirable on a national level.

Legislation was passed shortly after April 2007. Hoosier Parks Casino opened up on June 2nd 2008.

Physical Attributes

The track is a seven-eighths of a mile dirt oval. There is no turf course.

Racing

The track conducts the following thoroughbred stakes:
*The City Of Anderson Stakes
*The Richmond Stakes
*The Indiana Breeders' Cup Oaks (Grade II)
*The Indiana Derby (Grade II)
*The Hillsdale Stakes
*The Gus Grissom Stakes
*Hoosier Silver Cup Stakes - Filly Division
*Hoosier Silver Cup Stakes
*The Merrillville Stakes
*The Brickyard Stakes
*The Miss Indiana Stakes
*The Indiana Futurity
*The Frances Slocum Stakes
*The Michael G. Schaefer Mile Stakes
*The Too Much Coffee Stakes
*The Indiana Stallion Stakes (Filly Division)
*The Indiana Stallion Stakes